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Company Registration No. 11801361 (England and Wales)
Milk Diamonds Ltd Unaudited accounts for the year ended 28 February 2025
Milk Diamonds Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Milk Diamonds Ltd Company Information for the year ended 28 February 2025
Director
Tanya Logan
Company Number
11801361 (England and Wales)
Registered Office
63 Keyford Frome BA11 1JT
Accountants
The Counting House (Frome) Ltd 7 Springfield Norton St Philip Nr Bath Somerset BA2 7NR
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Milk Diamonds Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,918
3,961
Current assets
Inventories
3,500
3,500
Cash at bank and in hand
460
1,184
3,960
4,684
Creditors: amounts falling due within one year
5
(6,148)
(6,350)
Net current liabilities
(2,188)
(1,666)
Total assets less current liabilities
730
2,295
Provisions for liabilities
Deferred tax
-
(86)
Net assets
730
2,209
Capital and reserves
Called up share capital
1
1
Profit and loss account
729
2,208
Shareholders' funds
730
2,209
For the year ending 28 February 2025 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 her 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 13 November 2025 and were signed on its behalf by
Tanya Logan Director Company Registration No. 11801361
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Milk Diamonds Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Milk Diamonds Ltd is a private company, limited by shares, registered in England and Wales, registration number 11801361. The registered office is 63 Keyford, Frome, BA11 1JT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
20% Straight Line
Computer equipment
20% Straight Line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
893
4,169
2,187
7,249
At 28 February 2025
893
4,169
2,187
7,249
Depreciation
At 1 March 2024
746
417
2,125
3,288
Charge for the year
148
834
61
1,043
At 28 February 2025
894
1,251
2,186
4,331
Net book value
At 28 February 2025
(1)
2,918
1
2,918
At 29 February 2024
147
3,752
62
3,961
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
1,946
1,467
Loans from directors
4,202
4,883
6,148
6,350
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Milk Diamonds Ltd Notes to the Accounts for the year ended 28 February 2025
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 6 -