1 April 2022 false Taxfiler 2023.10 05370248business:PrivateLimitedCompanyLtd2022-04-012023-03-31 053702482022-03-31 053702482022-04-012023-03-31 05370248business:AuditExemptWithAccountantsReport2022-04-012023-03-31 05370248business:FilletedAccounts2022-04-012023-03-31 053702482023-03-31 05370248business:Director12022-04-012023-03-31 05370248business:Director22022-04-012023-03-31 05370248business:RegisteredOffice2022-04-012023-03-31 053702482022-03-31 05370248core:WithinOneYear2023-03-31 05370248core:WithinOneYear2022-03-31 05370248core:AfterOneYear2023-03-31 05370248core:AfterOneYear2022-03-31 05370248core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 05370248core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 05370248core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 05370248core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 05370248core:PreviouslyStatedAmount2023-03-31 05370248core:PreviouslyStatedAmount2022-03-31 05370248business:SmallEntities2022-04-012023-03-31 05370248countries:EnglandWales2022-04-012023-03-31 05370248core:PlantMachinery2022-04-012023-03-31 05370248core:MotorVehicles2022-04-012023-03-31 05370248core:FurnitureFittings2022-04-012023-03-31 05370248core:Goodwill2022-03-31 05370248core:Goodwill2023-03-31 05370248core:LandBuildings2022-03-31 05370248core:PlantMachinery2022-03-31 05370248core:MotorVehicles2022-03-31 05370248core:FurnitureFittings2022-03-31 05370248core:ComputerEquipment2022-03-31 05370248core:LandBuildings2022-04-012023-03-31 05370248core:ComputerEquipment2022-04-012023-03-31 05370248core:LandBuildings2023-03-31 05370248core:PlantMachinery2023-03-31 05370248core:MotorVehicles2023-03-31 05370248core:FurnitureFittings2023-03-31 05370248core:ComputerEquipment2023-03-31 05370248core:AdditionsToInvestments2023-03-31 05370248core:MoreThanFiveYears2023-03-31 05370248core:MoreThanFiveYears2022-03-31 05370248core:AfterOneYear2022-04-012023-03-31 053702482021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 05370248 (England and Wales)
John Miller And Sons Limited Unaudited accounts for the year ended 31 March 2023
John Miller And Sons Limited Unaudited accounts Contents
Page
- 2 -
John Miller And Sons Limited Company Information for the year ended 31 March 2023
Directors
David Miller John Miller Snr
Company Number
05370248 (England and Wales)
Registered Office
Ardtoget Church Walk Ulverston Cumbria LA12 7EW England
Accountants
EHA Accountancy Ltd 2 Lower Brook Street Ulverston Cumbria LA12 7EE
- 3 -
John Miller And Sons Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,057,887 
882,717 
Investments
1,094 
1,083 
1,058,981 
883,800 
Current assets
Inventories
64,835 
47,311 
Debtors
171,937 
213,458 
Cash at bank and in hand
90,315 
145,360 
327,087 
406,129 
Creditors: amounts falling due within one year
(99,045)
(141,897)
Net current assets
228,042 
264,232 
Total assets less current liabilities
1,287,023 
1,148,032 
Creditors: amounts falling due after more than one year
(212,497)
(238,150)
Provisions for liabilities
Deferred tax
(64,895)
(32,085)
Net assets
1,009,631 
877,797 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,009,531 
877,697 
Shareholders' funds
1,009,631 
877,797 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by
John Miller Snr Director Company Registration No. 05370248
- 4 -
John Miller And Sons Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
John Miller And Sons Limited is a private company, limited by shares, registered in England and Wales, registration number 05370248. The registered office is Ardtoget, Church Walk , Ulverston, Cumbria, LA12 7EW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. It is amortised on a straight line basis over the useful economic life of the asset.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
John Miller And Sons Limited Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
247,500 
At 31 March 2023
247,500 
Amortisation
At 1 April 2022
247,500 
At 31 March 2023
247,500 
Net book value
At 31 March 2023
- 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
716,333 
403,447 
198,369 
8,374 
- 
1,326,523 
Additions
- 
243,800 
28,500 
- 
1,705 
274,005 
Disposals
- 
(46,000)
(23,246)
- 
- 
(69,246)
At 31 March 2023
716,333 
601,247 
203,623 
8,374 
1,705 
1,531,282 
Depreciation
At 1 April 2022
- 
320,478 
116,189 
7,139 
- 
443,806 
Charge for the year
- 
50,973 
25,729 
309 
426 
77,437 
On disposals
- 
(32,366)
(15,482)
- 
- 
(47,848)
At 31 March 2023
- 
339,085 
126,436 
7,448 
426 
473,395 
Net book value
At 31 March 2023
716,333 
262,162 
77,187 
926 
1,279 
1,057,887 
At 31 March 2022
716,333 
82,969 
82,180 
1,235 
- 
882,717 
- 6 -
John Miller And Sons Limited Notes to the Accounts for the year ended 31 March 2023
6
Investments
Other investments 
£ 
Valuation at 1 April 2022
1,083 
Additions
11 
Valuation at 31 March 2023
1,094 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
81,343 
92,895 
Amounts due from group undertakings etc.
27,291 
58,196 
Accrued income and prepayments
607 
1,200 
Other debtors
62,696 
61,167 
171,937 
213,458 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
29,600 
33,600 
VAT
54,154 
45,530 
Obligations under finance leases and hire purchase contracts
- 
2,431 
Trade creditors
11,735 
1,109 
Taxes and social security
- 
45,234 
Other creditors
- 
10,000 
Accruals
3,556 
3,993 
99,045 
141,897 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
212,497 
238,150 
Aggregate of amounts that fall due for payment after five years
134,000 
108,000 
There is a legal charge over the freehold property known as Scrap Yard at Canal Head House Ulverston.
10
Loans to directors
Interest has been charged on the loan at the beneficial loan interest rate.
11
Transactions with related parties
Included within debtors is a loan with a related party, Ulverston Tyres Ltd of £27,291 (2022:£58,196)
12
Average number of employees
During the year the average number of employees was 6 (2022: 6).
- 7 -