MILAN GROUP LIMITED

Company Registration Number:
15271219 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 8 November 2023

End date: 30 November 2024

MILAN GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MILAN GROUP LIMITED

Directors' report period ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Principal activities of the company

The company's principal activity during the year continued to be Information technology consultancy activities and Temporary employment agency activities.

Additional information

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Directors

The director shown below has held office during the period of
1 March 2024 to 30 November 2024

SHAH, Rohan Rajubhai


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 February 2025

And signed on behalf of the board by:
Name: SHAH, Rohan Rajubhai
Status: Director

MILAN GROUP LIMITED

Profit And Loss Account

for the Period Ended 30 November 2024

13 months to 30 November 2024


£
Turnover: 1,943,062
Cost of sales: ( 1,301,783 )
Gross profit(or loss): 641,279
Distribution costs: ( 54,882 )
Administrative expenses: ( 210,147 )
Operating profit(or loss): 376,250
Profit(or loss) before tax: 376,250
Tax: ( 3,608 )
Profit(or loss) for the financial year: 372,642

MILAN GROUP LIMITED

Balance sheet

As at 30 November 2024

Notes 13 months to 30 November 2024


£
Fixed assets
Tangible assets: 3 43,656
Total fixed assets: 43,656
Current assets
Debtors: 4 315,077
Cash at bank and in hand: 28,454
Total current assets: 343,531
Creditors: amounts falling due within one year: 5 ( 14,544 )
Net current assets (liabilities): 328,987
Total assets less current liabilities: 372,643
Total net assets (liabilities): 372,643
Capital and reserves
Called up share capital: 1
Profit and loss account: 372,642
Total Shareholders' funds: 372,643

The notes form part of these financial statements

MILAN GROUP LIMITED

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 3 February 2025
and signed on behalf of the board by:

Name: SHAH, Rohan Rajubhai
Status: Director

The notes form part of these financial statements

MILAN GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

MILAN GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    13 months to 30 November 2024
    Average number of employees during the period 12

MILAN GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 48,791 48,791
Disposals
Revaluations
Transfers
At 30 November 2024 48,791 48,791
Depreciation
Charge for year 5,135 5,135
On disposals
Other adjustments
At 30 November 2024 5,135 5,135
Net book value
At 30 November 2024 43,656 43,656

MILAN GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Debtors

13 months to 30 November 2024
£
Trade debtors 315,077
Total 315,077

MILAN GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Creditors: amounts falling due within one year note

13 months to 30 November 2024
£
Trade creditors 14,544
Total 14,544