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REGISTERED NUMBER: 06456411 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Millhouse Furniture Makers Limited

Millhouse Furniture Makers Limited (Registered number: 06456411)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Millhouse Furniture Makers Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: J Lysiak





SECRETARY: Mrs A Lysiak





REGISTERED OFFICE: 15 Savile Drive
Halifax
West Yorkshire
HX1 2EU





REGISTERED NUMBER: 06456411 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Millhouse Furniture Makers Limited (Registered number: 06456411)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,996 39,751

CURRENT ASSETS
Stocks 750 750
Cash at bank and in hand 8,346 3,194
9,096 3,944
CREDITORS
Amounts falling due within one year 5 27,872 14,356
NET CURRENT LIABILITIES (18,776 ) (10,412 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,220

29,339

CREDITORS
Amounts falling due after more than one year 6 (13,376 ) (18,654 )

PROVISIONS FOR LIABILITIES (9,119 ) (7,552 )
NET ASSETS 6,725 3,133

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,724 3,132
SHAREHOLDERS' FUNDS 6,725 3,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





J Lysiak - Director


Millhouse Furniture Makers Limited (Registered number: 06456411)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Millhouse Furniture Makers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery - 15% on reducing balance
Equipment - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Millhouse Furniture Makers Limited (Registered number: 06456411)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Plant & Motor Computer
Machinery Equipment Vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 4,235 2,063 78,481 442 85,221
Additions - - 28,000 - 28,000
Disposals - - (29,960 ) - (29,960 )
At 31 January 2024 4,235 2,063 76,521 442 83,261
DEPRECIATION
At 1 February 2023 3,818 1,695 39,515 442 45,470
Charge for year 62 55 8,841 - 8,958
Eliminated on disposal - - (19,163 ) - (19,163 )
At 31 January 2024 3,880 1,750 29,193 442 35,265
NET BOOK VALUE
At 31 January 2024 355 313 47,328 - 47,996
At 31 January 2023 417 368 38,966 - 39,751

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade Creditors 476 440
Tax 3,229 1,065
Social Security & Other Taxes 457 475
VAT 5,344 4,965
Other Creditors 3,927 2,700
Directors Loan Account 13,739 11
Accrued Expenses 700 700
Prepaid Income - 4,000
27,872 14,356

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 2-5 years 13,376 18,654

7. RELATED PARTY DISCLOSURES

The company is controlled by the company director.