2 01/07/2023 30/06/2024 2024-06-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-07-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 09085657 2023-07-01 2024-06-30 09085657 2024-06-30 09085657 2023-06-30 09085657 2022-07-01 2023-06-30 09085657 2023-06-30 09085657 2022-06-30 09085657 core:PlantMachinery 2023-07-01 2024-06-30 09085657 core:MotorVehicles 2023-07-01 2024-06-30 09085657 bus:Director1 2023-07-01 2024-06-30 09085657 core:NetGoodwill 2024-06-30 09085657 core:PlantMachinery 2023-06-30 09085657 core:MotorVehicles 2023-06-30 09085657 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 09085657 core:PlantMachinery 2024-06-30 09085657 core:MotorVehicles 2024-06-30 09085657 core:WithinOneYear 2024-06-30 09085657 core:WithinOneYear 2023-06-30 09085657 core:AfterOneYear 2024-06-30 09085657 core:AfterOneYear 2023-06-30 09085657 core:ShareCapital 2024-06-30 09085657 core:ShareCapital 2023-06-30 09085657 core:RetainedEarningsAccumulatedLosses 2024-06-30 09085657 core:RetainedEarningsAccumulatedLosses 2023-06-30 09085657 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09085657 core:NetGoodwill 2023-06-30 09085657 core:PlantMachinery 2023-06-30 09085657 core:MotorVehicles 2023-06-30 09085657 bus:Director1 2023-06-30 09085657 bus:Director1 2024-06-30 09085657 bus:Director1 2022-06-30 09085657 bus:Director1 2023-06-30 09085657 bus:Director1 2022-07-01 2023-06-30 09085657 bus:SmallEntities 2023-07-01 2024-06-30 09085657 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09085657 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09085657 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09085657 bus:FullAccounts 2023-07-01 2024-06-30
Company registration number: 09085657
Milestone Property Services Rosehill Limited
Trading as MPS
Unaudited filleted financial statements
30 June 2024
Milestone Property Services Rosehill Limited
Contents
Balance sheet
Notes to the financial statements
Milestone Property Services Rosehill Limited
Balance sheet
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 50,006 49,358
_______ _______
50,006 49,358
Current assets
Debtors 7 135,099 131,111
_______ _______
135,099 131,111
Creditors: amounts falling due
within one year 8 ( 130,349) ( 119,025)
_______ _______
Net current assets 4,750 12,086
_______ _______
Total assets less current liabilities 54,756 61,444
Creditors: amounts falling due
after more than one year 9 ( 27,895) ( 50,233)
Provisions for liabilities ( 9,050) ( 9,169)
_______ _______
Net assets 17,811 2,042
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,711 1,942
_______ _______
Shareholders funds 17,811 2,042
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 March 2025 , and are signed on behalf of the board by:
Mr Kristofer Griggs
Director
Company registration number: 09085657
Milestone Property Services Rosehill Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Milestone, Rosehill, Market Drayton, Shropshire, TF9 2JF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % reducing balance
Motor vehicles - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 July 2023 and 30 June 2024 35,000 35,000
_______ _______
Amortisation
At 1 July 2023 and 30 June 2024 35,000 35,000
_______ _______
Carrying amount
At 30 June 2024 - -
_______ _______
At 30 June 2023 - -
_______ _______
6. Tangible assets
Freehold property Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 - 38,989 42,500 81,489
Additions 1,488 10,760 - 12,248
_______ _______ _______ _______
At 30 June 2024 1,488 49,749 42,500 93,737
_______ _______ _______ _______
Depreciation
At 1 July 2023 - 22,311 9,820 32,131
Charge for the year - 5,065 6,535 11,600
_______ _______ _______ _______
At 30 June 2024 - 27,376 16,355 43,731
_______ _______ _______ _______
Carrying amount
At 30 June 2024 1,488 22,373 26,145 50,006
_______ _______ _______ _______
At 30 June 2023 - 16,678 32,680 49,358
_______ _______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 61,933 16,695
Other debtors 73,166 114,416
_______ _______
135,099 131,111
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 23,116 32,017
Trade creditors 28,860 17,787
Corporation tax 54,830 47,827
Social security and other taxes 12,874 6,506
Other creditors 10,669 14,888
_______ _______
130,349 119,025
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 9,167 19,167
Other creditors 18,728 31,066
_______ _______
27,895 50,233
_______ _______
10. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Kristofer Griggs 84,529 ( 38,050) 46,479
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Kristofer Griggs 75,361 9,168 84,529
_______ _______ _______