2023-11-012024-10-312024-10-31false13664620MILLENIUM WOOD PRODUCTS 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MILLENIUM WOOD PRODUCTS LIMITED

Registered Number
13664620
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

MILLENIUM WOOD PRODUCTS LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

Geoffrey Brown
Kaspars Poiss

Registered Address

The Old Smithy Stocktons Courtyard
Overbury
Tewkesbury
GL20 7NT

Place of Business

31 Arthur Bliss Gardens

Cheltenham

Gloucestershire

GL50 2LN


Registered Number

13664620 (England and Wales)
MILLENIUM WOOD PRODUCTS LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks107,597148,849
Debtors95,603111,160
Cash at bank and on hand45,38352,644
248,583312,653
Creditors amounts falling due within one year(251,218)(273,255)
Net current assets (liabilities)(2,635)39,398
Total assets less current liabilities(2,635)39,398
Net assets(2,635)39,398
Capital and reserves
Called up share capital100100
Profit and loss account(2,735)39,298
Shareholders' funds(2,635)39,398
The financial statements were approved and authorised for issue by the Board of Directors on 5 March 2025, and are signed on its behalf by:
Geoffrey Brown
Director
Registered Company No. 13664620
MILLENIUM WOOD PRODUCTS LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year22