Company Registration No. 08059841 (England and Wales)
Millennium Security Limited
Unaudited accounts
for the year ended 31 May 2025
Millennium Security Limited
Unaudited accounts
Contents
Millennium Security Limited
Company Information
for the year ended 31 May 2025
Company Number
08059841 (England and Wales)
Registered Office
Unit 14
Kenneth Way
Wilstead
Bedfordshire
MK45 3PD
United Kingdom
Accountants
VAS Accounting Ltd
34 Box End Road
Kempston
Bedfordshire
MK43 8RR
Millennium Security Limited
Statement of financial position
as at 31 May 2025
Intangible assets
3,926
4,718
Tangible assets
1,185,925
1,144,885
Cash at bank and in hand
180,486
118,448
Creditors: amounts falling due within one year
(870,539)
(744,229)
Net current assets
184,449
32,657
Total assets less current liabilities
1,374,300
1,182,260
Creditors: amounts falling due after more than one year
-
(136,890)
Provisions for liabilities
Deferred tax
(294,318)
(283,664)
Net assets
1,079,982
761,706
Called up share capital
100
100
Profit and loss account
1,079,882
761,606
Shareholders' funds
1,079,982
761,706
For the year ending 31 May 2025 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 January 2026 and were signed on its behalf by
Adam Bakewell
Director
Company Registration No. 08059841
Millennium Security Limited
Notes to the Accounts
for the year ended 31 May 2025
Millennium Security Limited is a private company, limited by shares, registered in England and Wales, registration number 08059841. The registered office is Unit 14, Kenneth Way, Wilstead, Bedfordshire, MK45 3PD, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line (RSI equipment 50% straight line)
Motor vehicles
25% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Millennium Security Limited
Notes to the Accounts
for the year ended 31 May 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Expenditure on research and development is written off in the year in which it is incurred.
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Intangible fixed assets
Total
5
Tangible fixed assets
Total
Charge for the year
323,436
Millennium Security Limited
Notes to the Accounts
for the year ended 31 May 2025
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
114,011
163,244
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Deferred taxation
2025
2024
Accelerated capital allowances
294,318
283,664
Provision at start of year
283,664
195,627
Charged to the profit and loss account
10,654
88,037
Provision at end of year
294,318
283,664
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Operating lease commitments
2025
2024
At 31 May 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
64,097
70,103
Later than one year and not later than five years
278,730
311,169
Later than five years
32,519
88,265
The immediate parent company is Millennium Group Holdings Ltd, a company incorporated in England and Wales (Registered Number: 16081888).
The ultimate controlling party is Mr Adam Bakewell by virtue of their 100% shareholding in the immediate parent company.
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Average number of employees
During the year the average number of employees was 21 (2024: 17).