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REGISTERED NUMBER: 08292408 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Butt Miller Limited

Butt Miller Limited (Registered number: 08292408)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Butt Miller Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: R W Moss
Mrs J E Moss
Mrs S E Ambrose
Mrs A J Elliott





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 08292408 (England and Wales)






Butt Miller Limited (Registered number: 08292408)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 147,332 180,073
Tangible assets 5 209,168 7,305
356,500 187,378

CURRENT ASSETS
Stocks 6 176,000 174,100
Debtors 7 253,346 417,893
Cash at bank and in hand 153,321 53,124
582,667 645,117
CREDITORS
Amounts falling due within one year 8 (491,657 ) (418,294 )
NET CURRENT ASSETS 91,010 226,823
TOTAL ASSETS LESS CURRENT LIABILITIES 447,510 414,201

CREDITORS
Amounts falling due after more than one year 9 (15,000 ) (25,000 )

PROVISIONS FOR LIABILITIES (41,277 ) (1,826 )
NET ASSETS 391,233 387,375

CAPITAL AND RESERVES
Called up share capital 158 158
Share premium 89,962 89,962
Retained earnings 301,113 297,255
SHAREHOLDERS' FUNDS 391,233 387,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Butt Miller Limited (Registered number: 08292408)

Statement of Financial Position - continued
30 November 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 16 August 2024 and were signed on its behalf by:





R W Moss - Director


Butt Miller Limited (Registered number: 08292408)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Butt Miller 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of services, net of VAT, provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the statement of financial position date, turnover represents the value of the services provided to date based on a proportion of the total expected consideration at completion.

Goodwill
Goodwill, being the amount paid in connection with the acquisitions of a business in 2012 and a business in 2014 has been fully amortised.
Goodwill, being the amount paid in connection with the acquisitions of a business in 2018 is being amortised evenly over its estimated useful life of 10 years. Goodwill is reviewed for impairment at the end of each financial year and any adjustments are made as necessary if circumstances emerge that indicate that the carrying value may not be recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the remaining period of the lease
Fixtures and fittings - 33.33% on cost
Computer equipment - 33.33% on cost

Work in progress
Work in progress represents unbilled time, plus expenses where appropriate. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to the value of the work performed.

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 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.

Butt Miller Limited (Registered number: 08292408)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued

Operating leases
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs
The company contributes to privately administered pension plans and operates a defined contribution pension scheme. Contributions are expensed as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 594,016
AMORTISATION
At 1 December 2022 413,943
Charge for year 32,741
At 30 November 2023 446,684
NET BOOK VALUE
At 30 November 2023 147,332
At 30 November 2022 180,073

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 - 28,362 47,331 75,693
Additions 157,623 62,804 24,355 244,782
At 30 November 2023 157,623 91,166 71,686 320,475
DEPRECIATION
At 1 December 2022 - 28,127 40,261 68,388
Charge for year 18,831 16,783 7,305 42,919
At 30 November 2023 18,831 44,910 47,566 111,307
NET BOOK VALUE
At 30 November 2023 138,792 46,256 24,120 209,168
At 30 November 2022 - 235 7,070 7,305

Butt Miller Limited (Registered number: 08292408)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


6. STOCKS
2023 2022
£    £   
Work in progress 176,000 174,100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 215,431 142,308
Other debtors 4,115 225,769
Client account - 12,049
Prepayments 33,800 37,767
253,346 417,893

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 27,144
Trade creditors 36,201 18,958
Amounts owed to group undertakings 290,000 209,700
Tax 29,433 73,214
Social security and other taxes 28,866 26,190
VAT 78,199 42,734
Other creditors 14,949 6,454
Client account - 12,049
Directors' current accounts 619 774
Accrued expenses 3,390 1,077
491,657 418,294

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,000 15,000
15,000 25,000

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 42,000 42,000
Between one and five years 168,000 168,000
In more than five years 39,699 81,699
249,699 291,699

Butt Miller Limited (Registered number: 08292408)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


11. SECURED DEBTS

Lloyds Bank Plc holds a fixed and floating charge over the company's assets.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mrs A J Elliott
Balance outstanding at start of year (262 ) (276 )
Amounts advanced 29 -
Amounts repaid - 14
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (233 ) (262 )

Mrs J E Moss
Balance outstanding at start of year (236 ) (276 )
Amounts advanced 126 -
Amounts repaid - 40
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (110 ) (236 )

Mrs S E Ambrose
Balance outstanding at start of year (276 ) (276 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (276 ) (276 )

The loans are unsecured, interest free and repayable on demand.