Company Registration No. 2478198 (England and Wales)
Michael Miles Limited
Unaudited accounts
for the year ended 31 March 2025
Michael Miles Limited
Unaudited accounts
Contents
Michael Miles Limited
Company Information
for the year ended 31 March 2025
Directors
D R Lucas
S Lucas
W Miles
Company Number
2478198 (England and Wales)
Registered Office
Badgers Holt
Friesthorpe Road
Buslingthorpe
Lincolnshire
LN3 5AQ
Michael Miles Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
19,223
36,795
Creditors: amounts falling due within one year
(2,975)
(11,726)
Net current assets
16,248
25,069
Called up share capital
6
6
Profit and loss account
16,243
25,064
Shareholders' funds
16,249
25,070
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 April 2025 and were signed on its behalf by
D R Lucas
Director
Company Registration No. 2478198
Michael Miles Limited
Notes to the Accounts
for the year ended 31 March 2025
Michael Miles Limited is a private company, limited by shares, registered in England and Wales, registration number 2478198. The registered office is Badgers Holt, Friesthorpe Road, Buslingthorpe, Lincolnshire, LN3 5AQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Michael Miles Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Other
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
1,450
3,626
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
4 Ordinary B Shares of £1 each
4
4
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).