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REGISTERED NUMBER: 12837137 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Miles Byron Ltd

Miles Byron Ltd (Registered number: 12837137)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Miles Byron Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: R W Whatton
Mrs H M Whatton





REGISTERED OFFICE: 29 Devzies Road
Swindon
SN1 4BG





REGISTERED NUMBER: 12837137 (England and Wales)





ACCOUNTANTS: PPS Chartered Accountants
29 Devizes Road
Swindon
Wiltshire
SN1 4BG

Miles Byron Ltd (Registered number: 12837137)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,566 3,762

CURRENT ASSETS
Debtors 5 59,590 59,165
Cash at bank 29,413 8,814
89,003 67,979
CREDITORS
Amounts falling due within one year 6 82,417 70,443
NET CURRENT ASSETS/(LIABILITIES) 6,586 (2,464 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,152

1,298

PROVISIONS FOR LIABILITIES 1,642 941
NET ASSETS 11,510 357

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 11,408 255
11,510 357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 3 October 2024 and were signed on its behalf by:



R W Whatton - Director


Miles Byron Ltd (Registered number: 12837137)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Miles Byron Ltd 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 - 20% on cost

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

Miles Byron Ltd (Registered number: 12837137)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 September 2023 5,055
Additions 4,396
At 31 August 2024 9,451
DEPRECIATION
At 1 September 2023 1,293
Charge for year 1,592
At 31 August 2024 2,885
NET BOOK VALUE
At 31 August 2024 6,566
At 31 August 2023 3,762

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Other debtors 59,590 59,165

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£ £
Trade creditors 2,266 -
Taxation and social security 77,551 66,229
Other creditors 2,600 4,214
82,417 70,443

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£ £
R W Whatton
Balance outstanding at start of year 43,576 -
Amounts advanced 45,460 83,826
Amounts repaid (45,475 ) (40,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,561 43,576

Miles Byron Ltd (Registered number: 12837137)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs H M Whatton
Balance outstanding at start of year - -
Amounts advanced 45,475 40,250
Amounts repaid (45,475 ) (40,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Miles Byron Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Miles Byron Ltd for the year ended 31 August 2024 which comprise the Income Statement, 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 firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Miles Byron Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Miles Byron Ltd and state those matters that we have agreed to state to the Board of Directors of Miles Byron Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Miles Byron Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Miles Byron Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Miles Byron Ltd. You consider that Miles Byron Ltd 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 financial statements of Miles Byron Ltd. 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 statutory financial statements.






PPS Chartered Accountants
29 Devizes Road
Swindon
Wiltshire
SN1 4BG


3 October 2024