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REGISTERED NUMBER: 12129614 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

TOATS MYLK LIMITED

TOATS MYLK LIMITED (REGISTERED NUMBER: 12129614)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOATS MYLK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTOR: Dr. G R N Crossley





REGISTERED OFFICE: Rushmere Farm
Rushmere Lane
Hambledon
Waterlooville
Hampshire
PO7 4SG





REGISTERED NUMBER: 12129614 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

TOATS MYLK LIMITED (REGISTERED NUMBER: 12129614)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,585 72,425

CURRENT ASSETS
Stocks 17,660 8,304
Debtors 5 8,847 21,269
Cash at bank 6,338 2,529
32,845 32,102
CREDITORS
Amounts falling due within one year 6 113,429 114,831
NET CURRENT LIABILITIES (80,584 ) (82,729 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,999

)

(10,304

)

CREDITORS
Amounts falling due after more than one
year

7

7,261

20,159
NET LIABILITIES (49,260 ) (30,463 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (49,261 ) (30,464 )
(49,260 ) (30,463 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

TOATS MYLK LIMITED (REGISTERED NUMBER: 12129614)

BALANCE SHEET - continued
31ST 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 14th November 2023 and were signed by:





Dr. G R N Crossley - Director


TOATS MYLK LIMITED (REGISTERED NUMBER: 12129614)

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


1. STATUTORY INFORMATION

Toats Mylk 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 presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The director has considered the net liability present on the balance sheet and has given consideration to a period of not less than twelve months from the date of approval. Based on the evidence available, the director is of the opinion that Toats Mylk Limited is a viable going concern, which will continue to meet its liabilities as they fall due for payment. The principal creditor has confirmed that they will not demand repayment of some or all of the liability due to them unless funds are freely available at the time to do so.

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.
Plant and machinery - 20% on cost
Motor vehicles - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

TOATS MYLK LIMITED (REGISTERED NUMBER: 12129614)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st August 2022 92,795 7,995 100,790
Disposals (23,800 ) - (23,800 )
At 31st July 2023 68,995 7,995 76,990
DEPRECIATION
At 1st August 2022 27,166 1,199 28,365
Charge for year 13,600 1,200 14,800
Eliminated on disposal (4,760 ) - (4,760 )
At 31st July 2023 36,006 2,399 38,405
NET BOOK VALUE
At 31st July 2023 32,989 5,596 38,585
At 31st July 2022 65,629 6,796 72,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,113 8,983
Other debtors 3,734 12,286
8,847 21,269

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,538 6,388
Trade creditors 4,683 4,734
Other creditors 105,208 103,709
113,429 114,831

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 7,261 20,159

8. RELATED PARTY DISCLOSURES

There are no transactions with related parties which would have a material impact on the understanding of these financial statements, and those transaction which did occur were conducted under normal market conditions. No additional disclosure is therefore required.

TOATS MYLK LIMITED (REGISTERED NUMBER: 12129614)

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


9. ULTIMATE CONTROLLING PARTY

The controlling party is Dr. G R N Crossley.