15 August 2024 false No description of principal activity Taxfiler 2024.6 true 12480845 business:PrivateLimitedCompanyLtd 2024-08-15 2025-08-14 12480845 2024-08-14 12480845 2024-08-15 2025-08-14 12480845 business:AuditExemptWithAccountantsReport 2024-08-15 2025-08-14 12480845 business:FilletedAccounts 2024-08-15 2025-08-14 12480845 2025-08-14 12480845 business:Director1 2024-08-15 2025-08-14 12480845 business:Director2 2024-08-15 2025-08-14 12480845 business:RegisteredOffice 2024-08-15 2025-08-14 12480845 2024-08-14 12480845 core:WithinOneYear 2025-08-14 12480845 core:WithinOneYear 2024-08-14 12480845 core:AfterOneYear 2025-08-14 12480845 core:AfterOneYear 2024-08-14 12480845 core:ShareCapital core:PreviouslyStatedAmount 2025-08-14 12480845 core:ShareCapital core:PreviouslyStatedAmount 2024-08-14 12480845 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-08-14 12480845 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-08-14 12480845 core:PreviouslyStatedAmount 2025-08-14 12480845 core:PreviouslyStatedAmount 2024-08-14 12480845 business:SmallEntities 2024-08-15 2025-08-14 12480845 countries:EnglandWales 2024-08-15 2025-08-14 12480845 core:PlantMachinery 2024-08-15 2025-08-14 12480845 core:MotorVehicles 2024-08-15 2025-08-14 12480845 core:PlantMachinery 2024-08-14 12480845 core:MotorVehicles 2024-08-14 12480845 core:PlantMachinery 2025-08-14 12480845 core:MotorVehicles 2025-08-14 12480845 core:AdditionsToInvestments 2025-08-14 12480845 core:AfterOneYear 2024-08-15 2025-08-14 12480845 2023-03-01 2024-08-14 iso4217:GBP xbrli:pure
Company Registration No. 12480845 (England and Wales)
The Milk Cart Ltd Unaudited accounts for the year ended 14 August 2025
The Milk Cart Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
The Milk Cart Ltd Company Information for the year ended 14 August 2025
Directors
Sharon Claydon Robert Mark Squire
Company Number
12480845 (England and Wales)
Registered Office
Servis Farm Torrington EX38 8JB United Kingdom
Accountants
EllamWalker Accountants Ltd
- 3 -
The Milk Cart Ltd Statement of financial position as at 14 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
23,424
-
Investments
5
500,000
-
523,424
-
Current assets
Debtors
6
190,821
518
Cash at bank and in hand
11,651
-
202,472
518
Creditors: amounts falling due within one year
7
(10,658)
(14,143)
Net current assets/(liabilities)
191,814
(13,625)
Total assets less current liabilities
715,238
(13,625)
Creditors: amounts falling due after more than one year
8
(910,000)
-
Net liabilities
(194,762)
(13,625)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(194,862)
(13,725)
Shareholders' funds
(194,762)
(13,625)
For the year ending 14 August 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 14 August 2026 and were signed on its behalf by
Sharon Claydon Director Company Registration No. 12480845
- 4 -
The Milk Cart Ltd Notes to the Accounts for the year ended 14 August 2025
1
Statutory information
The Milk Cart Ltd is a private company, limited by shares, registered in England and Wales, registration number 12480845. The registered office is Servis Farm, Torrington, EX38 8JB, 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.
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% Reducing Balance
Motor vehicles
25% Reducing Balance
Going concern
The financial statements have been prepared on a going concern basis. The directors have considered the company’s financial position, together with its forecasts and projections, and have taken into account the availability of banking facilities and the continued support of the directors. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 15 August 2024
-
-
-
Additions
13,966
16,334
30,300
At 14 August 2025
13,966
16,334
30,300
Depreciation
Charge for the year
2,793
4,083
6,876
At 14 August 2025
2,793
4,083
6,876
Net book value
At 14 August 2025
11,173
12,251
23,424
- 5 -
The Milk Cart Ltd Notes to the Accounts for the year ended 14 August 2025
5
Investments
Other investments
£
Valuation at 15 August 2024
-
Additions
500,000
Valuation at 14 August 2025
500,000
The company is a corporate partner in RM & MW Squire Partnership and participates in the trading profits and net assets of the partnership. At the balance sheet date the company's capital and current account balance within the partnership amounted to £680,930. Borrowings were undertaken by the company to finance the acquisition of its partnership interest and the related interest costs and professional fees are included with interest payable and professional fees expenses.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
518
Trade debtors
2,980
-
Amounts due from group undertakings etc.
180,930
-
Accrued income and prepayments
6,911
-
190,821
518
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
2,140
VAT
647
-
Amounts owed to group undertakings and other participating interests
-
1,521
Loans from directors
7,011
8,982
Accruals
3,000
1,500
10,658
14,143
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
910,000
-
The bank loan relates to the partnership investment.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -