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Company Registration No. 2478198 (England and Wales)
Michael Miles Limited Unaudited accounts for the year ended 31 March 2026
Michael Miles Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Michael Miles Limited Company Information for the year ended 31 March 2026
Directors
D R Lucas S Lucas W Miles
Secretary
S Lucas
Company Number
2478198 (England and Wales)
Registered Office
Badgers Holt Friesthorpe Road Buslingthorpe Lincolnshire LN3 5AQ
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Michael Miles Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Intangible assets
4
1
1
Current assets
Cash at bank and in hand
29,508
19,223
Creditors: amounts falling due within one year
5
(8,541)
(2,975)
Net current assets
20,967
16,248
Net assets
20,968
16,249
Capital and reserves
Called up share capital
6
6
6
Profit and loss account
20,962
16,243
Shareholders' funds
20,968
16,249
For the year ending 31 March 2026 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 2026 and were signed on its behalf by
D R Lucas Director Company Registration No. 2478198
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Michael Miles Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
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Michael Miles Limited Notes to the Accounts for the year ended 31 March 2026
4
Intangible fixed assets
Other
£
Cost
At 1 April 2025
1,246
At 31 March 2026
1,246
Amortisation
At 1 April 2025
1,245
At 31 March 2026
1,245
Net book value
At 31 March 2026
1
At 31 March 2025
1
5
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
930
733
Trade creditors
5,000
-
Taxes and social security
1,811
1,450
Accruals
800
792
8,541
2,975
6
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
4 Ordinary B Shares of £1 each
4
4
6
6
7
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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