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Registered number: 06947874

Millennium Wealth Management Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

Millennium Wealth Management Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Neil Baker
REGISTERED OFFICE
72 Moorland Road
Burslem
Stoke-on-Trent
ST6 1DY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06947874
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

Millennium Wealth Management Ltd

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Millennium Wealth Management Ltd

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets37,41810,115
Investment Assets44,3612,449
11,77912,564
CURRENT ASSETS
Debtors537,51544,657
Cash at bank and in hand3131,939
37,82846,596
CREDITORS: Amounts falling due within one year614,16920,511
NET CURRENT ASSETS23,65926,085
TOTAL ASSETS LESS CURRENT LIABILITIES35,43838,649
CREDITORS: Amounts falling due after more than one year729,60835,551
NET ASSETS5,8303,098
CAPITAL AND RESERVES
Called up share capital8102
Profit and loss account5,8203,096
SHAREHOLDERS' FUNDS5,8303,098
For the year ending 30/06/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/03/2025 and signed on their behalf by
Neil Baker
Director

Millennium Wealth Management Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 20%
Fixtures and Fittingsreducing balance 20%
Equipmentstraight line 25%
Motor Carsstraight line 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
1f. Turnover
Turnover represents the value of goods and services supplied by the company, net of value added tax and trade discounts.
2. EMPLOYEES
20242023
No.No.
Average number of employees66

Millennium Wealth Management Ltd

3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 01/07/202367910,4329,46120,90041,472
Additions-474--474
At 30/06/202467910,9069,46120,90041,946
Depreciation
At 01/07/20236796,9577,91715,80431,357
For the year-9399581,2743,171
At 30/06/20246797,8968,87517,07834,528
Net Book Amounts
At 30/06/2024-3,0105863,8227,418
At 30/06/2023-3,4751,5445,09610,115
4. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/07/20232,4492,449
Additions2,6302,630
Disposals(718)(718)
At 30/06/20244,3614,361
Amortisation
Net Book Amounts
At 30/06/20244,3614,361
At 30/06/20232,4492,449
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors4,4422,962
Other debtors2,5502,550
Prepayments317299
Accrued income5,0989,305
Directors current account25,10829,541
37,51544,657

Millennium Wealth Management Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax7,91713,326
PAYE control140420
Salaries and wages control-797
Bank Loan5,5565,556
Trade creditors556412
14,16920,511
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr29,60835,551
29,60835,551
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
9 Ordinary A shares of £1 each91
1 Ordinary B shares of £1 each11
102