Millcroft Consulting Limited - Accounts to registrar (filleted) - small 18.2

Millcroft Consulting Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10011039(England and Wales)















MILLCROFT CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019






MILLCROFT CONSULTING LIMITED (REGISTERED NUMBER: 10011039)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILLCROFT CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: A R Cawley
Mrs R A Cawley





REGISTERED OFFICE: Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD





REGISTERED NUMBER: 10011039(England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

MILLCROFT CONSULTING LIMITED (REGISTERED NUMBER: 10011039)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 588 1,835

CURRENT ASSETS
Debtors 5 10,550 20,128
Cash at bank 81,593 95,303
92,143 115,431
CREDITORS
Amounts falling due within one year 6 86,510 105,263
NET CURRENT ASSETS 5,633 10,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,221

12,003

PROVISIONS FOR LIABILITIES 7 112 349
NET ASSETS 6,109 11,654

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 6,009 11,554
6,109 11,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MILLCROFT CONSULTING LIMITED (REGISTERED NUMBER: 10011039)

BALANCE SHEET - continued
31 MARCH 2019


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 7 September 2019and were signed on
its behalf by:





A R Cawley- Director


MILLCROFT CONSULTING LIMITED (REGISTERED NUMBER: 10011039)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


1. STATUTORY INFORMATION

Millcroft Consulting Limited 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.

Going concern
The directors have reasonable expectation that the company has adequate resources to continue in
operational existence for the foreseeable future. The directors have reached this conclusion giving due
consideration to the projected future performance of the company and any potential risk that might
impact the company's ability to meet its required solvency levels. For this reason, they continue to
adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of
Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

MILLCROFT CONSULTING LIMITED (REGISTERED NUMBER: 10011039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2018
and 31 March 2019 3,704
DEPRECIATION
At 1 April 2018 1,869
Charge for year 1,247
At 31 March 2019 3,116
NET BOOK VALUE
At 31 March 2019 588
At 31 March 2018 1,835

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 10,550 20,128

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Corporation tax 10,738 11,580
Directors' current accounts 73,692 91,699
Accrued expenses 2,080 1,984
86,510 105,263

7. PROVISIONS FOR LIABILITIES
2019 2018
£    £   
Deferred tax 112 349

Deferred
tax
£   
Balance at 1 April 2018 349
Credit to Income Statement during year (237 )
Balance at 31 March 2019 112

MILLCROFT CONSULTING LIMITED (REGISTERED NUMBER: 10011039)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal Value: 2018

40 Ordinary A £1 40
40 Ordinary B £1 40
10 Ordinary C £1 10
10 Ordinary D £1 10
100


9. ULTIMATE CONTROLLING PARTY

The controlling party is A R Cawley.