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REGISTERED NUMBER: 04082133 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CARMILES LIMITED

CARMILES LIMITED (REGISTERED NUMBER: 04082133)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CARMILES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: I Torab
S Torab





SECRETARY: Mark Law Registrars Limited





REGISTERED OFFICE: 1 Manor Road
Hastings
East Sussex
TN34 3LL





REGISTERED NUMBER: 04082133 (England and Wales)





ACCOUNTANTS: Xeinadin
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH

CARMILES LIMITED (REGISTERED NUMBER: 04082133)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,105 9,065

CURRENT ASSETS
Debtors 5 13,503 12,963
Cash at bank and in hand 39,036 17,645
52,539 30,608
CREDITORS
Amounts falling due within one year 6 37,440 27,514
NET CURRENT ASSETS 15,099 3,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,204

12,159

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,202 12,157
23,204 12,159

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 13 December 2024 and were signed on its behalf by:





S Torab - Director


CARMILES LIMITED (REGISTERED NUMBER: 04082133)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Carmiles 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

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 has not been recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. The directors do not believe that this is necessary and accept this accounting treatment does not comply with Financial Reporting Standard 102.

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 12 (2023 - 13 ) .

CARMILES LIMITED (REGISTERED NUMBER: 04082133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 15,540 132,543 148,083
Additions 1,973 1,106 3,079
Disposals (5,402 ) (76,596 ) (81,998 )
At 31 October 2024 12,111 57,053 69,164
DEPRECIATION
At 1 November 2023 15,000 124,018 139,018
Charge for year 589 2,113 2,702
Eliminated on disposal (5,245 ) (75,416 ) (80,661 )
At 31 October 2024 10,344 50,715 61,059
NET BOOK VALUE
At 31 October 2024 1,767 6,338 8,105
At 31 October 2023 540 8,525 9,065

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 2,998 3,213
Other debtors - 135
Directors' current accounts - 410
Prepayments 10,505 9,205
13,503 12,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,357 3,360
Tax 2,779 (3,474 )
Social security and other taxes (612 ) 4,770
VAT 27,186 17,148
Other creditors 301 738
Accrued expenses 5,429 4,972
37,440 27,514

CARMILES LIMITED (REGISTERED NUMBER: 04082133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
I Torab
Balance outstanding at start of year 410 541
Amounts advanced - 180
Amounts repaid (410 ) (311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 410

8. RELATED PARTY DISCLOSURES

During the year, the company maintained contractual arrangements with its holding company and with its director for rent charges that are reviewed on an annual basis and are both on an arms length basis as follows: -
31.10.2024 31.10.2023
£ £
Received management services from Tina's Private Hire Ltd 75,000 120,000
Rented premises from Mr I Torab 16,200 16,200
Vehicle hire charges from Tina's Private Hire Ltd 78,000 72,600

During the year, the company loaned money to its holding company the balance at
year end included in other creditors


2998


3,213

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Tina's Private Hire Ltd by virtue of their beneficial interests in the entire issued share capital of the company.