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REGISTERED NUMBER: 04403533 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

MILLER RESEARCH (UK) LTD

MILLER RESEARCH (UK) LTD (REGISTERED NUMBER: 04403533)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MILLER RESEARCH (UK) LTD

Company Information
for the year ended 31 July 2023







DIRECTOR: N F Miller





REGISTERED OFFICE: Pen-Y-Wyrlod Farm
Llanvetherine
Abergavenny
Gwent
NP7 8RG





REGISTERED NUMBER: 04403533 (England and Wales)





ACCOUNTANTS: Martin Waterworth Limited
Chartered Accountants
Bronwylfa
Llangunnor Road
Carmarthen
Dyfed
SA31 2PB

MILLER RESEARCH (UK) LTD (REGISTERED NUMBER: 04403533)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,128 36,157
Investments 5 8,500 223,472
30,628 259,629

CURRENT ASSETS
Debtors 6 337,120 227,655
Cash at bank 912,418 326,769
1,249,538 554,424
CREDITORS
Amounts falling due within one year 7 352,200 141,584
NET CURRENT ASSETS 897,338 412,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

927,966

672,469

PROVISIONS FOR LIABILITIES 3,159 3,263
NET ASSETS 924,807 669,206

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 923,807 668,206
SHAREHOLDERS' FUNDS 924,807 669,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MILLER RESEARCH (UK) LTD (REGISTERED NUMBER: 04403533)

Statement of Financial Position - continued
31 July 2023


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 director and authorised for issue on 18 April 2024 and were signed by:





N F Miller - Director


MILLER RESEARCH (UK) LTD (REGISTERED NUMBER: 04403533)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Miller Research (UK) Ltd 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.

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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost, 20% on cost and 10% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 15 ) .

MILLER RESEARCH (UK) LTD (REGISTERED NUMBER: 04403533)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 94,785 193,296 288,081
Additions - 3,944 3,944
Disposals - (55,702 ) (55,702 )
At 31 July 2023 94,785 141,538 236,323
DEPRECIATION
At 1 August 2022 75,802 176,122 251,924
Charge for year 9,492 8,481 17,973
Eliminated on disposal - (55,702 ) (55,702 )
At 31 July 2023 85,294 128,901 214,195
NET BOOK VALUE
At 31 July 2023 9,491 12,637 22,128
At 31 July 2022 18,983 17,174 36,157

5. FIXED ASSET INVESTMENTS

31.7.23 31.7.22
£    £   
Shares in group undertakings 500 500
Loans to group undertakings 8,000 8,000
Participating interests - 130,884
Loans to undertakings in which the company has
a participating interest

-

84,088
8,500 223,472

Additional information is as follows:
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 August 2022 500 130,884 131,384
Impairments - (130,884 ) (130,884 )
At 31 July 2023 500 - 500
NET BOOK VALUE
At 31 July 2023 500 - 500
At 31 July 2022 500 130,884 131,384

MILLER RESEARCH (UK) LTD (REGISTERED NUMBER: 04403533)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

5. FIXED ASSET INVESTMENTS - continued
Loans to
group Loans to
undertakings associates Totals
£    £    £   
At 1 August 2022 8,000 84,088 92,088
Other movement - (84,088 ) (84,088 )
At 31 July 2023 8,000 - 8,000

This year's impairment review has led to the decision to write down the investment in the associate interest and loan at a combined cost of £214,971to £nil.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 303,664 224,287
Other debtors 33,456 3,368
337,120 227,655

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors - 10,005
Taxation and social security 303,016 108,120
Other creditors 49,184 23,459
352,200 141,584