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
House Of Milano Trading Ltd
Company Information
for the year ended 30 June 2024
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
House Of Milano Trading Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
220,668
221,054
Inventories
98,945
161,500
Cash at bank and in hand
280,713
214,875
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
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
House Of Milano Trading Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
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 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 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.
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
At 30 June 2024
219,268
3,134
222,402
At 1 July 2023
-
1,136
1,136
Charge for the year
-
598
598
At 30 June 2024
-
1,734
1,734
At 30 June 2024
219,268
1,400
220,668
At 30 June 2023
219,268
1,786
221,054
Amounts falling due within one year
Trade debtors
28,129
3,463
Accrued income and prepayments
13,251
11,897
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
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
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).