Milk Education Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09474814 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

MILK EDUCATION LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G L Walsh

SECRETARY:

Mr G L Walsh

REGISTERED OFFICE:

The Plaza

100 Old Hall Street

Liverpool

L3 9QJ

REGISTERED NUMBER:

09474814 (England and Wales)

ACCOUNTANTS:

R Pau & Co Limited

Chartered Certified Accountants

12-16 Station Street East

Coventry

West Midlands

CV6 5FJ

BANKERS:

HSBC BANK PLC

47 East Gate Street

Chester

CH1 1XW

FIXED ASSETS

Tangible assets

3

213,794

19,813

CURRENT ASSETS

Debtors

2,597,936

1,600,575

Cash at bank and in hand

274,352

22,697

2,872,288

1,623,272

CREDITORS

Amounts falling due within one year

2,452,874

1,459,745

NET CURRENT ASSETS

419,414

163,527

TOTAL ASSETS LESS CURRENT LIABILITIES

633,208

183,340

CREDITORS

Amounts falling due after more than one year

287,927

102,606

NET ASSETS

345,281

80,734

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

345,179

80,632

SHAREHOLDERS' FUNDS

345,281

80,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd May 2024 and were signed on its behalf by:

Mr G L Walsh - Director

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2022 - 38 ) .

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2023

27,703

Additions

203,230

At 31st December 2023

230,933

DEPRECIATION

At 1st January 2023

7,890

Charge for year

9,249

At 31st December 2023

17,139

NET BOOK VALUE

At 31st December 2023

213,794

At 31st December 2022

19,813