Accounts Submission

Accounts Submission

MILLENNIUM COATINGS LIMITED - Company Information

Print Friendly Version

MILLENNIUM COATINGS LIMITED

Company Registration Number:
08066085 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2019

Period of accounts

Start date: 01 June 2018

End date: 31 May 2019

Page 1

MILLENNIUM COATINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2019

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 7

Page 2

MILLENNIUM COATINGS LIMITED

Company Information

for the Period Ended 31 May 2019




Registered office: Millennium Coatings
Peasehill Road
Ripley
England
DE5 3JH
Company Registration Number: 08066085 (England and Wales)

Page 3

MILLENNIUM COATINGS LIMITED

Balance sheet

As at 31 May 2019


Notes
2019
£
2018
£
Fixed assets
Intangible assets: 2 85,000 90,000
Tangible assets: 3 199,720 23,047
Total fixed assets: 284,720 113,047
Current assets
Stocks: 8,055 8,055
Debtors: 229,048 255,750
Cash at bank and in hand: 1 2,949
Total current assets: 237,104 266,754
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: ( 454,303 ) ( 373,693 )
Net current assets (liabilities): ( 217,199 ) ( 106,939 )
Total assets less current liabilities: 67,521 6,108
Creditors: amounts falling due after more than one year: ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 67,521 6,108

The notes form part of these financial statements

Page 4

MILLENNIUM COATINGS LIMITED

Balance sheet continued

As at 31 May 2019


Notes
2019
£
2018
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 4 0 0
Profit and loss account: 67,520 6,107
Shareholders funds: 67,521 6,108

For the year ending 31 May 2019 the company was entitled to exemption 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 directors acknowledge their 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 this accounting period 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.

This report was approved by the board of directors on 7 February 2020
And Signed On Behalf Of The Board By:

Name: Simon Nightingale
Status: Director

The notes form part of these financial statements

Page 5

MILLENNIUM COATINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2019

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Page 6

MILLENNIUM COATINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2019

  • 2. Intangible assets

    Total
    Cost £
    At 01 June 2018 100,000
    Additions 0
    Disposals (0)
    Revaluations 0
    Transfers 0
    At 31 May 2019 100,000
    Amortisation
    Amortisation at 01 June 2018 10,000
    Charge for year 5,000
    On disposals (0)
    Other adjustments 0
    Amortisation at 31 May 2019 15,000
    Net book value
    Net book value at 31 May 2019 85,000
    Net book value at 31 May 2018 90,000

Page 7

MILLENNIUM COATINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2019

3. Tangible Assets

Total
Cost £
At 01 June 2018 39,424
Additions 182,435
Disposals (0)
Revaluations 0
Transfers 0
At 31 May 2019 221,859
Depreciation
At 01 June 2018 16,377
Charge for year 5,762
On disposals (0)
Other adjustments 0
At 31 May 2019 22,139
Net book value
At 31 May 2019 199,720
At 31 May 2018 23,047

Page 8

MILLENNIUM COATINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2019

4. Revaluation reserve


2019
£
Balance at 01 June 2018 0
Surplus or deficit after revaluation 0
Balance at 31 May 2019 0

Page 9