1 January 2025 v2026.17.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP054293292025-01-012025-12-31054293292025-12-31054293292024-12-3105429329core:WithinOneYear2025-12-3105429329core:WithinOneYear2024-12-3105429329core:AfterOneYear2025-12-3105429329core:AfterOneYear2024-12-3105429329core:ShareCapital2025-12-3105429329core:ShareCapital2024-12-3105429329core:RetainedEarningsAccumulatedLosses2025-12-3105429329core:RetainedEarningsAccumulatedLosses2024-12-3105429329bus:Director12025-01-012025-12-3105429329bus:RegisteredOffice2025-01-012025-12-3105429329core:NetGoodwill2025-01-012025-12-3105429329core:Goodwill2025-01-012025-12-3105429329core:PlantMachinery2025-01-012025-12-3105429329core:FurnitureFittings2025-01-012025-12-3105429329core:OfficeEquipment2025-01-012025-12-3105429329core:MotorVehicles2025-01-012025-12-31054293292024-05-012024-12-31054293292025-01-010542932912025-01-012025-12-3105429329countries:EnglandWales2025-01-012025-12-3105429329bus:AuditExempt-NoAccountantsReport2025-01-012025-12-3105429329bus:PrivateLimitedCompanyLtd2025-01-012025-12-3105429329bus:SmallEntities2025-01-012025-12-3105429329bus:AbridgedAccounts2025-01-012025-12-31
Company registration number:
05429329
Milray Limited
Unaudited Filleted Abridged Financial Statements for the year ended
31 December 2025
Milray Limited
Abridged Statement of Financial Position
31 December 2025
20252024
Note££
Fixed assets    
Tangible assets 5
15,631
 
21,921
 
Current assets    
Debtors
58,299
 
385,986
 
Cash at bank and in hand
304,311
 
30,935
 
362,610
 
416,921
 
Creditors: amounts falling due within one year
(206,761
 )
(235,474
 )
Net current assets
155,849
 
181,447
 
Total assets less current liabilities 171,480   203,368  
Creditors: amounts falling due after more than one year
(200,000
 )
(408,076
 )
Net liabilities
(28,520
 )
(204,708
 )
Capital and reserves    
Called up share capital
200
 
200
 
Profit and loss account
(28,720
 )
(204,908
 )
Shareholders deficit
(28,520
 )
(204,708
 )
For the year ending
31 December 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 December 2025
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
11 May 2026
, and are signed on behalf of the board by:
C Mitchell
Director
Company registration number:
05429329
Milray Limited
Notes to the Abridged Financial Statements
Year ended
31 December 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
46-50 Streatham Hill Streatham
,
London
,
SW2 4RD
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
25% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% Reducing line balance
Fixtures and fittings
25% Reducing balance
Office equipment
25% straight line
Motor vehicles
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
10
(2024:
12.00
).

5 Fixed assets

Intangible assetsTangible assetsTotal
£££
Cost      
At
1 January 2025
30,000
 
157,283
  187,283  
Additions -  
4,561
  4,561  
At
31 December 2025
30,000
 
161,844
  191,844  
Amortisation and depreciation      
At
1 January 2025
30,000
 
135,362
  165,362  
Charge -  
10,851
  10,851  
At
31 December 2025
30,000
 
146,213
  176,213  
Carrying amount      
At
31 December 2025
 -  
15,631
 
15,631
 
At 31 December 2024 -  
21,921
 
21,921