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REGISTERED NUMBER: 04487604 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30th November 2022

for

A.M. Miles Limited
Trading as
AMM Bookkeeping & Accountancy

A.M. Miles Limited (Registered number: 04487604)
Trading as AMM Bookkeeping & Accountancy






Contents of the Financial Statements
for the Year Ended 30th November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.M. Miles Limited
Trading as AMM Bookkeeping & Accountancy

Company Information
for the Year Ended 30th November 2022







DIRECTOR: Miss A Miles





SECRETARY: Miss S Thomas





REGISTERED OFFICE: C/O AMM
4 Longlands
West End Gardens
Fairford
Gloucestershire
GL7 4LG





REGISTERED NUMBER: 04487604 (England and Wales)





ACCOUNTANTS: AMM Bookkeeping & Accountancy
4 Longlands
West End Gardens
Fairford
Gloucestershire
GL7 4LG

A.M. Miles Limited (Registered number: 04487604)
Trading as AMM Bookkeeping & Accountancy

Balance Sheet
30th November 2022

30.11.22 30.11.21
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,580 1,776
2,580 1,776

CURRENT ASSETS
Stocks 9,054 10,042
Debtors 6 26,689 40,244
Prepayments and accrued income 2,448 2,409
Cash at bank and in hand 2,387 1,797
40,578 54,492
CREDITORS
Amounts falling due within one year 7 (47,975 ) (37,118 )
NET CURRENT (LIABILITIES)/ASSETS (7,397 ) 17,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,817

)

19,150

CREDITORS
Amounts falling due after more than one year 8 (22,326 ) (25,042 )
NET LIABILITIES (27,143 ) (5,892 )

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings (27,643 ) (6,392 )
SHAREHOLDERS' FUNDS (27,143 ) (5,892 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

A.M. Miles Limited (Registered number: 04487604)
Trading as AMM Bookkeeping & Accountancy

Balance Sheet - continued
30th November 2022


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 director and authorised for issue on 21st October 2023 and were signed by:





Miss A Miles - Director


A.M. Miles Limited (Registered number: 04487604)
Trading as AMM Bookkeeping & Accountancy

Notes to the Financial Statements
for the Year Ended 30th November 2022

1. STATUTORY INFORMATION

A.M. Miles 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture - 20% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


A.M. Miles Limited (Registered number: 04487604)
Trading as AMM Bookkeeping & Accountancy

Notes to the Financial Statements - continued
for the Year Ended 30th November 2022

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2021
and 30th November 2022 10,000
AMORTISATION
At 1st December 2021
and 30th November 2022 10,000
NET BOOK VALUE
At 30th November 2022 -
At 30th November 2021 -

A.M. Miles Limited (Registered number: 04487604)
Trading as AMM Bookkeeping & Accountancy

Notes to the Financial Statements - continued
for the Year Ended 30th November 2022

5. TANGIBLE FIXED ASSETS
Office Office
furniture equipment Totals
£    £    £   
COST
At 1st December 2021 1,997 10,321 12,318
Additions 35 1,661 1,696
At 30th November 2022 2,032 11,982 14,014
DEPRECIATION
At 1st December 2021 1,392 9,150 10,542
Charge for year 132 760 892
At 30th November 2022 1,524 9,910 11,434
NET BOOK VALUE
At 30th November 2022 508 2,072 2,580
At 30th November 2021 605 1,171 1,776

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade debtors 23,937 37,108
Other debtors 2,752 3,136
26,689 40,244

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Bank loans and overdrafts 3,754 565
Trade creditors 15,094 7,981
Taxation and social security 24,713 24,692
Other creditors 4,414 3,880
47,975 37,118

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.22 30.11.21
£    £   
Bank loans 21,694 24,222
Other creditors 632 820
22,326 25,042

A.M. Miles Limited (Registered number: 04487604)
Trading as AMM Bookkeeping & Accountancy

Notes to the Financial Statements - continued
for the Year Ended 30th November 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.22 30.11.21
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,052 7,793

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2022 and 30th November 2021:

30.11.22 30.11.21
£    £   
Miss A Miles
Balance outstanding at start of year 2,854 (4,996 )
Amounts advanced 4,103 8,737
Amounts repaid (4,205 ) (887 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,752 2,854