Millennium Business Technology Limited Filleted accounts for Companies House (small only)

COMPANY REGISTRATION NUMBER: 03042752

Millennium Business Technology Limited

Filleted Unaudited Financial Statements

31 December 2025

Millennium Business Technology Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Consolidated statement of financial position	1

Company statement of financial position	3

Consolidated statement of changes in equity	5

Company statement of changes in equity	6

Notes to the financial statements	7

Millennium Business Technology Limited

Consolidated Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	–	2,006
Tangible assets	6	1,737	3,313
		-------	-------
		1,737	5,319

Current assets

Debtors	8	1,071,859	755,284
Cash at bank and in hand		3,151,405	2,461,084
		------------	------------
		4,223,264	3,216,368

Creditors: amounts falling due within one year	9	2,453,976	1,812,798
		------------	------------
Net current assets		1,769,288	1,403,570
		------------	------------
Total assets less current liabilities		1,771,025	1,408,889

Provisions	( 9,235)	( 9,891)
	------------	------------
Net assets	1,780,260	1,418,780
	------------	------------

Capital and reserves

Called up share capital	100	100
Other reserves	2,271	2,271
Profit and loss account	1,740,210	1,387,623
	------------	------------
Equity attributable to the owners of the parent company	1,742,581	1,389,994

Non-controlling interests	37,679	28,786
	------------	------------
	1,780,260	1,418,780
	------------	------------

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 consolidated income statement has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Millennium Business Technology Limited

Consolidated Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 27 May 2026 , and are signed on behalf of the board by:

Mr R P P Keet

Director

Company registration number: 03042752

Millennium Business Technology Limited

Company Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	–	2,006
Tangible assets	6	–	2,083
Investments	7	6,877	6,877
		-------	--------
		6,877	10,966

Current assets

Debtors	8	911,990	659,402
Cash at bank and in hand		2,846,023	2,229,133
		------------	------------
		3,758,013	2,888,535

Creditors: amounts falling due within one year	9	2,165,922	1,617,597
		------------	------------
Net current assets		1,592,091	1,270,938
		------------	------------
Total assets less current liabilities		1,598,968	1,281,904

Provisions	–	521
	------------	------------
Net assets	1,598,968	1,281,383
	------------	------------

Capital and reserves

Called up share capital	100	100
Other reserves	2,271	2,271
Profit and loss account	1,596,597	1,279,012
	------------	------------
Shareholders funds	1,598,968	1,281,383
	------------	------------

The profit for the financial year of the parent company was £ 867,585 (2024: £ 247,476 ).

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'.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Millennium Business Technology Limited

Company Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 27 May 2026 , and are signed on behalf of the board by:

Mr R P P Keet

Director

Company registration number: 03042752

Millennium Business Technology Limited

Consolidated Statement of Changes in Equity

Year ended 31 December 2025

		Called up share capital	Other reserves	Profit and loss account	Equity attributable to the owners of the parent company	Non-controlling interests	Total
		£	£	£	£	£	£
At 1 January 2024		100	2,271	1,384,575	1,386,946	22,587	1,409,533

Profit for the year				276,580	276,580	17,819	294,399
Other comprehensive income for the year:
	Foreign currency retranslation	–	–	( 3,540)	( 3,540)	( 841)	( 4,381)
		----	-------	------------	------------	--------	------------
Total comprehensive income for the year		–	–	273,040	273,040	16,978	290,018

Dividends paid and payable		–	–	( 269,992)	( 269,992)	( 10,779)	( 280,771)
		----	-------	------------	------------	--------	------------
Total investments by and distributions to owners		–	–	( 269,992)	( 269,992)	( 10,779)	( 280,771)

At 31 December 2024		100	2,271	1,387,623	1,389,994	28,786	1,418,780

Profit for the year				898,990	898,990	20,495	919,485
Other comprehensive income for the year:
	Foreign currency retranslation	–	–	3,597	3,597	1,472	5,069
		----	-------	------------	------------	--------	------------
Total comprehensive income for the year		–	–	902,587	902,587	21,967	924,554

Dividends paid and payable		–	–	( 550,000)	( 550,000)	( 13,074)	( 563,074)
		----	----	---------	---------	--------	---------
Total investments by and distributions to owners		–	–	( 550,000)	( 550,000)	( 13,074)	( 563,074)

		----	-------	------------	------------	--------	------------
At 31 December 2025		100	2,271	1,740,210	1,742,581	37,679	1,780,260
		----	-------	------------	------------	--------	------------

Millennium Business Technology Limited

Company Statement of Changes in Equity

Year ended 31 December 2025

	Called up share capital	Other reserves	Profit and loss account	Total
	£	£	£	£
At 1 January 2024	100	2,271	1,301,528	1,303,899

