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REGISTERED NUMBER: 04935586 (England and Wales)















MILES SIGNS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






MILES SIGNS LIMITED (REGISTERED NUMBER: 04935586)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


MILES SIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







Directors: S D Miles
Mrs H E Miles





Registered office: Unit 21
Old Surrenden Light Industrial Estate
Old Surrenden Manor
Bethersden
Kent
TN26 3DL





Registered number: 04935586 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

MILES SIGNS LIMITED (REGISTERED NUMBER: 04935586)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 22,306 21,656

Current assets
Stocks 7,599 6,402
Debtors 5 26,261 20,799
Cash at bank 34,580 46,948
68,440 74,149
Creditors
Amounts falling due within one year 6 32,121 32,299
Net current assets 36,319 41,850
Total assets less current liabilities 58,625 63,506

Creditors
Amounts falling due after more than one
year

7

5,052

8,083
Net assets 53,573 55,423

Capital and reserves
Called up share capital 100 100
Retained earnings 53,473 55,323
Shareholders' funds 53,573 55,423

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

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

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 27 August 2024 and were signed on its behalf by:



S D Miles - Director



Mrs H E Miles - Director


MILES SIGNS LIMITED (REGISTERED NUMBER: 04935586)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. Statutory information

Miles Signs 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.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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

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.

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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

MILES SIGNS LIMITED (REGISTERED NUMBER: 04935586)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 January 2023 57,437
Additions 6,208
At 31 December 2023 63,645
Depreciation
At 1 January 2023 35,781
Charge for year 5,558
At 31 December 2023 41,339
Net book value
At 31 December 2023 22,306
At 31 December 2022 21,656

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 26,261 20,799

6. Creditors: amounts falling due within one year
2023 2022
£ £
Hire purchase contracts 3,031 3,031
Trade creditors 3,027 2,629
Taxation and social security 17,780 18,591
Other creditors 8,283 8,048
32,121 32,299

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Hire purchase contracts 5,052 8,083