Registration number: 07059456

Mill Court Consultants Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Mill Court Consultants Ltd

(Registration number: 07059456)

Balance Sheet as at 30 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	3	1,243	1,428
Current assets
Stocks	4	20,453	-
Debtors	5	84,058	68,395
Cash at bank and in hand		9,639	28,363
		114,150	96,758
Creditors: Amounts falling due within one year	6	(83,196)	(48,123)
Net current assets		30,954	48,635
Total assets less current liabilities		32,197	50,063
Creditors: Amounts falling due after more than one year	6	(12,014)	(14,243)
Net assets		20,183	35,820
Capital and reserves
Called up share capital		100	100
Retained earnings		20,083	35,720
Shareholders' funds		20,183	35,820

For the financial year ending 30 December 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

Mill Court Consultants Ltd

(Registration number: 07059456)

Balance Sheet as at 30 December 2024 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 3 September 2025
 

.........................................

Mr Benjamin Bjork

Director

Mill Court Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

1	Accounting policies

Statutory information

Mill Court Consultants Ltd is a private company, limited by shares, domiciled in England and Wales, company number 07059456. The registered office is at 3 Old Mill Court, Whiphill Top Lane, Branton, Doncaster, DN3 3NU.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the statement of income and retained earnings, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Mill Court Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024 (continued)

1	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Reducing balance
Fixtures and fittings	25% Reducing balance

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

Mill Court Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024 (continued)

3	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Total £
Cost
At 31 December 2023	180	4,366	4,546
Additions	229	-	229
At 30 December 2024	409	4,366	4,775
Depreciation
At 31 December 2023	148	2,970	3,118
Charge for the year	65	349	414
At 30 December 2024	213	3,319	3,532
Carrying amount
At 30 December 2024	196	1,047	1,243
At 30 December 2023	32	1,396	1,428

4

Stocks

	2024 £	2023 £
Work in progress	20,453	-

5

Debtors

	2024 £	2023 £
Trade debtors	19,872	17,176
Other debtors	64,186	51,219
	84,058	68,395

Mill Court Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Bank borrowings	2,229	2,228
Taxation and social security	79,389	33,838
Accruals and deferred income	1,578	3,888
Other creditors	-	8,169
	83,196	48,123

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Due after one year
Bank borrowings	12,014	14,243