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REGISTERED NUMBER: 06645239 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Milnrow Motor Company Ltd

Milnrow Motor Company Ltd (Registered number: 06645239)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Milnrow Motor Company Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M L Thomas





SECRETARY:





REGISTERED OFFICE: Newhey Road
Milnrow
Rochdale
Lancashire
OL16 4JD





REGISTERED NUMBER: 06645239 (England and Wales)





ACCOUNTANTS: Calderbrook House Ltd
Trent Industrial Estate
Shaw
Oldham
Greater Manchester
OL2 7UT

Milnrow Motor Company Ltd (Registered number: 06645239)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,441 40,852

CURRENT ASSETS
Stocks 2,684 -
Debtors 5 25,678 54,055
Cash at bank and in hand 86,554 79,353
114,916 133,408
CREDITORS
Amounts falling due within one year 6 51,598 62,412
NET CURRENT ASSETS 63,318 70,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,759

111,848

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 121,658 111,747
121,759 111,848

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2025 and were signed by:





M L Thomas - Director


Milnrow Motor Company Ltd (Registered number: 06645239)

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

1. STATUTORY INFORMATION

Milnrow Motor Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

Milnrow Motor Company Ltd (Registered number: 06645239)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 195,930
Additions 29,700
At 31 August 2024 225,630
DEPRECIATION
At 1 September 2023 155,078
Charge for year 12,111
At 31 August 2024 167,189
NET BOOK VALUE
At 31 August 2024 58,441
At 31 August 2023 40,852

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 2,515 1,949
Other debtors 23,163 52,106
25,678 54,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 19,676 26,888
Trade creditors 8,154 11,606
Taxation and social security 7,737 6,130
Other creditors 16,031 17,788
51,598 62,412