2022-04-012023-03-312023-03-31falseSC319341MCGOWAN MILLER LIMITED2023-09-0582990iso4217:GBPxbrli:pureSC3193412022-04-01SC3193412023-03-31SC3193412022-04-012023-03-31SC3193412021-04-01SC3193412022-03-31SC3193412021-04-012022-03-31SC319341bus:SmallEntities2022-04-012023-03-31SC319341bus:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC319341bus:FullAccounts2022-04-012023-03-31SC319341bus:PrivateLimitedCompanyLtd2022-04-012023-03-31SC319341core:WithinOneYear2023-03-31SC319341core:AfterOneYear2023-03-31SC319341core:WithinOneYear2022-03-31SC319341core:AfterOneYear2022-03-31SC319341core:ShareCapital2023-03-31SC319341core:SharePremium2023-03-31SC319341core:RevaluationReserve2023-03-31SC319341core:OtherReservesSubtotal2023-03-31SC319341core:RetainedEarningsAccumulatedLosses2023-03-31SC319341core:ShareCapital2022-03-31SC319341core:SharePremium2022-03-31SC319341core:RevaluationReserve2022-03-31SC319341core:OtherReservesSubtotal2022-03-31SC319341core:RetainedEarningsAccumulatedLosses2022-03-31SC319341core:LandBuildings2023-03-31SC319341core:PlantMachinery2023-03-31SC319341core:Vehicles2023-03-31SC319341core:FurnitureFittings2023-03-31SC319341core:OfficeEquipment2023-03-31SC319341core:NetGoodwill2023-03-31SC319341core:IntangibleAssetsOtherThanGoodwill2023-03-31SC319341core:ListedExchangeTraded2023-03-31SC319341core:UnlistedNon-exchangeTraded2023-03-31SC319341core:LandBuildings2022-03-31SC319341core:PlantMachinery2022-03-31SC319341core:Vehicles2022-03-31SC319341core:FurnitureFittings2022-03-31SC319341core:OfficeEquipment2022-03-31SC319341core:NetGoodwill2022-03-31SC319341core:IntangibleAssetsOtherThanGoodwill2022-03-31SC319341core:ListedExchangeTraded2022-03-31SC319341core:UnlistedNon-exchangeTraded2022-03-31SC319341core:LandBuildings2022-04-012023-03-31SC319341core:PlantMachinery2022-04-012023-03-31SC319341core:Vehicles2022-04-012023-03-31SC319341core:FurnitureFittings2022-04-012023-03-31SC319341core:OfficeEquipment2022-04-012023-03-31SC319341core:NetGoodwill2022-04-012023-03-31SC319341core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC319341core:ListedExchangeTraded2022-04-012023-03-31SC319341core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC319341core:MoreThanFiveYears2022-04-012023-03-31SC319341core:Non-currentFinancialInstruments2023-03-31SC319341core:Non-currentFinancialInstruments2022-03-31SC319341dpl:CostSales2022-04-012023-03-31SC319341dpl:DistributionCosts2022-04-012023-03-31SC319341core:LandBuildings2022-04-012023-03-31SC319341core:PlantMachinery2022-04-012023-03-31SC319341core:Vehicles2022-04-012023-03-31SC319341core:FurnitureFittings2022-04-012023-03-31SC319341core:OfficeEquipment2022-04-012023-03-31SC319341dpl:AdministrativeExpenses2022-04-012023-03-31SC319341core:NetGoodwill2022-04-012023-03-31SC319341core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC319341dpl:GroupUndertakings2022-04-012023-03-31SC319341dpl:ParticipatingInterests2022-04-012023-03-31SC319341dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-31SC319341core:ListedExchangeTraded2022-04-012023-03-31SC319341dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-31SC319341core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC319341dpl:CostSales2021-04-012022-03-31SC319341dpl:DistributionCosts2021-04-012022-03-31SC319341core:LandBuildings2021-04-012022-03-31SC319341core:PlantMachinery2021-04-012022-03-31SC319341core:Vehicles2021-04-012022-03-31SC319341core:FurnitureFittings2021-04-012022-03-31SC319341core:OfficeEquipment2021-04-012022-03-31SC319341dpl:AdministrativeExpenses2021-04-012022-03-31SC319341core:NetGoodwill2021-04-012022-03-31SC319341core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-31SC319341dpl:GroupUndertakings2021-04-012022-03-31SC319341dpl:ParticipatingInterests2021-04-012022-03-31SC319341dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-31SC319341core:ListedExchangeTraded2021-04-012022-03-31SC319341dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-31SC319341core:UnlistedNon-exchangeTraded2021-04-012022-03-31SC319341core:NetGoodwill2023-03-31SC319341core:IntangibleAssetsOtherThanGoodwill2023-03-31SC319341core:LandBuildings2023-03-31SC319341core:PlantMachinery2023-03-31SC319341core:Vehicles2023-03-31SC319341core:FurnitureFittings2023-03-31SC319341core:OfficeEquipment2023-03-31SC319341core:AfterOneYear2023-03-31SC319341core:WithinOneYear2023-03-31SC319341core:ListedExchangeTraded2023-03-31SC319341core:UnlistedNon-exchangeTraded2023-03-31SC319341core:ShareCapital2023-03-31SC319341core:SharePremium2023-03-31SC319341core:RevaluationReserve2023-03-31SC319341core:OtherReservesSubtotal2023-03-31SC319341core:RetainedEarningsAccumulatedLosses2023-03-31SC319341core:NetGoodwill2022-03-31SC319341core:IntangibleAssetsOtherThanGoodwill2022-03-31SC319341core:LandBuildings2022-03-31SC319341core:PlantMachinery2022-03-31SC319341core:Vehicles2022-03-31SC319341core:FurnitureFittings2022-03-31SC319341core:OfficeEquipment2022-03-31SC319341core:AfterOneYear2022-03-31SC319341core:WithinOneYear2022-03-31SC319341core:ListedExchangeTraded2022-03-31SC319341core:UnlistedNon-exchangeTraded2022-03-31SC319341core:ShareCapital2022-03-31SC319341core:SharePremium2022-03-31SC319341core:RevaluationReserve2022-03-31SC319341core:OtherReservesSubtotal2022-03-31SC319341core:RetainedEarningsAccumulatedLosses2022-03-31SC319341core:NetGoodwill2021-04-01SC319341core:IntangibleAssetsOtherThanGoodwill2021-04-01SC319341core:LandBuildings2021-04-01SC319341core:PlantMachinery2021-04-01SC319341core:Vehicles2021-04-01SC319341core:FurnitureFittings2021-04-01SC319341core:OfficeEquipment2021-04-01SC319341core:AfterOneYear2021-04-01SC319341core:WithinOneYear2021-04-01SC319341core:ListedExchangeTraded2021-04-01SC319341core:UnlistedNon-exchangeTraded2021-04-01SC319341core:ShareCapital2021-04-01SC319341core:SharePremium2021-04-01SC319341core:RevaluationReserve2021-04-01SC319341core:OtherReservesSubtotal2021-04-01SC319341core:RetainedEarningsAccumulatedLosses2021-04-01SC319341core:AfterOneYear2022-04-012023-03-31SC319341core:WithinOneYear2022-04-012023-03-31SC319341core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-31SC319341core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-31SC319341core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-31SC319341core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-31SC319341core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-31SC319341core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-31SC319341core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-31SC319341core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-31SC319341core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-31SC319341core:Non-currentFinancialInstrumentscore:CostValuation2023-03-31SC319341core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-31SC319341core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-31SC319341core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-31SC319341core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-31SC319341core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-31SC319341core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-31SC319341core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-31SC319341core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-31SC319341core:Non-currentFinancialInstrumentscore:CostValuation2022-03-31SC319341core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-31SC319341core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-31SC319341core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-31SC319341core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-31SC319341core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-31SC319341core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-31SC319341core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-31SC319341core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-31SC319341bus:Director12022-04-012023-03-31SC319341bus:Director22022-04-012023-03-31SC319341bus:Director32022-04-012023-03-31SC319341core:FurnitureFittingsToolsEquipment2022-03-31SC319341core:FurnitureFittingsToolsEquipment2022-04-012023-03-31SC319341core:FurnitureFittingsToolsEquipment2023-03-31SC3193411bus:Director22022-04-01SC3193411bus:Director22022-04-012023-03-31SC3193411bus:Director22023-03-31SC3193412bus:Director32022-04-01SC3193412bus:Director32022-04-012023-03-31SC3193412bus:Director32023-03-31SC3193413bus:Director12022-04-01SC3193413bus:Director12022-04-012023-03-31SC3193413bus:Director12023-03-31SC319341bus:Director42022-04-012023-03-31SC3193414bus:Director42022-04-01SC3193414bus:Director42022-04-012023-03-31SC3193414bus:Director42023-03-31SC3193412022-04-01SC3193412022-04-012023-03-31SC3193412023-03-31

