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REGISTERED NUMBER: 14103539 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 12 MAY 2022 TO 31 MAY 2023

FOR

MILNE WATSON LIMITED

MILNE WATSON LIMITED (REGISTERED NUMBER: 14103539)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 MAY 2022 TO 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MILNE WATSON LIMITED

COMPANY INFORMATION
FOR THE PERIOD 12 MAY 2022 TO 31 MAY 2023







DIRECTOR: Mrs E V Waight





REGISTERED OFFICE: 46 Hamsey Crescent
Lewes
East Sussex
BN7 1NP





REGISTERED NUMBER: 14103539 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

MILNE WATSON LIMITED (REGISTERED NUMBER: 14103539)

BALANCE SHEET
31 MAY 2023

Notes £   
CURRENT ASSETS
Stocks 8,226
Debtors 4 39,076
Cash at bank and in hand 53,100
100,402
CREDITORS
Amounts falling due within one year 5 67,891
NET CURRENT ASSETS 32,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,511

CAPITAL AND RESERVES
Called up share capital 6 10
Retained earnings 32,501
SHAREHOLDERS' FUNDS 32,511

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

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

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 November 2023 and were signed by:





Mrs E V Waight - Director


MILNE WATSON LIMITED (REGISTERED NUMBER: 14103539)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 12 MAY 2022 TO 31 MAY 2023


1. STATUTORY INFORMATION

Milne Watson 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.

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

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Tax is recognised in the Income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

DEBTORS
Short term debtors are measured at transaction price, less any impairment.

CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

CREDITORS
Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 39,076

MILNE WATSON LIMITED (REGISTERED NUMBER: 14103539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12 MAY 2022 TO 31 MAY 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 28,196
Tax 17,072
VAT 9,224
Directors' current accounts 11,425
Accrued expenses 1,974
67,891

6. CALLED UP SHARE CAPITAL

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