Company Registration No. 11801361 (England and Wales)
Milk Diamonds Ltd
Unaudited accounts
for the year ended 29 February 2024
Milk Diamonds Ltd
Unaudited accounts
Contents
Milk Diamonds Ltd
Company Information
for the year ended 29 February 2024
Company Number
11801361 (England and Wales)
Registered Office
63 Keyford
Frome
BA11 1JT
Accountants
The Counting House (Frome) Ltd
7 Springfield
Norton St Philip
Nr Bath
Somerset
BA2 7NR
Milk Diamonds Ltd
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
1,184
1,355
Creditors: amounts falling due within one year
(6,350)
(4,457)
Net current (liabilities)/assets
(1,666)
2,672
Total assets less current liabilities
2,295
3,497
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
2,208
3,324
Shareholders' funds
2,209
3,325
For the year ending 29 February 2024 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 her 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 7 August 2024 and were signed on its behalf by
Tanya Logan
Director
Company Registration No. 11801361
Milk Diamonds Ltd
Notes to the Accounts
for the year ended 29 February 2024
Milk Diamonds Ltd is a private company, limited by shares, registered in England and Wales, registration number 11801361. The registered office is 63 Keyford, Frome, BA11 1JT.
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:
Plant & machinery
20% Straight Line
Computer equipment
20% Straight Line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
893
-
2,187
3,080
At 29 February 2024
893
4,169
2,187
7,249
At 1 March 2023
567
-
1,688
2,255
Charge for the year
179
417
437
1,033
At 29 February 2024
746
417
2,125
3,288
At 29 February 2024
147
3,752
62
3,961
At 28 February 2023
326
-
499
825
Amounts falling due within one year
Milk Diamonds Ltd
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,467
2,651
Loans from directors
4,883
1,806
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).