MCGOWAN MILLER LIMITED

Registered Number
SC319341
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2023

MCGOWAN MILLER LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

COWAN, Jamie Straiton
GRAHAM, John Cameron
THOMSON, Michael William Mcleod

Registered Address

51 Rae Steet
Dumfries
Dumfries & Galloway
DG1 1JD

Registered Number

SC319341 (Scotland)
MCGOWAN MILLER LIMITED
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets537,50087,500
Tangible assets7185,929188,736
223,429276,236
Current assets
Debtors11339,196352,519
Cash at bank and on hand270,631231,512
609,827584,031
Creditors amounts falling due within one year12(156,032)(135,240)
Net current assets (liabilities)453,795448,791
Total assets less current liabilities677,224725,027
Provisions for liabilities13(3,300)(4,180)
Net assets673,924720,847
Capital and reserves
Called up share capital334334
Other reserves166166
Profit and loss account673,424720,347
Shareholders' funds673,924720,847
The financial statements were approved and authorised for issue by the Board of Directors on 5 September 2023, and are signed on its behalf by:
GRAHAM, John Cameron
Director
Registered Company No. SC319341
MCGOWAN MILLER LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings50
Fixtures and fittings5
Intangible assets policy
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Government grants and other government assistance policy
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.
Employee benefits policy
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Valuation of financial instruments policy
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
4.Employee information

20232022
Average number of employees during the year1717
5.Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill

Total

££
Cost or valuation
At 01 April 22500,000500,000
At 31 March 23500,000500,000
Amortisation and impairment
At 01 April 22412,500412,500
Charge for year50,00050,000
At 31 March 23462,500462,500
Net book value
At 31 March 2337,50037,500
At 31 March 2287,50087,500
6.Useful life of intangible asset
Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
7.Property, plant and equipment

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 April 22202,00065,606267,606
Additions-9,4719,471
At 31 March 23202,00075,077277,077
Depreciation and impairment
At 01 April 2233,28045,59078,870
Charge for year4,0408,23812,278
At 31 March 2337,32053,82891,148
Net book value
At 31 March 23164,68021,249185,929
At 31 March 22168,72020,016188,736
8.Off balance sheet pension commitments
The company makes contributions into the personal pension schemes of its directors and staff. The assets of each of these schemes are held separate to those of the company in independently administered funds. The pension costs in the accounts represent employer contributions to the pension schemes in the period. At the balance sheet date there was £2,085 (2022 - £1,744) outstanding and this is included in creditors.
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
GRAHAM, John Cameron29,32778,54160,50947,359
THOMSON, Michael William Mcleod36,31399,59767,13468,776
COWAN, Jamie Straiton33,26698,62967,60964,286
CALLANDER, Stuart26,634026,6340
125,540276,767221,886180,421
The amounts advanced were unsecured and repayable on demand. Interest has been charged on the balances using the HMRC official rate of interest. Robert Richmond had a overdrawn directors loan account balance as at the 1st April 2022 of £291. Robert ceased to be a director as noted in the directors report on the 4th April 2022.
10.Further information regarding the company's financial position
In respect of these financial statements the comparative income statement has had £2,170 moved from Administrative Expenses to Interest Payable and Similar Charges. This reclassification has not affected the reported profit position which remains the same. Other reserves is a capital redemption reserve representing share capital purchased back by the company. This reserve is not distributable. The profit and loss account comprises accumulated profits less dividends and distributions paid and transfers to the capital redemption reserve. This reserve is distributable in full.
11.Debtors

2023

2022

££
Trade debtors / trade receivables124,122198,593
Other debtors180,707125,831
Prepayments and accrued income34,36728,095
Total339,196352,519
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
12.Creditors within one year

2023

2022

££
Trade creditors / trade payables8,4923,154
Taxation and social security119,453116,616
Other creditors15,7202,321
Accrued liabilities and deferred income12,36713,149
Total156,032135,240
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
13.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)3,3004,180
Total3,3004,180