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Company Registration No. 06911511 (England and Wales)
Milestone Motors Limited Unaudited accounts for the year ended 31 May 2024
Milestone Motors Limited Unaudited accounts Contents
Page
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Milestone Motors Limited Company Information for the year ended 31 May 2024
Director
Andrew Mark Fox-Whiteley
Company Number
06911511 (England and Wales)
Registered Office
19 New Road Middlestown Wakefield West Yorkshire WF4 4NW United Kingdom
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Milestone Motors Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,108 
31,310 
Current assets
Inventories
2,300 
2,300 
Debtors
- 
1,362 
Cash at bank and in hand
56,149 
42,781 
58,449 
46,443 
Creditors: amounts falling due within one year
(42,061)
(40,499)
Net current assets
16,388 
5,944 
Total assets less current liabilities
42,496 
37,254 
Creditors: amounts falling due after more than one year
(16,138)
(16,977)
Net assets
26,358 
20,277 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
26,258 
20,177 
Shareholders' funds
26,358 
20,277 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 17 February 2025 and were signed on its behalf by
Andrew Mark Fox-Whiteley Director Company Registration No. 06911511
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Milestone Motors Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Milestone Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 06911511. The registered office is 19 New Road, Middlestown, Wakefield, West Yorkshire, WF4 4NW, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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& RB
Fixtures & fittings
25& RB
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
120,674 
887 
121,561 
Additions
3,501 
- 
3,501 
At 31 May 2024
124,175 
887 
125,062 
Depreciation
At 1 June 2023
89,563 
688 
90,251 
Charge for the year
8,653 
50 
8,703 
At 31 May 2024
98,216 
738 
98,954 
Net book value
At 31 May 2024
25,959 
149 
26,108 
At 31 May 2023
31,111 
199 
31,310 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,362 
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Milestone Motors Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,980 
3,879 
VAT
6,601 
5,878 
Trade creditors
29,606 
29,341 
Taxes and social security
860 
483 
Loans from directors
14 
918 
42,061 
40,499 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,621 
8,344 
Taxes and social security
12,517 
8,633 
16,138 
16,977 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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