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REGISTERED NUMBER: 04773901 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

DAVID MILES ASSOCIATES LIMITED

DAVID MILES ASSOCIATES LIMITED (REGISTERED NUMBER: 04773901)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID MILES ASSOCIATES LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: Mrs K Beaumont
C Beaumont





SECRETARY: Mrs K Beaumont





REGISTERED OFFICE: Pear Tree Cottage
Vicarage Road
Stoneleigh
Warwickshire
CV8 3DH





REGISTERED NUMBER: 04773901 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

DAVID MILES ASSOCIATES LIMITED (REGISTERED NUMBER: 04773901)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 237,331 242,764

CURRENT ASSETS
Debtors 5 21,469 60,889
Cash at bank and in hand 81,933 53,928
103,402 114,817
CREDITORS
Amounts falling due within one year 6 107,942 100,293
NET CURRENT (LIABILITIES)/ASSETS (4,540 ) 14,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,791

257,288

CREDITORS
Amounts falling due after more than one
year

7

(91,721

)

(118,308

)

PROVISIONS FOR LIABILITIES (1,058 ) (1,220 )
NET ASSETS 140,012 137,760

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 139,910 137,658
SHAREHOLDERS' FUNDS 140,012 137,760

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

DAVID MILES ASSOCIATES LIMITED (REGISTERED NUMBER: 04773901)

BALANCE SHEET - continued
31 May 2023


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

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 29 September 2023 and were signed on its behalf by:





C Beaumont - Director


DAVID MILES ASSOCIATES LIMITED (REGISTERED NUMBER: 04773901)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

David Miles Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

DAVID MILES ASSOCIATES LIMITED (REGISTERED NUMBER: 04773901)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 228,880 89,955 318,835
Additions - 3,181 3,181
At 31 May 2023 228,880 93,136 322,016
DEPRECIATION
At 1 June 2022 27,468 48,603 76,071
Charge for year 4,578 4,036 8,614
At 31 May 2023 32,046 52,639 84,685
NET BOOK VALUE
At 31 May 2023 196,834 40,497 237,331
At 31 May 2022 201,412 41,352 242,764

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,640 58,794
Other debtors 829 2,095
21,469 60,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,400 38,400
Trade creditors 7,465 2,922
Taxation and social security 65,177 55,685
Other creditors 4,900 3,286
107,942 100,293

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 91,721 118,308

DAVID MILES ASSOCIATES LIMITED (REGISTERED NUMBER: 04773901)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
Mrs K Beaumont and C Beaumont
Balance outstanding at start of year 1,581 1,529
Amounts advanced - 52
Amounts repaid (1,581 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,581

9. RELATED PARTY DISCLOSURES

At 31 May 2023 other creditors included loans made to the company by the directors of £186 (2022: £nil). The loans are interest free and have no fixed date for repayment.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr C Beaumont and Mrs K Beaumont (Directors).