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REGISTERED NUMBER: 10531417 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 31 January 2024

for

MILNARSTON LIMITED

MILNARSTON LIMITED (REGISTERED NUMBER: 10531417)

Contents of the Financial Statements
for the Period 1 January 2023 to 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MILNARSTON LIMITED

Company Information
for the Period 1 January 2023 to 31 January 2024







DIRECTORS: Ms A Bucknall
Mr D J Yelloly



REGISTERED OFFICE: c/o BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



REGISTERED NUMBER: 10531417 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Barclays Bank Plc
Leicester
LE87 2BB

MILNARSTON LIMITED (REGISTERED NUMBER: 10531417)

Balance Sheet
31 January 2024

31.1.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 958 693

CURRENT ASSETS
Debtors 5 35,458 107,030
Cash at bank 75,910 17,646
111,368 124,676
CREDITORS
Amounts falling due within one year 6 54,297 52,398
NET CURRENT ASSETS 57,071 72,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,029

72,971

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 58,027 72,969
SHAREHOLDERS' FUNDS 58,029 72,971

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Ms A Bucknall - Director


MILNARSTON LIMITED (REGISTERED NUMBER: 10531417)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 January 2024


1. STATUTORY INFORMATION

Milnarston 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 is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initially recorded at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

MILNARSTON LIMITED (REGISTERED NUMBER: 10531417)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 January 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 292 2,779 3,071
Additions - 1,351 1,351
At 31 January 2024 292 4,130 4,422
DEPRECIATION
At 1 January 2023 215 2,163 2,378
Charge for period 19 1,067 1,086
At 31 January 2024 234 3,230 3,464
NET BOOK VALUE
At 31 January 2024 58 900 958
At 31 December 2022 77 616 693

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.12.22
£    £   
Trade debtors 3,106 13,583
Other debtors 32,352 93,447
35,458 107,030

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.12.22
£    £   
Taxation and social security 47,095 46,576
Other creditors 7,202 5,822
54,297 52,398

7. RELATED PARTY DISCLOSURES

At the balance sheet date, amounts were due to the company by the directors in the sum of £27,071 (2022: £87,523). Interest has been charged on these amounts at the official rate of interest set by H M Revenue & Customs. The balance was repaid after the year end.