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
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
The Milk Cart Ltd
Statement of financial position
as at 14 August 2025
Cash at bank and in hand
11,651
-
Creditors: amounts falling due within one year
(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
(910,000)
-
Net liabilities
(194,762)
(13,625)
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
The Milk Cart Ltd
Notes to the Accounts
for the year ended 14 August 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
Additions
13,966
16,334
30,300
At 14 August 2025
13,966
16,334
30,300
Charge for the year
2,793
4,083
6,876
At 14 August 2025
2,793
4,083
6,876
At 14 August 2025
11,173
12,251
23,424
The Milk Cart Ltd
Notes to the Accounts
for the year ended 14 August 2025
5
Investments
Other investments
Valuation at 15 August 2024
-
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.
Amounts falling due within one year
Amounts due from group undertakings etc.
180,930
-
Accrued income and prepayments
6,911
-
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
2,140
Amounts owed to group undertakings and other participating interests
-
1,521
Loans from directors
7,011
8,982
8
Creditors: amounts falling due after more than one year
2025
2024
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).