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REGISTERED NUMBER: SC423631 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Miller Joinery & Shopfitting Limited

Miller Joinery & Shopfitting Limited (Registered number: SC423631)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Miller Joinery & Shopfitting Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: G Miller
Mrs S L Miller





REGISTERED OFFICE: 109 Abercorn Street
Abercorn Industrial Estate
Paisley
PA3 4AT





REGISTERED NUMBER: SC423631 (Scotland)





ACCOUNTANTS: Dunellan Accountancy Limited
24 Chapel Street
Airdrie
ML6 6LG

Miller Joinery & Shopfitting Limited (Registered number: SC423631)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,951 20,242

CURRENT ASSETS
Stocks 5 134,675 156,980
Debtors 6 63,642 64,272
Cash at bank 21,700 10,813
220,017 232,065
CREDITORS
Amounts falling due within one year 7 190,934 180,451
NET CURRENT ASSETS 29,083 51,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,034

71,856

CREDITORS
Amounts falling due after more than one
year

8

21,667

31,667
NET ASSETS 23,367 40,189

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,267 40,089
SHAREHOLDERS' FUNDS 23,367 40,189

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Miller Joinery & Shopfitting Limited (Registered number: SC423631)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





G Miller - Director


Miller Joinery & Shopfitting Limited (Registered number: SC423631)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Miller Joinery & Shopfitting 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or 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 Joinery & Shopfitting Limited (Registered number: SC423631)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Pension costs for the year was £7,634 (2022 £7,116).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 43,682 52,740 3,035 99,457
Additions - - 840 840
At 31 May 2023 43,682 52,740 3,875 100,297
DEPRECIATION
At 1 June 2022 40,544 36,900 1,771 79,215
Charge for year 785 3,960 386 5,131
At 31 May 2023 41,329 40,860 2,157 84,346
NET BOOK VALUE
At 31 May 2023 2,353 11,880 1,718 15,951
At 31 May 2022 3,138 15,840 1,264 20,242

5. STOCKS
31.5.23 31.5.22
£    £   
Stocks 21,067 21,067
Work-in-progress 113,608 135,913
134,675 156,980

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 9,550 10,180
Prepayments 54,092 54,092
63,642 64,272

Miller Joinery & Shopfitting Limited (Registered number: SC423631)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 68,127 57,229
Tax 9,411 13,411
Social security and other taxes 13,601 38,192
VAT 58,158 34,586
Other creditors - 73
Directors' current accounts 31,637 26,960
190,934 180,451

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 11,667 21,667
21,667 31,667

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a loan existed between the company and its director. At 31st May 2023 the company owed its director £31,637 (2022 £26,960). The loan is interest free and has no fixed terms of repayment.

10. ULTIMATE CONTROLLING PARTY

The controlling party is G Miller.