Company Registration No. 10708642 (England and Wales)
MILTECH GROUP LIMITED
Unaudited accounts
for the year ended 30 April 2024
MILTECH GROUP LIMITED
Unaudited accounts
Contents
MILTECH GROUP LIMITED
Company Information
for the year ended 30 April 2024
Directors
Ian David Miles
Louise Miles
Company Number
10708642 (England and Wales)
Registered Office
54 RINGWOOD ROAD
VERWOOD
BH31 7AJ
ENGLAND
Accountants
Pope Accountancy Services Ltd
13 Douglas Road
Southbourne
BH6 3ER
MILTECH GROUP LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
51,653
14,352
Cash at bank and in hand
506
(631)
Creditors: amounts falling due within one year
(36,960)
(30,221)
Net current liabilities
(26,444)
(672)
Total assets less current liabilities
25,209
13,680
Creditors: amounts falling due after more than one year
(88,482)
(13,333)
Net (liabilities)/assets
(63,273)
347
Called up share capital
10
10
Profit and loss account
(63,283)
337
Shareholders' funds
(63,273)
347
For the year ending 30 April 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
Ian David Miles
Director
Company Registration No. 10708642
MILTECH GROUP LIMITED
Notes to the Accounts
for the year ended 30 April 2024
MILTECH GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10708642. The registered office is 54 RINGWOOD ROAD, VERWOOD, BH31 7AJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
8,779
8,076
16,855
At 30 April 2024
8,779
61,777
70,556
At 1 May 2023
1,057
1,446
2,503
Charge for the year
1,930
14,470
16,400
At 30 April 2024
2,987
15,916
18,903
At 30 April 2024
5,792
45,861
51,653
At 30 April 2023
7,722
6,630
14,352
MILTECH GROUP LIMITED
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Amounts falling due after more than one year
Accrued income and prepayments
-
2,283
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
46,372
21,990
Taxes and social security
8,344
15,067
Other creditors
19,240
16,381
Loans from directors
(33,808)
(29,685)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
77,799
-
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).