Registered number
12627350
Milam London Ltd
Filleted Accounts
30 April 2024
Milam London Ltd
Registered number: 12627350
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,722 3,402
Current assets
Stocks 26,200 50,700
Debtors 4 4,639 24,480
Cash at bank and in hand 19,527 23,332
50,366 98,512
Creditors: amounts falling due within one year 5 (45,406) (84,127)
Net current assets 4,960 14,385
Total assets less current liabilities 7,682 17,787
Creditors: amounts falling due after more than one year 6 10,776 -
Net assets 18,458 17,787
Capital and reserves
Called up share capital 1 1
Profit and loss account 18,457 17,786
Shareholder's funds 18,458 17,787
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Alper Mestan
Director
Approved by the board on 13 August 2024
Milam London Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 5,815
At 30 April 2024 5,815
Depreciation
At 1 May 2023 2,413
Charge for the year 680
At 30 April 2024 3,093
Net book value
At 30 April 2024 2,722
At 30 April 2023 3,402
4 Debtors 2024 2023
£ £
Trade debtors 638 (66)
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,000 -
Other debtors 3,001 24,546
4,639 24,480
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 41,426
Trade creditors (3,270) (442)
Taxation and social security costs 14,377 28,126
Other creditors 34,299 15,017
45,406 84,127
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans (10,776) -
7 Other information
Milam London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Office 8
394 Camden Rd
London
N7 0SJ
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