3 01/01/2023 31/12/2023 2023-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09932672 2023-01-01 2023-12-31 09932672 2023-12-31 09932672 2022-12-31 09932672 2022-01-01 2022-12-31 09932672 2022-12-31 09932672 2021-12-31 09932672 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09932672 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 09932672 core:OnerousContractsExcludingVacantProperties 2023-01-01 2023-12-31 09932672 bus:Director1 2023-01-01 2023-12-31 09932672 core:WithinOneYear 2023-12-31 09932672 core:WithinOneYear 2022-12-31 09932672 core:ShareCapital 2023-12-31 09932672 core:ShareCapital 2022-12-31 09932672 core:RetainedEarningsAccumulatedLosses 2023-12-31 09932672 core:RetainedEarningsAccumulatedLosses 2022-12-31 09932672 bus:SmallEntities 2023-01-01 2023-12-31 09932672 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09932672 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09932672 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09932672 bus:AbridgedAccounts 2023-01-01 2023-12-31 09932672 core:ComputerEquipment 2023-01-01 2023-12-31
Company registration number: 09932672
Miles and Bird Ltd
Unaudited filleted abridged financial statements
31 December 2023
Miles and Bird Ltd
Contents
Abridged statement of financial position
Notes to the financial statements
Miles and Bird Ltd
Abridged statement of financial position
31 December 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 7,127 10,678
_______ _______
7,127 10,678
Current assets
Debtors 68,996 5,703
Cash at bank and in hand 170,548 295,229
_______ _______
239,544 300,932
Creditors: amounts falling due
within one year ( 80,407) ( 94,977)
_______ _______
Net current assets 159,137 205,955
_______ _______
Total assets less current liabilities 166,264 216,633
_______ _______
Net assets 166,264 216,633
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 166,164 216,533
_______ _______
Shareholders funds 166,264 216,633
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 09 September 2024 , and are signed on behalf of the board by:
Mr Andrew James Harpur Miles
Director
Company registration number: 09932672
Miles and Bird Ltd
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 12 Bridge Road, East Molesey, KT8 9HA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 10 % straight line
Fittings fixtures and equipment - 20 % straight line
Computer equipment - 33.33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Staff costs
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
The aggregate payroll costs incurred during the year were:
2023 2022
£ £
Wages and salaries 71,261 62,411
Social security costs 699 -
Other pension costs 1,092 240,722
_______ _______
73,052 303,133
_______ _______
5. Tangible assets
£
Cost
At 1 January 2023 45,275
Additions 479
_______
At 31 December 2023 45,754
_______
Depreciation
At 1 January 2023 34,597
Charge for the year 4,030
_______
At 31 December 2023 38,627
_______
Carrying amount
At 31 December 2023 7,127
_______
At 31 December 2022 10,678
_______