Registered number
07464847
Miles Better Design Limited
Filleted Accounts
30 November 2023
Miles Better Design Limited Registered number
Balance Sheet 07464847
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 404 539
Current assets
Debtors 4 6,000 8,424
Cash at bank and in hand 37 79
6,037 8,503
Creditors: amounts falling due within one year 5 (1,352) (1,365)
Net current assets 4,685 7,138
Net assets 5,089 7,677
Capital and reserves
Called up share capital 4 4
Profit and loss account 5,085 7,673
Shareholders' funds 5,089 7,677
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Miles
Director
Approved by the board on 20 August 2024
Miles Better Design Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation. Depreciation has been provided at the following rate to write off the assets over their estimated useful lives:
Equipment - 25% p.a. on the reducing balance basis
2 Employees 2023 2022
Number Number
Average number of employees and company officers 2 2
3 Tangible fixed assets
Equipment
£
Cost
At 1 December 2022 2,798
At 30 November 2023 2,798
Depreciation
At 1 December 2022 2,259
Charge for the year 135
At 30 November 2023 2,394
Net book value
At 30 November 2023 404
At 30 November 2022 539
4 Debtors 2023 2022
£ £
Loan to director - 2,300
Other debtors 6,000 6,124
6,000 8,424
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 597 600
Other taxes - 465
Other creditors 755 300
1,352 1,365
6 Loan to director
B/fwd Paid Repaid C/fwd
£ £ £ £
B Miles
Amounts advanced 2,300 - (2,300) -
The loan was advanced on an interest-free basis.
7 Controlling parties
At 30 November 2023 the company was controlled by the director and his wife, who between them owned the company's entire issued share capital.
8 Other information
Miles Better Design Limited is a private company limited by shares and incorporated in England. Its registered office is 1 Britten Close, Langdon Hills, Basildon, Essex SS16 6TB.
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