Company registration number 05997458 (England and Wales)
AL SHAFIE MILES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 8 JULY 2025
PAGES FOR FILING WITH REGISTRAR
AL SHAFIE MILES LTD
CONTENTS
Page
Directors' responsibilities statement
1
Balance sheet
2
Notes to the financial statements
3 - 5
AL SHAFIE MILES LTD
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE PERIOD ENDED 8 JULY 2025
- 1 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AL SHAFIE MILES LTD
BALANCE SHEET
AS AT
8 JULY 2025
08 July 2025
- 2 -
8 July 2025
31 March 2025
Notes
£
£
£
£
Current assets
Debtors
4
16,035
57,963
Cash at bank and in hand
1,202
31
17,237
57,994
Creditors: amounts falling due within one year
5
(3,267)
(26,320)
Net current assets
13,970
31,674
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
13,968
31,672
Total equity
13,970
31,674

The notes on pages 3 to 5 form part of these financial statements.

For the financial period ended 8 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 April 2026 and are signed on its behalf by:
Mr Hugh Miles
Director
Company registration number 05997458 (England and Wales)
AL SHAFIE MILES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 8 JULY 2025
- 3 -
1
Accounting policies
Company information

Al Shafie Miles Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor 207 Regent Street, London, Greater London, UK, W1B 3HH.

1.1
Reporting period

The Financial statements have been prepared for the period 1st April 2025 to the 8th July 2025 as this is when the company ceased to trade. The comparative figures (including the related notes) are for a full 12 month period and so are therefore not entirely comparable.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention principal accounting policies adopted are set out below.

1.3
Going concern

These financial statements are not prepared on the going concern basis.

The directors have decided to cease trade at the 8th July 2025. The company is therefore no longer a going concern.

1.4
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

AL SHAFIE MILES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 8 JULY 2025
1
Accounting policies
(Continued)
- 4 -
Fixtures and fittings
20% Reducing Balance
Computers
33% Straight Line

The assets of the company have been fully depreciated and are considered to have no market value.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2025
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2025 and 8 July 2025
572
6,148
6,720
Depreciation and impairment
At 1 April 2025 and 8 July 2025
572
6,148
6,720
Carrying amount
At 8 July 2025
-
0
-
0
-
0
At 31 March 2025
-
0
-
0
-
0
AL SHAFIE MILES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 8 JULY 2025
- 5 -
4
Debtors
2025
2025
Amounts falling due within one year:
£
£
Trade debtors
2,169
18,695
Other debtors
13,866
39,268
16,035
57,963
5
Creditors: amounts falling due within one year
2025
2025
£
£
Corporation tax
-
0
19,125
Other taxation and social security
157
5,353
Accruals and deferred income
3,110
1,842
3,267
26,320
6
Called up share capital
2025
2025
2025
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
7
Related party transactions

As at balance sheet date, the directors owed the company NIL (202 5 : £1,943).

Dividends voted during the year were - NIL (202 5 : £80,000).

8
Ultimate Controlling Party

The company's ultimate controlling party's are H and D Miles by virtue of their share capital in the company.

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