Milestone Project Consultancy Limited - Accounts to registrar (filleted) - small 24.3

Milestone Project Consultancy Limited - Accounts to registrar (filleted) - small 24.3


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REGISTERED NUMBER: 08144579 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

MILESTONE PROJECT CONSULTANCY LIMITED

MILESTONE PROJECT CONSULTANCY LIMITED (REGISTERED NUMBER: 08144579)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILESTONE PROJECT CONSULTANCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Z Htut





SECRETARY: Mrs J Htut





REGISTERED OFFICE: The Workshop
32-40 Tontine Street
Folkestone
Kent
CT20 1JU





REGISTERED NUMBER: 08144579 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

MILESTONE PROJECT CONSULTANCY LIMITED (REGISTERED NUMBER: 08144579)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 440 -

CURRENT ASSETS
Debtors 5 141,861 79,095
Cash at bank 2 27,559
141,863 106,654
CREDITORS
Amounts falling due within one year 6 97,512 61,906
NET CURRENT ASSETS 44,351 44,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,791

44,748

CREDITORS
Amounts falling due after more than one
year

7

44,737

44,737
NET ASSETS 54 11

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 44 1
SHAREHOLDERS' FUNDS 54 11

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MILESTONE PROJECT CONSULTANCY LIMITED (REGISTERED NUMBER: 08144579)

BALANCE SHEET - continued
31 JULY 2023


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 director and authorised for issue on 31 January 2025 and were signed by:





Z Htut - Director


MILESTONE PROJECT CONSULTANCY LIMITED (REGISTERED NUMBER: 08144579)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Milestone Project Consultancy 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.

The financial statements are presented in round pounds £ sterling.

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.

Turnover
Turnover represents net invoiced sales of services excluding value added tax.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MILESTONE PROJECT CONSULTANCY LIMITED (REGISTERED NUMBER: 08144579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022 3,676
Additions 545
At 31 July 2023 4,221
DEPRECIATION
At 1 August 2022 3,676
Charge for year 105
At 31 July 2023 3,781
NET BOOK VALUE
At 31 July 2023 440
At 31 July 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,578 10,089
Other debtors 35,000 50,000
Directors' current accounts 72,005 18,398
Tax 24,278 608
141,861 79,095

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,244 11,363
Trade creditors 15,246 13,763
Tax 38,046 14,188
Social security and other taxes 2,822 2,520
VAT 18,094 18,127
Accrued expenses 1,060 1,945
97,512 61,906

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,263 5,263
Bank loans - 2-5 years 15,790 15,790
Bank loans more 5 yr by instal 23,684 23,684
44,737 44,737

MILESTONE PROJECT CONSULTANCY LIMITED (REGISTERED NUMBER: 08144579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,684 23,684

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10