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REGISTERED NUMBER: 07266500 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 June 2024

for

MILLCRAFT ENGINEERING LTD

MILLCRAFT ENGINEERING LTD (REGISTERED NUMBER: 07266500)






Contents of the Financial Statements
for the year ended 30 JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MILLCRAFT ENGINEERING LTD

Company Information
for the year ended 30 JUNE 2024







DIRECTORS: Mr P M Trethowan
Mrs A G Trethowan





REGISTERED OFFICE: 78 Mayfield Close
Hillingdon
Uxbridge
Middlesex
UB10 0DU





REGISTERED NUMBER: 07266500 (England and Wales)





ACCOUNTANTS: Coopers&Co Ltd
Thistledown Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG

MILLCRAFT ENGINEERING LTD (REGISTERED NUMBER: 07266500)

Abridged Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,686 15,829

CURRENT ASSETS
Debtors 69,776 82,397
Cash at bank 252,276 277,422
322,052 359,819
CREDITORS
Amounts falling due within one year 22,409 49,458
NET CURRENT ASSETS 299,643 310,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,329

326,190

PROVISIONS FOR LIABILITIES 1,270 3,494
NET ASSETS 305,059 322,696

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 304,959 322,596
SHAREHOLDERS' FUNDS 305,059 322,696

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MILLCRAFT ENGINEERING LTD (REGISTERED NUMBER: 07266500)

Abridged Balance Sheet - continued
30 JUNE 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





Mr P M Trethowan - Director


MILLCRAFT ENGINEERING LTD (REGISTERED NUMBER: 07266500)

Notes to the Financial Statements
for the year ended 30 JUNE 2024

1. STATUTORY INFORMATION

Millcraft Engineering Ltd 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

Pension costs and other post-retirement benefits
Contributions are made into an independently operated pension scheme and are charged to the profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 3 (2023 - 4 ) .

MILLCRAFT ENGINEERING LTD (REGISTERED NUMBER: 07266500)

Notes to the Financial Statements - continued
for the year ended 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 40,962
Additions 999
Disposals (25,532 )
At 30 June 2024 16,429
DEPRECIATION
At 1 July 2023 25,133
Charge for year 1,881
Eliminated on disposal (17,271 )
At 30 June 2024 9,743
NET BOOK VALUE
At 30 June 2024 6,686
At 30 June 2023 15,829

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company charged interest during the year on the overdrawn balance of £68,904 at the official rate of 2.25% per annum amounting to £1610 (2023: £117). This is due to be repaid within 9 months.