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Company Registration No. 12766259 (England and Wales)
Million Years LTD Unaudited Accounts for the year ended 31 July 2024
Million Years LTD Unaudited Accounts Contents
Page
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Million Years LTD Company Information for the year ended 31 July 2024
Director
Lingling Fang
Company Number
12766259 (England and Wales)
Registered Office
231 HAVERING ROAD ROMFORD RM1 4TB ENGLAND
Accountants
Advantax Accountants LTD Suite 546, The Atrium 1 Harefield Road, Uxbridge London UB8 1EX
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Million Years LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,250 
3,318 
Current assets
Inventories
- 
7,360 
Debtors
340 
333 
Cash at bank and in hand
29,729 
7,650 
30,069 
15,343 
Creditors: amounts falling due within one year
3,300 
5,976 
Net current assets
33,369 
21,319 
Total assets less current liabilities
43,619 
24,637 
Creditors: amounts falling due after more than one year
(33,848)
(30,004)
Net assets/(liabilities)
9,771 
(5,367)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
9,770 
(5,368)
Shareholders' funds
9,771 
(5,367)
For the year ending 31 July 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 her 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 25 February 2025 and were signed on its behalf by
Lingling Fang Director Company Registration No. 12766259
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Million Years LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Million Years LTD is a private company, limited by shares, registered in England and Wales, registration number 12766259. The registered office is 231 HAVERING ROAD, ROMFORD, RM1 4TB, 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.
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:
Computer equipment
20%
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
- 
4,147 
4,147 
Additions
6,932 
- 
6,932 
At 31 July 2024
6,932 
4,147 
11,079 
Depreciation
At 1 August 2023
- 
829 
829 
At 31 July 2024
- 
829 
829 
Net book value
At 31 July 2024
6,932 
3,318 
10,250 
At 31 July 2023
- 
3,318 
3,318 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
340 
333 
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Million Years LTD Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(5,976)
(5,976)
Taxes and social security
2,676 
- 
(3,300)
(5,976)
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
(235)
(235)
Loans from directors
27,135 
27,815 
Accruals
6,948 
2,424 
33,848 
30,004 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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