IRIS Accounts Production v24.3.2.46 09044884 director 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090448842023-07-31090448842024-07-31090448842023-08-012024-07-31090448842022-07-31090448842022-08-012023-07-31090448842023-07-3109044884ns15:EnglandWales2023-08-012024-07-3109044884ns14:PoundSterling2023-08-012024-07-3109044884ns10:Director12023-08-012024-07-3109044884ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3109044884ns10:SmallEntities2023-08-012024-07-3109044884ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3109044884ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3109044884ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3109044884ns10:FullAccounts2023-08-012024-07-3109044884ns5:CurrentFinancialInstruments2024-07-3109044884ns5:CurrentFinancialInstruments2023-07-3109044884ns5:ShareCapital2024-07-3109044884ns5:ShareCapital2023-07-3109044884ns5:RetainedEarningsAccumulatedLosses2024-07-3109044884ns5:RetainedEarningsAccumulatedLosses2023-07-3109044884ns10:RegisteredOffice2023-08-012024-07-3109044884ns5:FurnitureFittings2023-08-012024-07-3109044884ns5:ComputerEquipment2023-08-012024-07-3109044884ns5:FurnitureFittings2023-07-3109044884ns5:ComputerEquipment2023-07-3109044884ns5:FurnitureFittings2024-07-3109044884ns5:ComputerEquipment2024-07-3109044884ns5:FurnitureFittings2023-07-3109044884ns5:ComputerEquipment2023-07-3109044884ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3109044884ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31090448841ns10:Director12023-07-31090448841ns10:Director12022-07-31090448841ns10:Director12023-08-012024-07-31090448841ns10:Director12022-08-012023-07-31090448841ns10:Director12024-07-31090448841ns10:Director12023-07-31
REGISTERED NUMBER: 09044884 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Milton Storage Ltd

Milton Storage Ltd (Registered number: 09044884)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Milton Storage Ltd (Registered number: 09044884)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 574 697

CURRENT ASSETS
Debtors 5 19,826 18,974
Cash at bank 6,427 12,884
26,253 31,858
CREDITORS
Amounts falling due within one year 6 6,164 8,165
NET CURRENT ASSETS 20,089 23,693
TOTAL ASSETS LESS CURRENT LIABILITIES 20,663 24,390

PROVISIONS FOR LIABILITIES 143 132
NET ASSETS 20,520 24,258

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20,420 24,158
SHAREHOLDERS' FUNDS 20,520 24,258

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2024 and were signed by:





Mr I D Parker - Director


Milton Storage Ltd (Registered number: 09044884)

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

1. STATUTORY INFORMATION

Milton Storage Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09044884

Registered office: Transport Yard, Milton Industrial Estate
Foxley Lane
Milton
Stoke-on-Trent
Staffordshire
ST2 7EH

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33.33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Rental income
Revenue is recognised as the company becomes entitled to consideration for the services supplied.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Milton Storage Ltd (Registered number: 09044884)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 1,355 665 2,020
DEPRECIATION
At 1 August 2023 762 561 1,323
Charge for year 89 34 123
At 31 July 2024 851 595 1,446
NET BOOK VALUE
At 31 July 2024 504 70 574
At 31 July 2023 593 104 697

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,027 2,673
Amounts owed by associates 15,600 -
Other debtors 2,199 16,301
19,826 18,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 103 -
Other creditors 6,061 8,165
6,164 8,165

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr I D Parker
Balance outstanding at start of year 4,103 (2,297 )
Amounts advanced 20,255 50,575
Amounts repaid (25,000 ) (44,175 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (642 ) 4,103