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REGISTERED NUMBER: 04253745 (England and Wales)












MILLERS OF LONGTON LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12


MILLERS OF LONGTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Miller
Mrs J Miller
J J Miller





REGISTERED OFFICE: Gill Lane
Longton
Preston
PR4 4SR





REGISTERED NUMBER: 04253745 (England and Wales)





AUDITORS: Rushtons
Chartered Accountants
Statutory Auditors
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB

MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2024

The directors present their strategic report for the year ended 31 March 2024.

REVIEW OF BUSINESS
Millers of Longton Ltd is a 24HR commercial vehicle recovery company. The company is situated in Lancashire offering various services: a control room for assistance in vehicle recovery within the UK and Europe, commercial vehicle workshops, MOT facilities up to class 7, HGV vehicle rental and commercial properties for rent.

In the year to 31 March 2024, the company's revenue increased by 8%. The company is in a stable position and continues to acquire land to develop its existing premises. The core client base is being maintained and the directors use various Key Performance Indicators (KPIs), such as a wide range of profitability, efficiency and liquidity ratios.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors have considered the principal risks and uncertainties which face the business and are satisfied that they have systems in place to address these risks. These matters are reviewed at regular Board meetings, which also include devising strategies for maintaining high quality standards and training and developing staff.

Liquidity and cash flow
The company actively monitors its financial position in ensuring that it has sufficient funds for its operational requirements and investment for future growth. There are no concerns in this capacity.

Credit risk
Credit checks are performed where possible and strict credit control procedures mitigate the risk of credit extension to customers. There are no concerns in this capacity.

ON BEHALF OF THE BOARD:





J Miller - Director


16 September 2024

MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIVIDENDS
The directors have declared dividends totalling £1,515,000 (2023: £98,500) during the year.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

J Miller
Mrs J Miller
J J Miller

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024


AUDITORS
The auditors, Rushtons, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J Miller - Director


16 September 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MILLERS OF LONGTON LIMITED

Opinion
We have audited the financial statements of Millers of Longton Limited (the 'company') for the year ended 31 March 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MILLERS OF LONGTON LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MILLERS OF LONGTON LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- The nature of the industry and sector, control environment and business performance.
- Enquiring of management, including obtaining and reviewing supporting documentation,
concerning the company's policies and procedures relating to:
- Identifying, evaluating and complying with laws and regulations and whether they were
aware of any instances of non-compliance;
- Detecting and responding to the risks of fraud and whether they have knowledge of any
actual, suspected or alleged fraud;
- The internal controls established to mitigate risks related to fraud or non-compliance with
laws and regulations.
- Discussing among the engagement team regarding how and where fraud might occur in the
financial statements and any potential indicators of fraud, and;
- Obtaining an understanding of the legal and regulatory frameworks that the company
operates in, focusing on those laws and regulations that had a direct effect on the financial
statements, such as provisions of the UK Companies Act, pensions legislation and tax
legislation or that had a fundamental effect on the operations of the company, including the
General Data Protection requirements, Anti-bribery and corruption policies and
Environmental laws and regulations pertaining to this industry.

In addition to the above, our procedures to respond to risks identified included the following:
- Reviewing the financial statement disclosures and testing to supporting documentation to
assess compliance with provisions of relevant laws and regulations described as having a
direct effect on the financial statements;
- Enquiring of management concerning actual and potential litigation and claims;
- Performing analytical procedures to identify any unusual or unexpected relationships that
may indicate risks of material misstatement due to fraud;
- Reading available minutes of meetings of those charged with governance; and
- Testing journal entries to identify unusual transactions.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MILLERS OF LONGTON LIMITED

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Adam Calvert ACA (Senior Statutory Auditor)
for and on behalf of Rushtons
Chartered Accountants
Statutory Auditors
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB

16 September 2024

MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 3 14,845,778 13,745,467

Cost of sales 11,433,480 10,642,541
GROSS PROFIT 3,412,298 3,102,926

Administrative expenses 1,494,785 1,853,850
1,917,513 1,249,076

Other operating income 112,939 161,691
OPERATING PROFIT 5 2,030,452 1,410,767

Interest receivable and similar
income

33,069

7,746
2,063,521 1,418,513

Interest payable and similar
expenses

6

-

56
PROFIT BEFORE TAXATION 2,063,521 1,418,457

Tax on profit 7 306,614 95,376
PROFIT FOR THE FINANCIAL YEAR 1,756,907 1,323,081

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,756,907

1,323,081

MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 690,159 742,105

CURRENT ASSETS
Stocks 10 5,000 5,000
Debtors 11 3,256,724 3,006,445
Cash at bank and in hand 1,924,584 1,674,975
5,186,308 4,686,420
CREDITORS
Amounts falling due within one year 12 2,318,225 2,135,696
NET CURRENT ASSETS 2,868,083 2,550,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,558,242

3,292,829

PROVISIONS FOR LIABILITIES 16 24,163 657
NET ASSETS 3,534,079 3,292,172

CAPITAL AND RESERVES
Called up share capital 17 111 111
Retained earnings 18 3,533,968 3,292,061
SHAREHOLDERS' FUNDS 3,534,079 3,292,172

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:




J Miller - Director



Mrs J Miller - Director


MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 111 2,067,480 2,067,591

Changes in equity
Dividends - (98,500 ) (98,500 )
Total comprehensive income - 1,323,081 1,323,081
Balance at 31 March 2023 111 3,292,061 3,292,172

Changes in equity
Dividends - (1,515,000 ) (1,515,000 )
Total comprehensive income - 1,756,907 1,756,907
Balance at 31 March 2024 111 3,533,968 3,534,079

MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Millers of Longton 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements are for this individual entity. They have been prepared in Sterling and are rounded to £1.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on cost and 15% on reducing balance
Motor vehicles - 5% on reducing balance

The depreciation estimate on motor vehicles has been amended this year from 25% to 5% reducing balance. This is to reflect the constant repair and maintenance work that goes into the heavy goods vehicles to keep them in their best condition, which keeps their value high. This is reflected in the high sales prices when they are sold.

