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REGISTERED NUMBER: 11131802 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Milo Access Platforms Limited

Milo Access Platforms Limited (Registered number: 11131802)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Milo Access Platforms Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: M A Percy





REGISTERED OFFICE: Unit 2
Victoria Industrial Estate
Hebburn
Tyne and Wear
NE31 1UB





REGISTERED NUMBER: 11131802 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Milo Access Platforms Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Milo Access Platforms Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Milo Access Platforms Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Milo Access Platforms Limited and state those matters that we have agreed to state to the director of Milo Access Platforms Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Milo Access Platforms Limited and its director for our work or for this report.

It is your duty to ensure that Milo Access Platforms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Milo Access Platforms Limited. You consider that Milo Access Platforms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Milo Access Platforms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


3 April 2024

Milo Access Platforms Limited (Registered number: 11131802)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 676,412 552,941

CURRENT ASSETS
Stocks 5 88,969 90,866
Debtors 6 111,729 136,849
Cash at bank and in hand 5,360 11,921
206,058 239,636
CREDITORS
Amounts falling due within one year 7 278,972 231,206
NET CURRENT (LIABILITIES)/ASSETS (72,914 ) 8,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

603,498

561,371

CREDITORS
Amounts falling due after more than one
year

8

(387,742

)

(399,450

)

PROVISIONS FOR LIABILITIES (31,100 ) (31,100 )
NET ASSETS 184,656 130,821

Milo Access Platforms Limited (Registered number: 11131802)

Balance Sheet - continued
31 January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 184,556 130,721
184,656 130,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 3 April 2024 and were signed by:





M A Percy - Director


Milo Access Platforms Limited (Registered number: 11131802)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Milo Access Platforms 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 prepared in sterling, which is the functional currency of the entity and are rounded to the nearest pound.

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.

Turnover is recognised at the fair value of consideration received or receivable goods and services provided in the normal course of business, and is shown net of discounts, value added tax and other taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance per annum
Computer equipment - 33% on cost per annum

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

Taxation
Taxation for the year comprises current and deferred tax. 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 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.


Milo Access Platforms Limited (Registered number: 11131802)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Milo Access Platforms Limited (Registered number: 11131802)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2023 688,100 2,000 690,100
Additions 233,744 - 233,744
At 31 January 2024 921,844 2,000 923,844
DEPRECIATION
At 1 February 2023 135,159 2,000 137,159
Charge for year 110,273 - 110,273
At 31 January 2024 245,432 2,000 247,432
NET BOOK VALUE
At 31 January 2024 676,412 - 676,412
At 31 January 2023 552,941 - 552,941

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2023 688,100
Additions 233,744
At 31 January 2024 921,844
DEPRECIATION
At 1 February 2023 135,159
Charge for year 110,273
At 31 January 2024 245,432
NET BOOK VALUE
At 31 January 2024 676,412
At 31 January 2023 552,941

Milo Access Platforms Limited (Registered number: 11131802)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. STOCKS
2024 2023
£    £   
Stocks 88,969 90,866

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,039 53,967
Amounts owed by associates 3,993 -
Directors' current accounts 42,658 34,260
Social security and other tax 11,468 11,468
VAT - 37,154
Prepayments 571 -
111,729 136,849

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 176,108 140,014
Trade creditors 55,852 37,659
Tax 11,468 11,468
Social security and other taxes 1,188 7,797
VAT 7,682 -
Other creditors 26,674 33,068
Accrued expenses - 1,200
278,972 231,206

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 387,742 399,450