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Registered number: 10942847
Loney Miller Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Loney Miller Limited For The Year Ended 30 September 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Loney Miller Limited which comprise the Profit and Loss Account, the 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 of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Loney Miller Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Loney Miller Limited and state those matters that we have agreed to state to the directors of Loney Miller Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Loney Miller Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Loney Miller Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Loney Miller Limited . You consider that Loney Miller Limited 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 accounts of Loney Miller Limited . 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 financial statements.
Signed
15 May 2025
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Page 1
Page 2
Balance Sheet
Registered number: 10942847
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 84,449 104,194
84,449 104,194
CURRENT ASSETS
Debtors 5 416,441 120,846
Cash at bank and in hand 545,300 1,027,936
961,741 1,148,782
Creditors: Amounts Falling Due Within One Year 6 (326,541 ) (393,158 )
NET CURRENT ASSETS (LIABILITIES) 635,200 755,624
TOTAL ASSETS LESS CURRENT LIABILITIES 719,649 859,818
Creditors: Amounts Falling Due After More Than One Year 7 (7,567 ) (17,624 )
NET ASSETS 712,082 842,194
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 712,081 842,193
SHAREHOLDERS' FUNDS 712,082 842,194
Page 2
Page 3
For the year ending 30 September 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Loney
Director
15 May 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Loney Miller Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10942847 . The registered office is 2 Replingham Road, Southfields, London, SW18 5LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% straight line basis
Fixtures & Fittings 20% straight line basis
Computer Equipment 33.33% straight line basis
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 9)
9 9
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 89,162 15,344 24,226 128,732
Additions 4,566 - - 4,566
As at 30 September 2024 93,728 15,344 24,226 133,298
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 October 2023 1,486 6,333 16,719 24,538
Provided during the period 18,517 2,364 3,430 24,311
As at 30 September 2024 20,003 8,697 20,149 48,849
Net Book Value
As at 30 September 2024 73,725 6,647 4,077 84,449
As at 1 October 2023 87,676 9,011 7,507 104,194
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 144,011 99,504
Prepayments and accrued income 561 21,342
Loney Miller Holdings Ltd - Loan Account 271,869 -
416,441 120,846
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,445 25,882
Bank loans and overdrafts 10,648 10,648
Corporation tax 135,386 145,192
Other taxes and social security 366 17,503
VAT 75,430 67,642
Other creditors 62,910 85,730
Pension creditors 1,536 1,407
Accruals and deferred income 22,875 26,525
Directors' loan accounts 6,945 12,629
326,541 393,158
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,567 17,624
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5