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REGISTERED NUMBER: 09804313 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

The Mill Exchange Limited

The Mill Exchange Limited (Registered number: 09804313)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

The Mill Exchange Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Ms P H Bailey





REGISTERED OFFICE: Apt 4 Beech Court
48 Bloomsbury Avenue
Didsbury
Manchester
M20 2NF





REGISTERED NUMBER: 09804313 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

The Mill Exchange Limited (Registered number: 09804313)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,129 8,760

CURRENT ASSETS
Stocks 5 6,500 4,500
Debtors 6 68,987 55,213
Cash at bank 205,903 123,848
281,390 183,561
CREDITORS
Amounts falling due within one year 7 (118,990 ) (109,393 )
NET CURRENT ASSETS 162,400 74,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,529

82,928

CREDITORS
Amounts falling due after more than one
year

8

(15,998

)

(29,233

)

PROVISIONS FOR LIABILITIES (282 ) (2,190 )
NET ASSETS 147,249 51,505

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 147,248 51,504
147,249 51,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The Mill Exchange Limited (Registered number: 09804313)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:





Ms P H Bailey - Director


The Mill Exchange Limited (Registered number: 09804313)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

The Mill Exchange 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

The Mill Exchange Limited (Registered number: 09804313)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 119,182 33,150 - 152,332
Additions 271 - 615 886
At 31 October 2024 119,453 33,150 615 153,218
DEPRECIATION
At 1 November 2023 118,650 24,922 - 143,572
Charge for year 135 8,228 154 8,517
At 31 October 2024 118,785 33,150 154 152,089
NET BOOK VALUE
At 31 October 2024 668 - 461 1,129
At 31 October 2023 532 8,228 - 8,760

5. STOCKS
2024 2023
£    £   
Finished goods 6,500 4,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 13,704 6,688
Prepayment 55,283 48,525
68,987 55,213

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,069 14,074
Trade creditors 34,284 5,662
Tax 31,854 39,494
Social security and other taxes 1,540 1,258
Pension payable 165 191
Other creditors 30,775 44,108
Directors' current accounts 26 134
Accrued expenses 6,277 4,472
118,990 109,393

The Mill Exchange Limited (Registered number: 09804313)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 7,294 16,455
HP liability > 1 year 8,704 12,778
15,998 29,233

9. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of bank loans and hire purchase agreements as 31 October 2024 of £30,067 (2023: £43,307).

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Ms P H Bailey
Balance outstanding at start of year (134 ) 9,022
Amounts advanced (80,379 ) 205,353
Amounts repaid 80,487 (214,509 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26 ) (134 )

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms P H Bailey.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
The Mill Exchange Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Mill Exchange Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Mill Exchange Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Mill Exchange Limited and state those matters that we have agreed to state to the director of The Mill Exchange Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Mill Exchange Limited and its director for our work or for this report.

It is your duty to ensure that The Mill Exchange Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Mill Exchange Limited. You consider that The Mill Exchange Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Mill Exchange Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................