Miles Retail Ltd Company accounts

COMPANY REGISTRATION NUMBER: 08862062

Miles Retail Ltd

Unaudited Financial Statements

31 January 2025

Miles Retail Ltd

Financial Statements

Year ended 31 January 2025

Contents	Page

Officers and professional advisers	1

Director's report	2

Statement of comprehensive income	3

Statement of financial position	4

Statement of changes in equity	6

Notes to the financial statements	7

Miles Retail Ltd

Officers and Professional Advisers

Director	Mrs Vijayalakshmi MARUTHAN

Registered office	47 High Street
	Kempston
	Bedford
	MK42 7BT

Accountants	JR & Company (GB) LTD
	Chartered Certified Accountants
	236 Imperial Drive
	Rayners Lane
	Harrow
	Middlesex
	United Kingdom
	HA2 7HJ

Miles Retail Ltd

Director's Report

Year ended 31 January 2025

The director presents her report and the unaudited financial statements of the company for the year ended 31 January 2025 .

Director

The director who served the company during the year was as follows:

Mrs Vijayalakshmi MARUTHAN

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 1 October 2025 and signed on behalf of the board by:

Mrs Vijayalakshmi MARUTHAN
Director

Registered office:

47 High Street

Kempston

Bedford

MK42 7BT

Miles Retail Ltd

Statement of Comprehensive Income

Year ended 31 January 2025

	2025	2024
Note	£	£
Turnover	27,061,243	14,019,522

Cost of sales	24,405,024	12,505,415
	-------------	-------------
Gross profit	2,656,219	1,514,107

Administrative expenses	2,202,603	1,315,203
Other operating income	400,000	295,300
	------------	------------
Operating profit	853,616	494,204

Interest payable and similar expenses		326,678	155,136
		------------	------------
Profit before taxation	4	526,938	339,068

Tax on profit	155,713	99,164
	---------	---------
Profit for the financial year and total comprehensive income	371,225	239,904
	---------	---------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Miles Retail Ltd

Statement of Financial Position

31 January 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	483,719	589,902

Current assets

Stocks		630,100	275,112
Debtors	6	1,855,727	232,402
Cash at bank and in hand		30,399	8,003
		------------	---------
		2,516,226	515,517

Creditors: amounts falling due within one year	7	567,890	310,442
		------------	---------
Net current assets		1,948,336	205,075
		------------	---------
Total assets less current liabilities		2,432,055	794,977

Creditors: amounts falling due after more than one year	8	1,455,753	190,000
		------------	---------
Net assets		976,302	604,977
		------------	---------

Capital and reserves

Called up share capital	200	100
Profit and loss account	976,102	604,877
	---------	---------
Shareholders funds	976,302	604,977
	---------	---------

These financial statements have been prepared 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'.

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Miles Retail Ltd

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 1 October 2025 , and are signed on behalf of the board by:

Mrs Vijayalakshmi MARUTHAN
Director

Company registration number: 08862062

Miles Retail Ltd

Statement of Changes in Equity

Year ended 31 January 2025

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 February 2023	100	364,973	365,073

Profit for the year		239,904	239,904
	----	---------	---------
Total comprehensive income for the year	–	239,904	239,904

At 31 January 2024	100	604,877	604,977

Profit for the year		371,225	371,225
	----	---------	---------
Total comprehensive income for the year	–	371,225	371,225

Issue of shares	100	–	100
	----	----	----
Total investments by and distributions to owners	100	–	100

	----	---------	---------
At 31 January 2025	200	976,102	976,302
	----	---------	---------

Miles Retail Ltd

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 47 High Street, Kempston, Bedford, MK42 7BT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Revenue recognition

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.

Tangible assets

Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	106,183	86,125
	---------	--------

5. Tangible assets

	Plant and machinery
	£
Cost
At 1 February 2024 and 31 January 2025	881,259
	---------
Depreciation
At 1 February 2024	291,357
Charge for the year	106,183
	---------
At 31 January 2025	397,540
	---------
Carrying amount
At 31 January 2025	483,719
	---------
At 31 January 2024	589,902
	---------

6. Debtors

	2025	2024
	£	£
Other debtors	1,855,727	232,402
	------------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	399,995	206,007
Corporation tax	155,713	99,165
Social security and other taxes	12,182	5,270
	---------	---------
	567,890	310,442
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,421,000	190,000
Other creditors	34,753	–
	------------	---------
	1,455,753	190,000
	------------	---------

9. Director's advances, credits and guarantees