Registered number
11615380
Millenium Balti (Nuneaton) Limited
Filleted Accounts
31 October 2023
Millenium Balti (Nuneaton) Limited
Registered number: 11615380
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 26,600 26,600
Current assets
Stocks 1,175 825
Debtors 4 6,811 12,785
Cash at bank and in hand 476 355
8,462 13,965
Creditors: amounts falling due within one year 5 (64,166) (40,049)
Net current liabilities (55,704) (26,084)
Net (liabilities)/assets (29,104) 516
Capital and reserves
Called up share capital 1 1
Profit and loss account (29,105) 515
Shareholder's funds (29,104) 516
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D L Kay
Director
Approved by the board on 19 October 2024
Millenium Balti (Nuneaton) Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from the sale of goods and from the rendering of services, net of discounts and Value Added Tax.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Government grant
The company received the government grants as part of Corona Virus support measures and
these are presented in the accounts under the accrual model. They are as follows;
Council grant £7,667
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Improvements to premises
£
Cost
At 1 November 2022 26,600
At 31 October 2023 26,600
Depreciation
At 31 October 2023 -
Net book value
At 31 October 2023 26,600
At 31 October 2022 26,600
4 Debtors 2023 2022
£ £
Trade debtors 583 2,980
Other debtors 6,228 9,805
6,811 12,785
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 55,647 33,690
Other creditors 8,519 6,359
64,166 40,049
6 Other information
Millenium Balti (Nuneaton) Limited is a private company limited by shares and incorporated in England. Its registered office is:
8c The Square
Attleborough
Nuneaton
England
CV11 4JY
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