1 false false false false false false false false false false true false false false false false false No description of principal activity 2024-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09981439 2024-03-01 2025-02-28 09981439 2025-02-28 09981439 2024-02-29 09981439 2023-03-01 2024-02-29 09981439 2024-02-29 09981439 2023-02-28 09981439 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 09981439 bus:Director1 2024-03-01 2025-02-28 09981439 core:WithinOneYear 2025-02-28 09981439 core:WithinOneYear 2024-02-29 09981439 core:ShareCapital 2025-02-28 09981439 core:ShareCapital 2024-02-29 09981439 core:RetainedEarningsAccumulatedLosses 2025-02-28 09981439 core:RetainedEarningsAccumulatedLosses 2024-02-29 09981439 bus:SmallEntities 2024-03-01 2025-02-28 09981439 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 09981439 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 09981439 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09981439 bus:FullAccounts 2024-03-01 2025-02-28 09981439 bus:OrdinaryShareClass1 2025-02-28 09981439 bus:OrdinaryShareClass1 2024-02-29
COMPANY REGISTRATION NUMBER: 09981439

Millbury Limited

Filleted Unaudited Financial Statements

28 February 2025

Millbury Limited

Financial Statements

Year ended 28 February 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

Millbury Limited

Statement of Financial Position

28 February 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 310 |  | 545

Current assets

Debtors | 6 | 40,476 |  | 11,998 |
Cash at bank and in hand | 133,630 |  | 338,244 |
| --------- |  | --------- |
| 174,106 |  | 350,242 |

Creditors: amounts falling due within one year | 7 | 51,638 |  | 73,764 |
| --------- |  | --------- |
Net current assets |  | 122,468 |  | 276,478
|  | --------- |  | ---------
Total assets less current liabilities |  | 122,778 |  | 277,023
|  | --------- |  | ---------
Net assets |  | 122,778 |  | 277,023
|  | --------- |  | ---------

Capital and reserves

Called up share capital | 8 |  | 1 |  | 1
Profit and loss account |  | 122,777 |  | 277,022
|  | --------- |  | ---------
Shareholders funds |  | 122,778 |  | 277,023
|  | --------- |  | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2025 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Millbury Limited

Statement of Financial Position (continued)

28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 5 November 2025 , and are signed on behalf of the board by:

Mr C Davis |
Director |

Company registration number: 09981439

Millbury Limited

Notes to the Financial Statements

Year ended 28 February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Equipment | - | 25% straight line

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets

| Equipment
| £
Cost |
At 1 March 2024 and 28 February 2025 | 941
| ----
Depreciation |
At 1 March 2024 | 396
Charge for the year | 235
| ----
At 28 February 2025 | 631
| ----
Carrying amount |
At 28 February 2025 | 310
| ----
At 29 February 2024 | 545
| ----

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 19,635 | 11,998
Corporation tax repayable | 20,841 | –
| -------- | --------
| 40,476 | 11,998
| -------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Accruals and deferred income | 13,483 | 13,406
Corporation tax | – | 20,841
Director loan accounts | 38,155 | 39,517
| -------- | --------
| 51,638 | 73,764
| -------- | --------

8. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 1 | 1 | 1 | 1
| ---- | ---- | ---- | ----

9. Related party transactions
At the year end the company owed the director £38,155 (2024: 39,517) which is shown within creditors due within one year.