Edward Miles Removals, Storage, Shipping - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09235597 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2018

for

Edward Miles Removals, Storage,

Shipping Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E P Miles

J C Miles

REGISTERED OFFICE:

Flat 150A, Albert Palace Mansions

Lurline Gardens

London

SW11 4DE

REGISTERED NUMBER:

09235597 (England and Wales)

ACCOUNTANT:

J N Flanagan ATT (Fellow)

The Granary,

Hones Yard,

1 Waverley Lane,

Farnham,

Surrey

GU9 8BB

FIXED ASSETS

Tangible assets

4

56,250

42,645

CURRENT ASSETS

Debtors

5

55,687

41,874

Prepayments and accrued income

3,133

3,112

Cash at bank

11,405

51,550

70,225

96,536

CREDITORS

Amounts falling due within one year

6

77,239

74,404

NET CURRENT (LIABILITIES)/ASSETS

(7,014

)

22,132

TOTAL ASSETS LESS CURRENT LIABILITIES

49,236

64,777

CREDITORS

Amounts falling due after more than one year

7

(7,196

)

(18,249

)

PROVISIONS FOR LIABILITIES

(11,250

)

(8,529

)

NET ASSETS

30,790

37,999

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

30,690

37,899

SHAREHOLDERS' FUNDS

30,790

37,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 May 2019 and were signed on its behalf by:

E P Miles - Director

1.	STATUTORY INFORMATION

Edward Miles Removals, Storage, Shipping Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on a Going Concern basis as the company is supported by shareholder funds which will

not be fully withdrawn until the company returns to profitability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2017

79,239

Additions

32,357

At 30 September 2018

111,596

DEPRECIATION

At 1 October 2017

36,594

Charge for year

18,752

At 30 September 2018

55,346

NET BOOK VALUE

At 30 September 2018

56,250

At 30 September 2017

42,645

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade debtors

54,457

40,644

Other debtors

1,230

1,230

55,687

41,874

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Hire purchase contracts

11,759

10,790

Trade creditors

2,433

8,166

Taxation and social security

18,084

20,575

Other creditors

44,963

34,873

77,239

74,404

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.18

30.9.17

£

£

Hire purchase contracts

7,196

18,249

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2018 and

30 September 2017:

30.9.18

30.9.17

£

£

E P Miles

Balance outstanding at start of year

(287

)

4,920

Amounts repaid

(1,438

)

(5,207

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,725

)

(287

)