Miles-Ash Limited - Filleted accounts

Registered number

NI003296

Miles-Ash Limited

Filleted Accounts

31 March 2025

Miles-Ash Limited
Registered number:		NI003296
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		11,905			16,782
			11,905			16,782

Current assets
Stocks		365,038			101,666
Debtors	4	113,650			63,921
Cash at bank and in hand		5,007			23,038
		483,695			188,625

Creditors: amounts falling due within one year	5	(566,951)			(53,657)

Net current (liabilities)/assets			(83,256)			134,968

Total assets less current liabilities			(71,351)			151,750


Net (liabilities)/assets			(71,351)			151,750

Capital and reserves
Called up share capital			25,000			25,000
Profit and loss account			(96,351)			126,750

Shareholders' funds			(71,351)			151,750

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




G Chambers
Director
Approved by the board on 30 September 2025

Miles-Ash Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover comprises the invoiced value of services and goods supplied by the Company to external customers, net of Value Added Tax.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles			25 % straight line
	Plant and machinery			15% straight line
	Fixtures, fittings, tools and equipment			15% straight line

	Stocks and Work in Progress
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Work in prgress is valued at direct costs which include attributable overheads calculated at normal levels of productions.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					7		6


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	24,023		703,297		26,845		754,165
	Additions	632		-		-		632
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		-		-
	At 31 March 2025	24,655		703,297		26,845		754,797

	Depreciation
	At 1 April 2024	24,006		686,533		26,844		737,383
	Charge for the year	95		5,414		-		5,509
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		-		-
	At 31 March 2025	24,101		691,947		26,844		742,892

	Net book value
	At 31 March 2025	554		11,350		1		11,905
	At 31 March 2024	17		16,764		1		16,782



4	Debtors					2025		2024
£							£

	Trade debtors					105,640		62,168
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					-		-
	Deferred tax asset					-		-
	Other debtors					8,010		1,753
						113,650		63,921



5	Creditors: amounts falling due within one year					2025		2024
£							£

	Non-equity preference shares					-		-
	Bank loans and overdrafts					73,896		14,776
	Obligations under finance lease and hire purchase contracts					-		-
	Trade creditors					137,323		28,190
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					336,580		-
	Taxation and social security costs					13,876		5,565
	Other creditors					5,276		5,126
						566,951		53,657


6	Related party transactions

	During the year the company paid Coman Systems Limited £34,400 in rent in the year (2024: £34,900).

	During the year the company paid Quiggin and Cubbon for goods and administration £13,296 in the year (2024: £17,021). The company sold to Quiggin and Cubbon Limited goods and services totalling £45,229 in the year (2024: £124,509).

	All transactions were conducted on normal trading terms.



7	Other information

	Miles-Ash Limited is a private company limited by shares and incorporated in England. Its registered office is:
	576 Doagh Road
	Newtownabbey
	Co. Antrim
	Northern Ireland