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Registered number: 00363745
Miller Wheel & Cultivator Co.Limited(The)
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00363745
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 204,568 144,874
204,568 144,874
CURRENT ASSETS
Stocks 4,350 4,450
Debtors 5 376,750 26,919
Cash at bank and in hand 29,068 -
410,168 31,369
Creditors: Amounts Falling Due Within One Year 6 (101,293 ) (170,516 )
NET CURRENT ASSETS (LIABILITIES) 308,875 (139,147 )
TOTAL ASSETS LESS CURRENT LIABILITIES 513,443 5,727
Creditors: Amounts Falling Due After More Than One Year 7 (37,048 ) (49,122 )
NET ASSETS/(LIABILITIES) 476,395 (43,395 )
CAPITAL AND RESERVES
Called up share capital 8 1,800 1,800
Profit and Loss Account 474,595 (45,195 )
SHAREHOLDERS' FUNDS 476,395 (43,395)
Page 1
Page 2
For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P A Miller
Director
12/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Miller Wheel & Cultivator Co.Limited(The) is a private company, limited by shares, incorporated in England & Wales, registered number 00363745 . The registered office is Court Lodge Farm, Warren Road, Chelsfield, Orpington, Kent, BR6 6ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover represents the value of goods sold and services supplied in the UK net of VAT and trade discounts
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Land is not depreciated - Buildings 10% on Cost
Leasehold Over the period of the lease
Plant & Machinery 15% on cost
Motor Vehicles 15% on cost
Fixtures & Fittings 15% on cost
Computer Equipment Over three years
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Production 2 2
3 3
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 April 2023 1,744 95,943 308,426 -
Additions - - 42,425 55,888
Disposals - (25,588 ) (5,561 ) -
As at 31 March 2024 1,744 70,355 345,290 55,888
Depreciation
As at 1 April 2023 - 52,423 208,816 -
Provided during the period - 4,878 28,153 5,589
Disposals - (25,589 ) (5,561 ) -
As at 31 March 2024 - 31,712 231,408 5,589
Net Book Value
As at 31 March 2024 1,744 38,643 113,882 50,299
As at 1 April 2023 1,744 43,520 99,610 -
Fixtures & Fittings Total
£ £
Cost
As at 1 April 2023 1,961 408,074
Additions - 98,313
Disposals - (31,149 )
As at 31 March 2024 1,961 475,238
Depreciation
As at 1 April 2023 1,961 263,200
Provided during the period - 38,620
Disposals - (31,150 )
As at 31 March 2024 1,961 270,670
Net Book Value
As at 31 March 2024 - 204,568
As at 1 April 2023 - 144,874
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 174
Prepayments and accrued income 13,244 11,151
Other debtors 76,950 -
VAT 24,319 15,594
Amounts owed by associates 262,237 -
376,750 26,919
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,280 12,280
Trade creditors 2,457 1,019
Bank loans and overdrafts - 2,973
Corporation tax 16,628 -
Other taxes and social security 494 494
Accruals and deferred income 3,607 3,400
Directors' loan accounts 65,827 96,864
Amounts owed to associates - 53,486
101,293 170,516
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 37,048 49,122
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,800 1,800
Page 5