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REGISTERED NUMBER: SC035439 (Scotland)















Financial Statements for the Year Ended 31 March 2022

for

Albert Miller (Linoleums) Limited

Albert Miller (Linoleums) Limited (Registered number: SC035439)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Albert Miller (Linoleums) Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: S C Millard
A D Millard





REGISTERED OFFICE: 177 Leith Walk
Edinburgh
EH6 8NR





REGISTERED NUMBER: SC035439 (Scotland)





ACCOUNTANTS: David Nicholls FCCA
Brett Nicholls Associates
Herbert House
24 Herbert Street
Glasgow
G20 6NB

Albert Miller (Linoleums) Limited (Registered number: SC035439)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 190,926 205,132

CURRENT ASSETS
Stocks 25,002 6,416
Debtors 5 289,084 375,788
Cash at bank 52,252 13,546
366,338 395,750
CREDITORS
Amounts falling due within one year 6 237,444 263,578
NET CURRENT ASSETS 128,894 132,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

319,820

337,304

CREDITORS
Amounts falling due after more than one
year

7

58,643

94,756
NET ASSETS 261,177 242,548

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 256,177 237,548
261,177 242,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Albert Miller (Linoleums) Limited (Registered number: SC035439)

Balance Sheet - continued
31 March 2022


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

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 and authorised for issue on 29 September 2023 and were signed on its behalf by:





A D Millard - Director


Albert Miller (Linoleums) Limited (Registered number: SC035439)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Albert Miller (Linoleums) Limited is a private company, limited by shares , registered in Scotland. 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

Albert Miller (Linoleums) Limited (Registered number: SC035439)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2021 228,614 188,892 417,506
Additions - 1,153 1,153
At 31 March 2022 228,614 190,045 418,659
DEPRECIATION
At 1 April 2021 57,299 155,075 212,374
Charge for year 8,216 7,143 15,359
At 31 March 2022 65,515 162,218 227,733
NET BOOK VALUE
At 31 March 2022 163,099 27,827 190,926
At 31 March 2021 171,315 33,817 205,132

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 58,063 4,277
Amounts owed by group undertakings 149,853 221,754
Other debtors 81,168 149,757
289,084 375,788

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 15,144 15,144
Hire purchase contracts 17,747 -
Trade creditors 67,487 45,692
Taxation and social security 10,465 46,673
Other creditors 126,601 156,069
237,444 263,578

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 58,643 74,190
Other creditors - 20,566
58,643 94,756