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REGISTERED NUMBER: 03182912 (England and Wales)














Financial Statements

for the Year Ended 31 December 2022

for

Miller Waite Limited

Miller Waite Limited (Registered number: 03182912)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Miller Waite Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: S A Howitt
P S Astell





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
Greater Manchester
M3 2PJ





BUSINESS ADDRESS: Queens Chambers
5 John Dalton Street
Manchester
M2 6ET





REGISTERED NUMBER: 03182912 (England and Wales)





AUDITORS: Freedman Frankl & Taylor
Statutory Auditors
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Miller Waite Limited (Registered number: 03182912)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 12,848

CURRENT ASSETS
Stocks - 6,204
Debtors 5 1,398,824 982,440
Cash at bank 4,051 76,319
1,402,875 1,064,963
CREDITORS
Amounts falling due within one year 6 273,017 251,370
NET CURRENT ASSETS 1,129,858 813,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,129,858

826,441

PROVISIONS FOR LIABILITIES - 2,441
NET ASSETS 1,129,858 824,000

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 1,129,758 823,900
1,129,858 824,000

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:





S A Howitt - Director


Miller Waite Limited (Registered number: 03182912)

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

1. STATUTORY INFORMATION

Miller Waite Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned entities within the group.

Significant judgements and estimates
In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Key sources of estimation uncertainty

The key assumptions concerning the future, and other key sources of estimation uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are disclosed below.

Assessing indicators of impairment
In assessing whether there have been any indicators of impairment assets, the directors have considered both external and internal sources of information such as market conditions and experience of recoverability. There have been no indicators of impairments identified during the current financial year.

Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Miller Waite Limited (Registered number: 03182912)

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

2. ACCOUNTING POLICIES - continued

Turnover
Revenue comprises the fair value of consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefit will flow into the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost and 20% on cost

Tangible fixed assets are initially recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment.

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating lease are charged to profit and loss on a straight line basis over the period of the lease.

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.

Miller Waite Limited (Registered number: 03182912)

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

2. ACCOUNTING POLICIES - continued

Going concern
The company's financial statements for the year ended 31 December 2022 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022 48,121 2,235 70,925 121,281
Disposals (48,121 ) (2,235 ) (70,925 ) (121,281 )
At 31 December 2022 - - - -
DEPRECIATION
At 1 January 2022 41,575 1,963 64,895 108,433
Charge for year 3,574 75 4,369 8,018
Eliminated on disposal (45,149 ) (2,038 ) (69,264 ) (116,451 )
At 31 December 2022 - - - -
NET BOOK VALUE
At 31 December 2022 - - - -
At 31 December 2021 6,546 272 6,030 12,848

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 84,808 165,442
Amounts owed by group undertakings 1,254,364 705,065
Other debtors 59,652 111,933
1,398,824 982,440

Miller Waite Limited (Registered number: 03182912)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 56,446 86,478
Amounts owed to group undertakings 63,076 29,601
Taxation and social security 131,515 103,348
Other creditors 21,980 31,943
273,017 251,370

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 6,436 20,417
Between one and five years 9,860 -
16,296 20,417

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adam Caplan BSc (Hons) BFP FCA (Senior Statutory Auditor)
for and on behalf of Freedman Frankl & Taylor

9. CONTINGENT LIABILITIES

The company has guaranteed the loan facilities of a group company. The loan balance was £18,249,000 as at 31 December 2022.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2022 and the period ended 31 December 2021:

2022 2021
£    £   
D Miller
Balance outstanding at start of year - 250,162
Amounts advanced - 166,830
Amounts repaid - (416,992 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Miller Waite Limited (Registered number: 03182912)

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

11. ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking at the balance sheet date was Intec Business Holdings Limited, a company registered in England and Wales.

The company's parent undertaking at the balance sheet date was Intec Business Technology Limited, a company incorporated and registered in England.

Registered OfficeReedham House
31 King Street West
Manchester
United Kingdom
M3 2PJ