Profit for the year			247,476	247,476
	----	-------	------------	------------
Total comprehensive income for the year	–	–	247,476	247,476

Dividends paid and payable	–	–	( 269,992)	( 269,992)
	----	-------	------------	------------
Total investments by and distributions to owners	–	–	( 269,992)	( 269,992)

At 31 December 2024	100	2,271	1,279,012	1,281,383

Profit for the year			867,585	867,585
	----	-------	------------	------------
Total comprehensive income for the year	–	–	867,585	867,585

Dividends paid and payable	–	–	( 550,000)	( 550,000)
	----	----	---------	---------
Total investments by and distributions to owners	–	–	( 550,000)	( 550,000)

	----	-------	------------	------------
At 31 December 2025	100	2,271	1,596,597	1,598,968
	----	-------	------------	------------

Millennium Business Technology Limited

Notes to the Financial Statements

Year ended 31 December 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 Millennium House, 75 High Street, Hythe, Kent, England, CT21 5JH.

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.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of Millennium Business Technology Limited and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Non-controlling interests

Minority interests in the net assets of consolidated subsidiaries are identified separately from the Group’s equity. Minority interests consist of the amount of those interests at the date of the original business combination and the minority’s share of changes in equity since the date of the combination.

The proportions of profit or loss and changes in equity allocated to the owners of the parent and to the minority interests are determined on the basis of existing ownership interests and do not reflect the possible exercise or conversion of options or convertible instruments.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

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. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Intangible assets	-	2-3 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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.

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:

Fixtures and fittings	-	3 years straight line
Equipment	-	1-3 years straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

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. Short term debtors and creditors are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2024: 11 ).

5. Intangible assets

Group	Intangible assets
	£
Cost
At 1 January 2025 and 31 December 2025	121,205
	---------
Amortisation
At 1 January 2025	119,199
Charge for the year	2,006
	---------
At 31 December 2025	121,205
	---------
Carrying amount
At 31 December 2025	–
	---------
At 31 December 2024	2,006
	---------

Company	Intangible assets
	£
Cost
At 1 January 2025 and 31 December 2025	110,749
	---------
Amortisation
At 1 January 2025	108,743
Charge for the year	2,006
	---------
At 31 December 2025	110,749
	---------
Carrying amount
At 31 December 2025	–
	---------
At 31 December 2024	2,006
	---------

6. Tangible assets

Group	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2025	4,620	39,364	43,984
Additions	–	842	842
	-------	--------	--------
At 31 December 2025	4,620	40,206	44,826
	-------	--------	--------
Depreciation
At 1 January 2025	4,620	36,051	40,671
Charge for the year	–	2,418	2,418
	-------	--------	--------
At 31 December 2025	4,620	38,469	43,089
	-------	--------	--------
Carrying amount
At 31 December 2025	–	1,737	1,737
	-------	--------	--------
At 31 December 2024	–	3,313	3,313
	-------	--------	--------

Company	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2025 and 31 December 2025	4,620	33,413	38,033
	-------	--------	--------
Depreciation
At 1 January 2025	4,620	31,330	35,950
Charge for the year	–	2,083	2,083
	-------	--------	--------
At 31 December 2025	4,620	33,413	38,033
	-------	--------	--------
Carrying amount
At 31 December 2025	–	–	–
	-------	--------	--------
At 31 December 2024	–	2,083	2,083
	-------	--------	--------

7. Investments

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 January 2025 and 31 December 2025	6,877
	-------
Impairment
At 1 January 2025 and 31 December 2025	–
	-------

Carrying amount
At 1 January 2025 and 31 December 2025	6,877
	-------
At 31 December 2024	6,877
	-------

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Registered office	Class of share	Percentage of shares held
Subsidiary undertakings
Millennium (Europe) SRL	Palazzo Casati Stampa	Ordinary	80
	Via Torino, 61
	20123 Milano MI
	Italia

8. Debtors

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade debtors	898,412	530,825	748,978	440,323
Other debtors	173,447	224,459	163,012	219,079
	------------	---------	---------	---------
	1,071,859	755,284	911,990	659,402
	------------	---------	---------	---------

9. Creditors: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade creditors	76,877	13,106	69,628	15,267
Corporation tax	274,681	70,116	274,347	70,813
Social security and other taxes	154,495	167,464	119,702	140,179
Other creditors	1,947,923	1,562,112	1,702,245	1,391,338
	------------	------------	------------	------------
	2,453,976	1,812,798	2,165,922	1,617,597
	------------	------------	------------	------------

10. Related party transactions

Company

At the year end the company owed a director £75,000 (2024: £nil). At the year end the company owed a director £75,000 (2024: £nil).