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Registered number: 04864733
Millar Sandy Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04864733
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,048 3,098
3,048 3,098
CURRENT ASSETS
Debtors 5 31,165 18,748
Cash at bank and in hand 11,424 25,700
42,589 44,448
Creditors: Amounts Falling Due Within One Year 6 (21,400 ) (20,727 )
NET CURRENT ASSETS (LIABILITIES) 21,189 23,721
TOTAL ASSETS LESS CURRENT LIABILITIES 24,237 26,819
PROVISIONS FOR LIABILITIES
Deferred Taxation (578 ) (588 )
NET ASSETS 23,659 26,231
CAPITAL AND RESERVES
Called up share capital 7 50 50
Capital redemption reserve 50 50
Profit and Loss Account 23,559 26,131
SHAREHOLDERS' FUNDS 23,659 26,231
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr K B Millar
Director
24 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Millar Sandy Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is neasured at the fair value of the consideration received or receiavble net of VAT and trade discounts. The policies adopted have been consistently applied to all years presented unless otherwise stated.
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from commercial property surverying is recognised by reference to the stage of completion at the balance sheet date.  Stage of completion is measured by reference to the date the service is provided.
Interest Receivable
Interest income is recognised using the effective interest method.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Freehold 20% - On Cost
Fixtures & Fittings At variable rates on reducing balance
Computer Equipment 20% - On Cost
2.4. 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.
Leases
Rentals payable and receivable under operating leases are charged to the profit and loss account on a striaght line basis over the period of the lease.
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2.5.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.6.
Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 1,064 8,040 3,909 13,013
Additions - - 1,087 1,087
As at 31 August 2024 1,064 8,040 4,996 14,100
Depreciation
As at 1 September 2023 1,064 7,162 1,689 9,915
Provided during the period - 138 999 1,137
As at 31 August 2024 1,064 7,300 2,688 11,052
Net Book Value
As at 31 August 2024 - 740 2,308 3,048
As at 1 September 2023 - 878 2,220 3,098
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,690 13,707
Prepayments and accrued income 975 2,592
Other debtors 11,500 96
Director's loan account - 2,353
31,165 18,748
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,897 6,282
Corporation tax 3,217 2,033
Other taxes and social security 1,342 1,347
VAT 7,035 7,045
Pension control 283 269
Accruals and deferred income 2,534 3,751
Director's loan account 3,092 -
21,400 20,727
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
50 Ordinary Shares of £ 1.00 each 50 50
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 4,369 4,369
4,369 4,369
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Kevin Millar 2,353 871 3,224 - -
The above loan is provided interest free and repayable on demand.
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