Milew Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03245967

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,992		4,896

			3,992		4,896
CURRENT ASSETS
Stocks	5	8,000		8,000
Debtors	6	70,745		77,666
Cash at bank and in hand		-		5,641

		78,745		91,307
Creditors: Amounts Falling Due Within One Year	7	(197,113 )		(207,131 )

NET CURRENT ASSETS (LIABILITIES)			(118,368 )		(115,824 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(114,376 )		(110,928 )

Creditors: Amounts Falling Due After More Than One Year	8		(15,592 )		(18,134 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			(46,800 )		(46,800 )

NET LIABILITIES			(176,768 )		(175,862 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(176,868 )		(175,962 )

SHAREHOLDERS' FUNDS			(176,768)		(175,862)

Page 1

Page 2

Milew Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Ellis

Director

28 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Milew Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03245967 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.

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

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The company has net liabilities of £176,768 (2023: £175,862). The company is reliant on the continued support of its creditors and lenders. The management believe that it is appropriate to rely on this assertion for a period of not less than twelve months from the date the financial statements were approved. On this basis the director believes it is appropriate to prepare the accounts on the going concern basis.

2.3. Significant judgements and estimations

In preparing the financial statements in accordance with FRS 102, management is required to make judgements,

estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets,

liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are

recognised in the period in which the estimate is revised if the revision affects only that period or in the period of

the revision and future periods if the revision affects both current and future periods.

2.4. 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.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% RB
Motor Vehicles	20% RB
Fixtures & Fittings	15% RB
Computer Equipment	33% RB

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

Page 3

Page 4

Milew Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	5,594	18,979	8,784	2,754	36,111

As at 31 December 2024	5,594	18,979	8,784	2,754	36,111

Depreciation
As at 1 January 2024	5,248	15,265	7,950	2,752	31,215
Provided during the period	34	743	125	2	904

As at 31 December 2024	5,282	16,008	8,075	2,754	32,119

Net Book Value
As at 31 December 2024	312	2,971	709	-	3,992

As at 1 January 2024	346	3,714	834	2	4,896

5. Stocks

	2024	2023
	£	£
Materials	8,000	8,000

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	41,175	72,403
Other debtors	29,570	5,263

	70,745	77,666

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	85,730	101,243
Bank loans and overdrafts	22,165	2,364
Amounts owed to group undertakings	74,709	86,960
Other creditors	4,270	4,682
Taxation and social security	10,239	11,882

	197,113	207,131

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	15,592	18,134

Of the creditors falling due after more than one year the following amounts are due after more than five years.

Page 4

Page 5

Milew Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

	2024		2023
	£		£
Bank loans	4,418		7,463

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

Page 5