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Company Registration No. 13464680 (England and Wales)
MILK & WATER LTD Unaudited accounts for the year ended 30 June 2025
MILK & WATER LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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MILK & WATER LTD Company Information for the year ended 30 June 2025
Directors
Mr S Widnridge Mrs K Windridge Mr D Joseph
Secretary
Mr S Windridge
Company Number
13464680 (England and Wales)
Registered Office
71-75 SHELTON STREET LONDON GREATER LONDON WC2H 9JQ UNITED KINGDOM
Accountants
Xoba Limited 26 Landsmoor Drive Longton Preston Lancashire PR4 5PE
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MILK & WATER LTD for the year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MILK & WATER LTD for the year ended 30 June 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of MILK & WATER LTD, as a body, in accordance with the terms of our engagement letter dated 8 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of MILK & WATER LTD and state those matters that we have agreed to state to the Board of Directors of MILK & WATER LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MILK & WATER LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MILK & WATER LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MILK & WATER LTD. You consider that MILK & WATER LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MILK & WATER LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Xoba Limited Chartered Accountants 26 Landsmoor Drive Longton Preston Lancashire PR4 5PE 12 May 2026
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MILK & WATER LTD Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
30,139
34,660
Current assets
Inventories
5,000
20,000
Debtors
5
430,623
157,821
Cash at bank and in hand
8,305
287,687
443,928
465,508
Creditors: amounts falling due within one year
6
(53,156)
(82,459)
Net current assets
390,772
383,049
Total assets less current liabilities
420,911
417,709
Creditors: amounts falling due after more than one year
7
(110,000)
(110,000)
Net assets
310,911
307,709
Capital and reserves
Called up share capital
168
168
Share premium
549,931
549,931
Profit and loss account
(239,188)
(242,390)
Shareholders' funds
310,911
307,709
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by
Mr S Widnridge Director Company Registration No. 13464680
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MILK & WATER LTD Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
MILK & WATER LTD is a private company, limited by shares, registered in England and Wales, registration number 13464680. The registered office is 71-75 SHELTON STREET, LONDON, GREATER LONDON, WC2H 9JQ, UNITED KINGDOM.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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MILK & WATER LTD Notes to the Accounts for the year ended 30 June 2025
4
Intangible fixed assets
Other
£
Cost
At 1 July 2024
45,208
At 30 June 2025
45,208
Amortisation
At 1 July 2024
10,548
Charge for the year
4,521
At 30 June 2025
15,069
Net book value
At 30 June 2025
30,139
At 30 June 2024
34,660
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
430,623
157,821
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
7,102
Loans from directors
51,416
74,277
Accruals
1,740
1,080
53,156
82,459
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
110,000
110,000
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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