Millview Fuels Freight Ltd
|
Registered Number
:
NI
070847
|
For the year ended 31 October 2021
Northern Ireland
Unaudited Financial Statements
For the year ended 31 October 2021
Millview Fuels Freight Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Millview Fuels Freight Ltd
Statement of Financial Position
2020
2021
Property
,
plant and equipment
|
343,079
265,363
2
343,079
265,363
13,980
36,558
3
Trade and other receivables
|
115,675
183,055
4
180,499
Cash and cash equivalents
|
137,561
357,174
310,154
Trade and other payables
:
amounts falling due within one
|
year
|
(103,639)
(169,376)
5
206,515
187,798
Net current assets
Total assets less current liabilities
|
530,877
471,878
Trade and other payables
:
amounts falling due after more
|
than one year
|
(135,836)
(141,792)
6
(36,093)
(21,327)
Provisions for liabilities
|
352,992
Net assets
314,715
1
1
352,991
314,714
352,992
314,715
Shareholders' funds
For the year ended 31 October 2021 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 of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 28 April 2022 and were signed by:
|
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For the year ended 31 October 2021
Millview Fuels Freight Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 31 October 2021
Millview Fuels Freight Ltd
Notes to the Financial Statements
Statutory Information
Millview Fuels Freight Ltd is a private limited company
,
limited by shares
,
domiciled in Northern Ireland
,
registration
|
number NI
070847
.
|
7A Killycarn Road
Loughgilly
County Armagh
BT60 2DG
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and Buildings
Plant and Machinery
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
|
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
|
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
3 of 5
For the year ended 31 October 2021
Millview Fuels Freight Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
321,810
168,693
153,117
129,046
129,046
-
(42,000)
-
(42,000)
153,117
255,739
408,856
Provision for depreciation and impairment
|
56,447
56,447
-
Charge for year
28,115
28,115
-
(18,785)
(18,785)
-
65,777
65,777
-
153,117
189,962
343,079
153,117
112,246
265,363
2020
2021
36,558
13,980
4
.
Trade and other receivables
|
2020
2021
168,066
106,476
14,989
9,199
115,675
183,055
5
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
10,000
4,164
96,505
28,933
Taxation and social security
|
-
27,797
62,871
42,745
169,376
103,639
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For the year ended 31 October 2021
Millview Fuels Freight Ltd
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
36,667
45,836
105,125
90,000
141,792
135,836
7
.
Average number of persons employed
|
During the year the average number of employees was 14 (2020 : 4)
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