Company Registration No. 06911511 (England and Wales)
Milestone Motors Limited
Unaudited accounts
for the year ended 31 May 2023
Milestone Motors Limited
Unaudited accounts
Contents
Milestone Motors Limited
Company Information
for the year ended 31 May 2023
Director
Andrew Mark Fox-Whiteley
Company Number
06911511 (England and Wales)
Registered Office
19 New Road
Middlestown
Wakefield
West Yorkshire
WF4 4NW
United Kingdom
Milestone Motors Limited
Statement of financial position
as at 31 May 2023
Tangible assets
31,310
17,119
Cash at bank and in hand
42,781
40,726
Creditors: amounts falling due within one year
(40,499)
(33,465)
Net current assets
5,944
9,561
Total assets less current liabilities
37,254
26,680
Creditors: amounts falling due after more than one year
(8,344)
(12,204)
Called up share capital
100
100
Profit and loss account
28,810
14,376
Shareholders' funds
28,910
14,476
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 February 2024 and were signed on its behalf by
Andrew Mark Fox-Whiteley
Director
Company Registration No. 06911511
Milestone Motors Limited
Notes to the Accounts
for the year ended 31 May 2023
Milestone Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 06911511. The registered office is 19 New Road, Middlestown, Wakefield, West Yorkshire, WF4 4NW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25& RB
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2022
96,529
887
97,416
At 31 May 2023
120,674
887
121,561
At 1 June 2022
79,675
622
80,297
Charge for the year
9,888
66
9,954
At 31 May 2023
89,563
688
90,251
At 31 May 2023
31,111
199
31,310
At 31 May 2022
16,854
265
17,119
Amounts falling due within one year
Milestone Motors Limited
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,879
3,898
Trade creditors
29,341
7,827
Taxes and social security
483
17,760
Loans from directors
918
768
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 4 (2022: 3).