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Company Registration No. 10808115 (England and Wales)
House Of Milano Trading Ltd Unaudited accounts for the year ended 30 June 2024
House Of Milano Trading Ltd Unaudited accounts Contents
Page
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House Of Milano Trading Ltd Company Information for the year ended 30 June 2024
Director
Xien Lu
Company Number
10808115 (England and Wales)
Registered Office
Unit 9 & 10 Lawrence House Derby Street Manchester M8 8AT England
Accountants
Anthony Daniel Associates Ltd 10 Julian Place London E14 3AT
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House Of Milano Trading Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
220,668 
221,054 
Current assets
Inventories
98,945 
161,500 
Debtors
254,403 
171,821 
Cash at bank and in hand
280,713 
214,875 
634,061 
548,196 
Creditors: amounts falling due within one year
(604,024)
(604,459)
Net current assets/(liabilities)
30,037 
(56,263)
Total assets less current liabilities
250,705 
164,791 
Creditors: amounts falling due after more than one year
(9,167)
(19,167)
Net assets
241,538 
145,624 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
241,537 
145,623 
Shareholders' funds
241,538 
145,624 
For the year ending 30 June 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 his 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 18 June 2025 and were signed on its behalf by
Xien Lu Director Company Registration No. 10808115
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House Of Milano Trading Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
House Of Milano Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 10808115. The registered office is Unit 9 & 10 Lawrence House, Derby Street, Manchester, M8 8AT, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Computer equipment
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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House Of Milano Trading Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
219,268 
2,922 
222,190 
Additions
- 
212 
212 
At 30 June 2024
219,268 
3,134 
222,402 
Depreciation
At 1 July 2023
- 
1,136 
1,136 
Charge for the year
- 
598 
598 
At 30 June 2024
- 
1,734 
1,734 
Net book value
At 30 June 2024
219,268 
1,400 
220,668 
At 30 June 2023
219,268 
1,786 
221,054 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
213,023 
155,373 
Trade debtors
28,129 
3,463 
Accrued income and prepayments
13,251 
11,897 
Other debtors
- 
1,088 
254,403 
171,821 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
433,500 
448,843 
Taxes and social security
32,539 
22,900 
Other creditors
16,960 
18,000 
Loans from directors
109,662 
102,592 
Accruals
1,363 
2,124 
604,024 
604,459 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,167 
19,167 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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House Of Milano Trading Ltd Notes to the Accounts for the year ended 30 June 2024
9
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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