Milton Keynes 247 Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10734104

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,928		6,160
Tangible Assets	5		287,159		292,540

			292,087		298,700
CURRENT ASSETS
Stocks	6	150		150
Debtors	7	25,523		23,705
Cash at bank and in hand		11,687		26,928

		37,360		50,783
Creditors: Amounts Falling Due Within One Year	8	(8,243 )		(18,699 )

NET CURRENT ASSETS (LIABILITIES)			29,117		32,084

TOTAL ASSETS LESS CURRENT LIABILITIES			321,204		330,784

Creditors: Amounts Falling Due After More Than One Year	9		(437,861 )		(492,865 )

NET LIABILITIES			(116,657 )		(162,081 )

CAPITAL AND RESERVES
Called up share capital	10		300		300
Profit and Loss Account			(116,957 )		(162,381 )

SHAREHOLDERS' FUNDS			(116,657)		(162,081)

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Milton Keynes 247 Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Satish Patel

Director

16/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Milton Keynes 247 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10734104 . The registered office is Unit 6 Texel Close, Oakridge Park, Milton Keynes, MK14 6GL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	3%
Plant & Machinery	15%

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 5)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	28,200

As at 31 December 2024	28,200

...CONTINUED

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Milton Keynes 247 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Amortisation
As at 1 January 2024	22,040
Impairment losses	1,232

As at 31 December 2024	23,272

Net Book Value
As at 31 December 2024	4,928

As at 1 January 2024	6,160

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 January 2024	257,732	272,196	529,928
Additions	-	17,184	17,184

As at 31 December 2024	257,732	289,380	547,112

Depreciation
As at 1 January 2024	58,625	178,763	237,388
Provided during the period	5,973	16,592	22,565

As at 31 December 2024	64,598	195,355	259,953

Net Book Value
As at 31 December 2024	193,134	94,025	287,159

As at 1 January 2024	199,107	93,433	292,540

6. Stocks

	2024	2023
	£	£
Stock	150	150

7. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	25,523	22,919
VAT	-	786

	25,523	23,705

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Milton Keynes 247 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	3,699	15,320
Other taxes and social security	1,072	3,073
VAT	3,472	-
Accruals and deferred income	-	306

	8,243	18,699

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	17,508	27,512
Investor - Surfmist Capital Limited	-	1,980
SS Asset Management Loan	25,000	25,000
Polaris Business Loan	-	10,000
Primrose Properties loan	25,000	25,000
Directors loan account	370,353	403,373

	437,861	492,865

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	300	300

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