REGISTERED NUMBER: 08177989 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

The Milford Collection Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W T Halford

D C Blower

J S Blower

J R Blower

SECRETARY:

REGISTERED OFFICE:

Myrick House

Hendomen

Montgomery

Powys

SY15 6EZ

REGISTERED NUMBER:

08177989 (England and Wales)

ACCOUNTANTS:

Corfield Accountancy Limited

Chartered Accountants

Myrick House

Hendomen

Montgomery

Powys

SY15 6EZ

FIXED ASSETS

Intangible assets

4

33,600

-

Tangible assets

5

604,237

619,419

637,837

619,419

CURRENT ASSETS

Stocks

609,032

599,181

Debtors

6

286,720

158,838

Cash at bank and in hand

3,553

1,786

899,305

759,805

CREDITORS

Amounts falling due within one year

7

681,746

447,161

NET CURRENT ASSETS

217,559

312,644

TOTAL ASSETS LESS CURRENT LIABILITIES

855,396

932,063

CREDITORS

Amounts falling due after more than one year

8

453,173

543,482

NET ASSETS

402,223

388,581

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

30,000

30,000

Retained earnings

372,123

358,481

402,223

388,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

D C Blower - Director

1.	STATUTORY INFORMATION

The Milford Collection Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Goodwill

In early 2025, the company acquired the goodwill of a business to complement its existing product ranges.

This is being amortised over its economic useful life of 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

192,000

Additions

42,000

At 30 April 2025

234,000

AMORTISATION

At 1 May 2024

192,000

Charge for year

8,400

At 30 April 2025

200,400

NET BOOK VALUE

At 30 April 2025

33,600

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

593,710

247,719

841,429

Additions

-

18,318

18,318

At 30 April 2025

593,710

266,037

859,747

DEPRECIATION

At 1 May 2024

27,686

194,324

222,010

Charge for year

12,344

21,156

33,500

At 30 April 2025

40,030

215,480

255,510

NET BOOK VALUE

At 30 April 2025

553,680

50,557

604,237

At 30 April 2024

566,024

53,395

619,419

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

172,981

117,568

Other debtors

113,739

41,270

286,720

158,838

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

249,837

180,321

Trade creditors

121,361

67,737

Taxation and social security

57,443

41,550

Other creditors

253,105

157,553

681,746

447,161

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

332,898

368,959

Other creditors

120,275

174,523

453,173

543,482

30.4.25

30.4.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

91,535

143,112

Repayable by instalments

Bank loans more 5 yr by instal

149,932

151,421

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank overdrafts

172,010

86,063

Bank loans

410,725

463,217

582,735

549,280

The bank loans are secured by fixed charges over the properties concerned. The overdraft is secured by a fixed and floating charge over all assets.