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COMPANY REGISTRATION NUMBER: 05903559
Milton Field Sports Limited
Filleted Unaudited Financial Statements
29 February 2024
Milton Field Sports Limited
Financial Statements
Period from 1 September 2022 to 29 February 2024
Contents
Page
Statement of financial position and the notes to the financial statements
1
Milton Field Sports Limited
Statement of Financial Position
29 February 2024
Period from
1 Sep 22 to
Year to
29 Feb 24
31 Aug 22
£
£
£
Fixed assets
30,374
36,102
--------
--------
Current assets
149,092
79,482
Prepayments and accrued income
7,636
47,299
---------
---------
156,728
126,781
Creditors: amounts falling due within one year
112,581
63,435
---------
---------
Net current assets
44,147
63,346
--------
--------
Total assets less current liabilities
74,521
99,448
Creditors: amounts falling due after more than one year
37,056
33,617
Accruals and deferred income
21,216
60,090
--------
--------
16,249
5,741
--------
--------
Capital and reserves
16,249
5,741
--------
-------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2022: 3 ).
2. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
29 Feb 24
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr K J Clinton
38,399
50,013
( 5,000)
83,412
--------
--------
-------
--------
31 Aug 22
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr K J Clinton
31,988
28,358
( 21,947)
38,399
--------
--------
--------
--------
During the year funds were withdrawn by the director of the company which resulted in the directors loan account becoming overdrawn. The maximum overdrawn balance was £83,412. Interest has been charged on the loan at the H M Revenue and Customs official rate.
3. Accounting basis and standards
The financial statements have been prepared under the historic cost convention and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 30 November 2024 , and are signed on behalf of the board by:
Mr K J Clinton
Director
Company registration number: 05903559
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Foundry, Cutlers Green, Chewton Mendip, Somerset, BA3 4ND.