Accounts filed on 31-07-2015

Accounts filed on 31-07-2015

A & R MILES LTD - Company Information

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2014-08-012015-07-3106373092falsetruehttp://www.companieshouse.gov.uk/pt:PlantMachinery2014-07-31http://www.companieshouse.gov.uk/cd:Director12014-08-012015-07-31http://www.companieshouse.gov.uk/pt:PlantMachinery2015-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-08-012015-07-31http://www.companieshouse.gov.uk/pt:MotorCars2014-07-31http://www.companieshouse.gov.uk/pt:PlantMachinery2014-08-012015-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22014-08-012015-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-07-31http://www.companieshouse.gov.uk/pt:MotorCars2015-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22015-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22014-07-31http://www.companieshouse.gov.uk/pt:MotorCars2014-08-012015-07-31http://www.companieshouse.gov.uk/2013-08-012014-07-31http://www.companieshouse.gov.uk/2014-08-012015-07-31http://www.companieshouse.gov.uk/2014-07-31http://www.companieshouse.gov.uk/2015-07-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2014-08-012015-07-31http://www.companieshouse.gov.uk/2014-07-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06373092
A&R Miles Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/07/2015
Prepared By:
David Reed Associates Ltd
54D Frome Road
Bradford on Avon
Wiltshire
BA15 1LA

A&R Miles Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/07/2015
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 06373092

A&R Miles Ltd
Registered Number: 06373092
BALANCE SHEET AT 31/07/2015
20152014
Notes££
FIXED ASSETS
Tangible assets241,76023,819
CURRENT ASSETS
Stock5,0005,925
Debtors (amounts falling due within one year)324,65322,931
Cash at bank and in hand5,00713,003
34,66041,859
CREDITORS: Amounts falling due within one year70,43061,685
NET CURRENT LIABILITIES(35,770)(19,826)
TOTAL ASSETS LESS CURRENT LIABILITIES5,9903,993
CAPITAL AND RESERVES
Called up share capital4125125
Share premium account1,9751,975
Profit and loss account3,8901,893
SHAREHOLDERS' FUNDS5,9903,993
For the year ending 31/07/2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 30/01/2016 and signed on their behalf by
Mr A Miles
Director

A&R Miles Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2015
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Motor Carsreducing balance 20%
1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

A&R Miles Ltd
2. TANGIBLE FIXED ASSETS
Plant and
MachineryMotor CarsTotal
£££
Cost
At 01/08/20148,15643,29551,451
Additions-28,52528,525
At 31/07/20158,15671,82079,976
Depreciation
At 01/08/20145,83121,80127,632
For the year58110,00310,584
At 31/07/20156,41231,80438,216
Net Book Amounts
At 31/07/20151,74440,01641,760
At 31/07/20142,32521,49423,819
3. DEBTORS 20152014
££
Amounts falling due within one year:
Trade debtors23,17018,313
VAT1,4834,198
Other debtors-420
24,65322,931
4. SHARE CAPITAL 20152014
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
25 Class B shares of £1 each2525
125125
The majority of the share capital represented by the class A shares is owned by Miles Investments Ltd

A&R Miles Ltd
5. RELATED PARTY TRANSACTIONS
At the balance sheet date A and R Miles Ltd owed £16,380 (2014: was owed £16,483) by Miles Investments Ltd, a company under common control.