REGISTERED NUMBER: 09441154 (England and Wales)

MILLGROVE IT LTD

Unaudited Financial Statements For The Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTOR:

R McMillan

SECRETARY:

Miss A H Sadler

REGISTERED OFFICE:

44 Millfield Grove

North Shields

Tyne and Wear

NE30 2PZ

REGISTERED NUMBER:

09441154 (England and Wales)

ACCOUNTANTS:

Sadler Joyce Ltd

Chartered Certified Accountant

18 Norham Road

Whitley Bay

Tyne and Wear

NE26 2SD

FIXED ASSETS

Tangible assets

4

2,304

1,927

CURRENT ASSETS

Debtors

5

57,606

37,564

Cash at bank

265,925

647,158

323,531

684,722

CREDITORS

Amounts falling due within one year

6

171,055

245,911

NET CURRENT ASSETS

152,476

438,811

TOTAL ASSETS LESS CURRENT LIABILITIES

154,780

440,738

PROVISIONS FOR LIABILITIES

8

582

511

NET ASSETS

154,198

440,227

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

154,196

440,225

SHAREHOLDERS' FUNDS

154,198

440,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 4 December 2025 and were signed by:

R McMillan - Director

1.	STATUTORY INFORMATION

Millgrove IT Ltd 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.

Significant judgements

There were no judgements made that were significant enough to warrant disclosure.

Turnover

Turnover is stated net of value added tax and represents the total receivable by the company. The revenue is recognised on the raising of a sales invoice on completion of work or at the end of the month the work was carried out.

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 reducing balance

Computer equipment

-

at variable rates on reducing balance

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.

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.

Significant estimates

There were no estimates made that were significant enough to warrant disclosure.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

462

9,961

10,423

Additions

-

2,050

2,050

Disposals

-

(882

)

(882

)

At 31 March 2025

462

11,129

11,591

DEPRECIATION

At 1 April 2024

313

8,183

8,496

Charge for year

26

1,601

1,627

Eliminated on disposal

-

(836

)

(836

)

At 31 March 2025

339

8,948

9,287

NET BOOK VALUE

At 31 March 2025

123

2,181

2,304

At 31 March 2024

149

1,778

1,927

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

57,360

37,440

Other debtors

246

124

57,606

37,564

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

(32,867

)

32,867

Other creditors

203,922

213,044

171,055

245,911

Included in other creditors are amounts owed to the Director, this year he was owed £102,770 (£100,064 - 2024).

7.	FINANCIAL INSTRUMENTS

Debtors are shown at their impaired value (i.e. less doubtful debts).

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

582

511

Deferred

tax

£

Balance at 1 April 2024

511

Provided during year

71

Balance at 31 March 2025

582

9.	RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sadler Joyce Ltd

Chartered Certified Accountant

18 Norham Road

Whitley Bay

Tyne and Wear

NE26 2SD

4 December 2025