Registration number: 11000294

Ml Living (Uk) Ltd

trading as M L Living (UK) Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Ml Living (Uk) Ltd

trading as M L Living (UK) Ltd

Company Information

Director

Matthew Lord

Company secretary

Sarah Lord

Registered office

20 Old Bond Street Bath BA1 1BP

Accountants

King Street Accounts 1ST Floor Victory House The Sidings Whalley BB7 9SE

Ml Living (Uk) Ltd

trading as M L Living (UK) Ltd

(Registration number: 11000294)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	31,408	48,382
Current assets
Stocks	6	37,000	49,826
Debtors	7	70,545	47,781
Cash at bank and in hand		192,061	156,521
		299,606	254,128
Creditors: Amounts falling due within one year	8	(93,129)	(77,517)
Net current assets		206,477	176,611
Total assets less current liabilities		237,885	224,993
Creditors: Amounts falling due after more than one year	8	-	(4,167)
Net assets		237,885	220,826
Capital and reserves
Called up share capital	9	100	100
Retained earnings		237,785	220,726
Shareholders' funds		237,885	220,826

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 May 2026
 

Ml Living (Uk) Ltd

trading as M L Living (UK) Ltd

(Registration number: 11000294)
Balance Sheet as at 31 December 2025

......................................... Matthew Lord Director

Ml Living (Uk) Ltd

trading as M L Living (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
20 Old Bond Street
Bath
BA1 1BP
England

These financial statements were authorised for issue by the director on 8 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Ml Living (Uk) Ltd

trading as M L Living (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	25% of cost
Fixtures & Fittings	25% of cost
Office equipment	25% of cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% of cost
Internally generated software development cost	10% of cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Ml Living (Uk) Ltd

trading as M L Living (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Ml Living (Uk) Ltd

trading as M L Living (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 4).

Ml Living (Uk) Ltd

trading as M L Living (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Goodwill  £	Internally generated software development costs  £	Total £
Cost or valuation
At 1 January 2025	150,000	19,738	169,738
At 31 December 2025	150,000	19,738	169,738
Amortisation
At 1 January 2025	108,750	12,606	121,356
Amortisation charge	15,000	1,974	16,974
At 31 December 2025	123,750	14,580	138,330
Carrying amount
At 31 December 2025	26,250	5,158	31,408
At 31 December 2024	41,250	7,132	48,382

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 January 2025	741	8,472	11,361	20,574
At 31 December 2025	741	8,472	11,361	20,574
Depreciation
At 1 January 2025	741	8,472	11,361	20,574
At 31 December 2025	741	8,472	11,361	20,574
Carrying amount
At 31 December 2025	-	-	-	-

Ml Living (Uk) Ltd

trading as M L Living (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Stocks

	2025 £	2024 £
Other inventories	37,000	49,826

7

Debtors

Current	2025 £	2024 £
Trade debtors	53,895	37,814
Other debtors	16,650	9,967
	70,545	47,781

Ml Living (Uk) Ltd

trading as M L Living (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	4,167	10,000
Trade creditors		10,726	1,403
Taxation and social security		60,469	49,665
Accruals and deferred income		9,469	10,869
Other creditors		8,298	5,580
		93,129	77,517

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	-	4,167

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	50	50	50	50
Ordinary B Shares of £1 each	50	50	50	50
	100	100	100	100

Ml Living (Uk) Ltd

trading as M L Living (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	4,167

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	4,167	10,000

11

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £710.00 (2024 - £680.00) per each Ordinary £1 Shares		35,500		34,000
Interim dividend of £710.00 (2024 - £680.00) per each Ordinary £1 B Shares		35,500		34,000
		71,000		68,000

12	Related party transactions

The amount owed by the Director at the balance sheet date was £12,667 , (£9,350 owed by the Director as at 31 December 2024 ).
This balance was repaid in full in April 2026 .