Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC248381 Mr Henry Millan Mrs Margaret Millan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC248381 2023-02-28 SC248381 2024-02-29 SC248381 2023-03-01 2024-02-29 SC248381 frs-core:CurrentFinancialInstruments 2024-02-29 SC248381 frs-core:Non-currentFinancialInstruments 2024-02-29 SC248381 frs-core:ComputerEquipment 2024-02-29 SC248381 frs-core:ComputerEquipment 2023-03-01 2024-02-29 SC248381 frs-core:ComputerEquipment 2023-02-28 SC248381 frs-core:FurnitureFittings 2024-02-29 SC248381 frs-core:FurnitureFittings 2023-03-01 2024-02-29 SC248381 frs-core:FurnitureFittings 2023-02-28 SC248381 frs-core:MotorVehicles 2024-02-29 SC248381 frs-core:MotorVehicles 2023-03-01 2024-02-29 SC248381 frs-core:MotorVehicles 2023-02-28 SC248381 frs-core:ShareCapital 2024-02-29 SC248381 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC248381 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC248381 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC248381 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC248381 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC248381 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC248381 frs-bus:Director1 2023-03-01 2024-02-29 SC248381 frs-bus:Director2 2023-03-01 2024-02-29 SC248381 frs-countries:Scotland 2023-03-01 2024-02-29 SC248381 2022-02-28 SC248381 2023-02-28 SC248381 2022-03-01 2023-02-28 SC248381 frs-core:CurrentFinancialInstruments 2023-02-28 SC248381 frs-core:Non-currentFinancialInstruments 2023-02-28 SC248381 frs-core:ShareCapital 2023-02-28 SC248381 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC248381
Millan Services Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Donn Sheldon
21 Forbes Place
Paisley
PA1 1UT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC248381
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,729 771
26,729 771
CURRENT ASSETS
Stocks 5 146,823 143,777
Debtors 6 23,616 28,000
Cash at bank and in hand 11,812 5,759
182,251 177,536
Creditors: Amounts Falling Due Within One Year 7 (205,870 ) (152,483 )
NET CURRENT ASSETS (LIABILITIES) (23,619 ) 25,053
TOTAL ASSETS LESS CURRENT LIABILITIES 3,110 25,824
Creditors: Amounts Falling Due After More Than One Year 8 (34,107 ) (54,996 )
NET LIABILITIES (30,997 ) (29,172 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (30,999 ) (29,174 )
SHAREHOLDERS' FUNDS (30,997) (29,172)
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Henry Millan
Director
17/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Millan Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC248381 . The registered office is Unit 4, 140-142 Abercorn Street, Paisley, PA3 4DF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 10% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 9,845 1,500 10,310 21,655
Additions 27,195 - - 27,195
As at 29 February 2024 37,040 1,500 10,310 48,850
Depreciation
As at 1 March 2023 9,846 977 10,061 20,884
Provided during the period 907 182 148 1,237
As at 29 February 2024 10,753 1,159 10,209 22,121
...CONTINUED
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Net Book Value
As at 29 February 2024 26,287 341 101 26,729
As at 1 March 2023 (1 ) 523 249 771
5. Stocks
2024 2023
£ £
Materials 146,823 143,777
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,882 23,281
Other debtors 4,734 4,719
23,616 28,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 35,660 40,710
Bank loans and overdrafts 23,150 22,442
Other taxes and social security 1,883 5,407
VAT 6,515 9,129
Other creditors - 318
Directors' loan accounts 138,662 74,477
205,870 152,483
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,107 54,996
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4