Milima Networks Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 10576067

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	5		21,400		21,400

			21,400		21,400
CURRENT ASSETS
Debtors		92,735		3,280
Cash at bank and in hand		8,645		4,728

		101,380		8,008
Creditors: Amounts Falling Due Within One Year		(180,410 )		(197,089 )

NET CURRENT ASSETS (LIABILITIES)			(79,030 )		(189,081 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(57,630 )		(167,681 )

Creditors: Amounts Falling Due After More Than One Year			(30,198 )		(43,406 )

NET LIABILITIES			(87,828 )		(211,087 )

CAPITAL AND RESERVES
Called up share capital	6		150		150
Profit and Loss Account			(87,978 )		(211,237 )

SHAREHOLDERS' FUNDS			(87,828)		(211,087)

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Milima Networks Ltd

Abridged Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 January 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Stuart Murgatroyd

Director

29 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Milima Networks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10576067 . The registered office is The Junction, Office 43, Charles Street, Horbury, WF4 5FH.

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 accounts have been prepared on a going concern basis, despite the fact that gross liabilities of the company exceed its assets at the balance sheet date. In arriving at this conclusion the company is reliant upon the continued support of the company's bankers and directors.

While the company remains subject to the same economic uncertainties confronting all businesses, the directors continually take steps to identify, manage and mitigate business risk. The results for the current financial year are showing substantial improvement and as such the basis of preparation is considered to be satisfactory.

2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.4. 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:

Computer Equipment

33% Straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Total
	£
Cost
As at 1 February 2024	898

As at 31 January 2025	898

Depreciation
As at 1 February 2024	898

As at 31 January 2025	898

...CONTINUED

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Milima Networks Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 January 2025

Net Book Value
As at 31 January 2025	-

As at 1 February 2024	-

5. Investments

	Total
	£
Cost
As at 1 February 2024	21,400

As at 31 January 2025	21,400

Provision
As at 1 February 2024	-

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	21,400

As at 1 February 2024	21,400

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	150	150

7. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2025
	£	£	£	£	£
Mr Stuart Murgatroyd	(54,238 )	164,063	34,502	-	75,323

The above loan is unsecured, interest free and repayable on demand.

8. Related Party Transactions

We Are VDO Limited

A company under the control of S Murgatroyd

At the year end a total in the sum of £15,262 (2024:£1,130) was owed by We Are VDO Limited.

Appmi Global Limited

A company under the control of S Murgatroyd

At the year end a total in the sum of £18,922 (2024: £28,850) was owed to Appmi Global Limited.

Data OD Ltd

A company under the control of S Murgatroyd

At the year end a total in the sum of £146,705 (2024: £116,705) was owed to Data OD Ltd.

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