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Registered Number: 09011399
England and Wales

 

 

 

MILK (READING) LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2024

End date: 30 April 2025
Directors Timothy Edward Hooper
Tyson Leigh Reed
Registered Number 09011399
Registered Office 65 Peach Street
Wokingham
Berkshire
RG40 1XP
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 30 April 2025.
Principal activities
Principal activity of the company during the financial year was of public house and bar. 
Directors

The directors who served the company throughout the year were as follows:
Timothy Edward Hooper
Tyson Leigh Reed (from 31/01/2025)

This report was approved by the board and signed on its behalf by:


----------------------------------
Timothy Edward Hooper
Director

Date approved: 10 June 2025
2
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 16,390    20,185 
16,390    20,185 
Current assets      
Stocks 4 6,250    15,475 
Debtors 5 7,375    7,442 
Cash at bank and in hand 1,833    5,530 
15,458    28,447 
Creditors: amount falling due within one year 6 (54,609)   (37,830)
Net current assets (39,151)   (9,383)
 
Total assets less current liabilities (22,761)   10,802 
Creditors: amount falling due after more than one year 7 (3,081)   (8,262)
Provisions for liabilities 8 (1,554)   (3,665)
Net assets (27,396)   (1,125)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (27,496)   (1,225)
Shareholders' funds (27,396)   (1,125)
 


For the year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 10 June 2025 and were signed on its behalf by:


-------------------------------
Timothy Edward Hooper
Director
3
General Information
Milk (Reading) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09011399, registration address 65 Peach Street, Wokingham, Berkshire , RG40 1XP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Straight Line
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2024 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 May 2024 13,162    16,174    950    30,286 
Additions 832        832 
Disposals      
At 30 April 2025 13,994    16,174    950    31,118 
Depreciation
At 01 May 2024 3,610    5,541    950    10,101 
Charge for year 2,180    2,447      4,627 
On disposals      
At 30 April 2025 5,790    7,988    950    14,728 
Net book values
Closing balance as at 30 April 2025 8,204    8,186      16,390 
Opening balance as at 01 May 2024 9,552    10,633      20,185 


4.

Stocks

2025
£
  2024
£
Stocks 6,250    15,475 
6,250    15,475 

5.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 1,305    120 
Prepayments & Accrued Income 63    1,476 
Other Debtors 4,408   
Taxation recoverable 1,599    5,846 
7,375    7,442 

6.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors 4,286    3,560 
Bank loans 5,607    5,053 
Social Security and Other Tax 16,097    9,500 
Accrued Expenses 518    573 
Other Creditors   585 
Directors' Current Accounts 28,101    18,559 
54,609    37,830 

7.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank loans - 1-2 years 3,081    5,181 
Bank loans - 2-5 years   3,081 
3,081    8,262 

8.

Provisions for liabilities

2025
£
  2024
£
Deferred Tax 1,554    3,665 
1,554    3,665 

9.

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.
4