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REGISTERED NUMBER: 05242495 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MILBORROW, RODRIGUEZ, HELEY LIMITED

MILBORROW, RODRIGUEZ, HELEY LIMITED (REGISTERED NUMBER: 05242495)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILBORROW, RODRIGUEZ, HELEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: T W Heley
C L Rodriguez





REGISTERED OFFICE: 10 Coldbath Square
London
EC1R 5HL





REGISTERED NUMBER: 05242495 (England and Wales)





ACCOUNTANTS: Barker Wilkinson Limited
19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW

MILBORROW, RODRIGUEZ, HELEY LIMITED (REGISTERED NUMBER: 05242495)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,176 4,225

CURRENT ASSETS
Debtors 5 113,368 53,119
Cash at bank and in hand 116,010 164,874
229,378 217,993
CREDITORS
Amounts falling due within one year 6 149,429 109,911
NET CURRENT ASSETS 79,949 108,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,125

112,307

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 25 25
Retained earnings 84,050 112,232
SHAREHOLDERS' FUNDS 84,125 112,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MILBORROW, RODRIGUEZ, HELEY LIMITED (REGISTERED NUMBER: 05242495)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2025 and were signed on its behalf by:




T W Heley - Director



C L Rodriguez - Director


MILBORROW, RODRIGUEZ, HELEY LIMITED (REGISTERED NUMBER: 05242495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Milborrow, Rodriguez, Heley Limited 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.

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date and therefore the financial statements for the period ended 30th September 2024 have been prepared using the going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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

Revenue recognition
Revenue is recognised in the profit and loss account on the date that services are provided to the customer.
Where contracts exist to provide services over a period of time the revenue is recognised on a straight line basis and any income received/invoiced in advance is recognised within creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
The directors consider all financial instruments to be basic financial instruments in accordance with paragraph 11 of FRS102. All basic financial instruments including trade and other debtors, cash and cash equivalents, and trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

MILBORROW, RODRIGUEZ, HELEY LIMITED (REGISTERED NUMBER: 05242495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 102,198
Additions 2,832
At 30 September 2024 105,030
DEPRECIATION
At 1 October 2023 97,973
Charge for year 2,881
At 30 September 2024 100,854
NET BOOK VALUE
At 30 September 2024 4,176
At 30 September 2023 4,225

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 106,215 50,666
Other debtors 7,153 2,453
113,368 53,119

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,416 6,168
Taxation and social security 96,540 33,446
Other creditors 46,473 70,297
149,429 109,911

7. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and other financial commitments at the balance sheet date of £5,859 (2023 - £29,294) in respect of property leases.