Neal L Millstein Limited - Filleted accounts

Neal L Millstein Limited
Registered number:		07477080
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		-			52,775

Current assets
Debtors	4	40,996			33,446
Cash at bank and in hand		150,050			220,627
		191,046			254,073

Creditors: amounts falling due within one year	5	(13,000)			(30,169)

Net current assets			178,046			223,904

Total assets less current liabilities			178,046			276,679

Creditors: amounts falling due after more than one year	6		-			(72,639)

Net assets			178,046			204,040

Capital and reserves
Called up share capital			6			6
Profit and loss account			178,040			204,034

Shareholders' funds			178,046			204,040

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Neal Millstein
Director
Approved by the board on 1 May 2026

Neal L Millstein Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			2		2



3	Tangible fixed assets
		Office equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	30,604		81,177		111,781
	On disposals	-		(81,177)		(81,177)
	At 31 March 2026	30,604		-		30,604

	Depreciation
	At 1 April 2025	27,650		31,356		59,006
	Charge for the year	2,954		13,224		16,178
	On disposals	-		(44,580)		(44,580)
	At 31 March 2026	30,604		-		30,604

	Net book value
	At 31 March 2026	-		-		-
	At 31 March 2025	2,954		49,821		52,775



4	Debtors			2026		2025
£					£

	Loans receivable			40,158		20,234
	Other debtors			838		13,212
				40,996		33,446


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans			-		7,000
	Obligations under finance lease and hire purchase contracts			-		10,000
	Trade creditors			-		1,235
	Corporation tax			-		7,875
	Other taxes and social security costs			-		3,534
	Other creditors			13,000		525
				13,000		30,169


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			-		19,582
	Obligations under finance lease and hire purchase contracts			-		53,057
				-		72,639


7	Other information

	Neal L Millstein Limited is a private company limited by shares and incorporated in England. Its registered office is 45 Telford Gardens, Hedge End, Southampton, Hants, SO30 2TQ