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Registered number: 10942847
Loney Miller Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Loney Miller Limited For The Year Ended 30 September 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Loney Miller Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Loney Miller Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Loney Miller Limited and state those matters that we have agreed to state to the directors of Loney Miller Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Loney Miller Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Loney Miller Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Loney Miller Limited . You consider that Loney Miller Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Loney Miller Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
12 April 2024
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Page 1
Page 2
Balance Sheet
Registered number: 10942847
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 104,194 5,310
104,194 5,310
CURRENT ASSETS
Debtors 5 120,846 101,167
Cash at bank and in hand 1,027,936 1,107,572
1,148,782 1,208,739
Creditors: Amounts Falling Due Within One Year 6 (393,158 ) (302,374 )
NET CURRENT ASSETS (LIABILITIES) 755,624 906,365
TOTAL ASSETS LESS CURRENT LIABILITIES 859,818 911,675
Creditors: Amounts Falling Due After More Than One Year 7 (17,624 ) (27,434 )
NET ASSETS 842,194 884,241
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 842,193 884,240
SHAREHOLDERS' FUNDS 842,194 884,241
Page 2
Page 3
For the year ending 30 September 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Loney
Director
12 April 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Loney Miller Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10942847 . The registered office is 2 Replingham Road, Southfields, London, SW18 5LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% straight line basis
Fixtures & Fittings 20% straight line basis
Computer Equipment 33.33% straight line basis
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 7)
9 7
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2022 - 7,152 16,782 23,934
Additions 89,162 8,192 7,444 104,798
As at 30 September 2023 89,162 15,344 24,226 128,732
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 October 2022 - 4,628 13,996 18,624
Provided during the period 1,486 1,705 2,723 5,914
As at 30 September 2023 1,486 6,333 16,719 24,538
Net Book Value
As at 30 September 2023 87,676 9,011 7,507 104,194
As at 1 October 2022 - 2,524 2,786 5,310
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 99,504 93,204
Prepayments and accrued income 21,342 5,437
Other taxes and social security - 2,526
120,846 101,167
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 25,882 15,111
Bank loans and overdrafts 10,648 10,648
Corporation tax 145,192 139,181
Other taxes and social security 17,503 -
VAT 67,642 85,087
Other creditors 85,730 35,675
Pension creditors 1,407 937
Accruals and deferred income 26,525 11,309
Directors' loan accounts 12,629 4,426
393,158 302,374
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 17,624 27,434
17,624 27,434
Page 5
Page 6
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 6