Company Registration No. 12060037 (England and Wales)
MILANA FASHIONS LTD
Unaudited accounts
for the year ended 30 June 2023
MILANA FASHIONS LTD
Unaudited accounts
Contents
MILANA FASHIONS LTD
Company Information
for the year ended 30 June 2023
Company Number
12060037 (England and Wales)
Registered Office
7 PARK SQUARE
NEWPORT
GWENT
NP20 4EL
UNITED KINGDOM
Accountants
XEN ACCOUNTANTS LTD
102 A COMMERCIAL STREET
NEWPORT
NP20 1LU
MILANA FASHIONS LTD
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
13,292
Creditors: amounts falling due within one year
(128,040)
Net current liabilities
(17,434)
Total assets less current liabilities
23,158
Creditors: amounts falling due after more than one year
(27,982)
Called up share capital
100
Profit and loss account
(4,924)
Shareholders' funds
(4,824)
For the year ending 30 June 2023 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 director acknowledges her 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 and authorised for issue on 20 March 2024 and were signed on its behalf by
ALAM, Fatima
Director
Company Registration No. 12060037
MILANA FASHIONS LTD
Notes to the Accounts
for the year ended 30 June 2023
MILANA FASHIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12060037. The registered office is 7 PARK SQUARE, NEWPORT, GWENT, NP20 4EL, 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 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:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
15% Straight Line
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.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
-
25,000
25,000
At 30 June 2023
35,990
25,000
60,990
At 1 July 2022
-
11,250
11,250
Charge for the year
5,398
3,750
9,148
At 30 June 2023
5,398
15,000
20,398
At 30 June 2023
30,592
10,000
40,592
MILANA FASHIONS LTD
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
9,327
7
Creditors: amounts falling due after more than one year
2023
8
Average number of employees
During the year the average number of employees was 9.