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


MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Recoveries 14,125,191 13,145,538
Workshop sales 720,587 504,629
Recovery rental charges - 95,300
14,845,778 13,745,467

MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 1,263,817 1,161,014
Social security costs 833 758
Other pension costs 149,532 24,541
1,414,182 1,186,313

The average number of employees during the year was as follows:
2024 2023

Administration (inc Directors) 31 28
Workshop/Recovery 5 5
36 33

2024 2023
£    £   
Directors' remuneration 28,299 35,986
Directors' pension contributions to money purchase schemes 120,000 -

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 -

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 6,480 6,047
Depreciation - owned assets 41,552 58,138
(Profit)/loss on disposal of fixed assets (428,892 ) 181,696
Auditors' remuneration 12,000 12,000

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest - 56

MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 283,108 311,433

Deferred tax 23,506 (216,057 )
Tax on profit 306,614 95,376

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 2,063,521 1,418,457
Profit multiplied by the standard rate of corporation tax in the
UK of 25% (2023 - 19%)

515,880

269,507

Effects of:
Expenses not deductible for tax purposes 25,278 34,522
Capital allowances in excess of depreciation (13,206 ) -
Depreciation in excess of capital allowances - 7,404
Origination and reversal of timing differences 23,506 (216,057 )
Group Relief (244,844 ) -
Total tax charge 306,614 95,376

8. DIVIDENDS
2024 2023
£    £   
Ordinary shares of 1 each
Interim 1,500,000 83,500
A Ordinary shares of 1 each
Interim 15,000 15,000
1,515,000 98,500

MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 123,021 233,703 20,407 1,118,776 1,495,907
Additions - 25,379 - 65,335 90,714
Disposals - - - (160,615 ) (160,615 )
At 31 March 2024 123,021 259,082 20,407 1,023,496 1,426,006
DEPRECIATION
At 1 April 2023 10,222 153,070 17,357 573,153 753,802
Charge for year 2,461 12,412 872 25,807 41,552
Eliminated on disposal - - - (59,507 ) (59,507 )
At 31 March 2024 12,683 165,482 18,229 539,453 735,847
NET BOOK VALUE
At 31 March 2024 110,338 93,600 2,178 484,043 690,159
At 31 March 2023 112,799 80,633 3,050 545,623 742,105

10. STOCKS
2024 2023
£    £   
Stocks 5,000 5,000

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,749,038 2,538,543
Other debtors 3,175 15,010
Prepayments and accrued income 504,511 452,892
3,256,724 3,006,445

The comparative amount for accrued income amounting £440,022 has been reclassified from stock to prepayments and accrued income.

MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 13)
-

120,043
Trade creditors 1,071,118 1,056,718
Amounts owed to group undertakings 832,526 422,261
Tax 115,514 172,376
Social security and other taxes 162,681 192,130
Other creditors 11,920 9,857
Directors' current accounts 1 192
Accrued expenses 124,465 162,119
2,318,225 2,135,696

13. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 120,043

14. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 1,835
Between one and five years - 360
- 2,195

15. SECURED DEBTS

There is an overdraft facility in place of £200,000.

There is a credit card facility in place of £64,000.

There is a debenture including Fixed Charge over all present freehold and leasehold property; First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and First Floating Charge over all assets and undertaking both present and future dated 9 October 2001.

There is a composite Company Unlimited Multilateral Guarantee dated 12 February 2016, given by Millers of Longton Limited and Millers of Longton Holdings Limited.

MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

16. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 24,163 657

Deferred
tax
£   
Balance at 1 April 2023 657
Charge to Statement of Comprehensive Income during year 23,506
Balance at 31 March 2024 24,163

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:
Nominal
value:

2024

2023
£    £   
100 Ordinary £1 100 100
11 A Ordinary £1 11 11
111 111

18. RESERVES
Retained
earnings
£   

At 1 April 2023 3,292,061
Profit for the year 1,756,907
Dividends (1,515,000 )
At 31 March 2024 3,533,968

MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

19. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J Miller and Mrs J Miller
Balance outstanding at start of year 114 635
Amounts advanced 22,311 53,700
Amounts repaid (22,425 ) (54,221 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 114

J J Miller
Balance outstanding at start of year 78 293
Amounts advanced 207,040 29,800
Amounts repaid (207,118 ) (30,015 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 78

20. RELATED PARTY DISCLOSURES

Millers of Longton Holdings Limited is the parent company of Millers of Longton Limited. During the year, purchases were paid to Millers of Longton Holdings Limited amounting to £208,500 (2023: £208,500), while sales amounted to nil (2023: £2,123). As of 31 March 2024, the creditor balance owed to Millers of Longton Holdings Limited was £832,526 (2023: £422,261).

Mr J Miller & Mrs J Miller privately own the office buildings and land which are rented to the company. The amount paid by the company during the year in respect of this was £25,030 (2023: £35,645).

MILLERS OF LONGTON LIMITED (REGISTERED NUMBER: 04253745)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

21. ULTIMATE CONTROLLING PARTY

The directors consider the ultimate parent undertaking to be Millers of Longton Holdings Limited, a company incorporated in the United Kingdom. The registered office and principle place of business for the parent company is:

Wendover
Gill Lane
Longton
Preston
PR4 4SR

The group accounts for Millers of Longton Holdings Limited are publicly available from Companies House at the following address:

The Registrar of Companies
Companies House
Crown Way
Cardiff
CF14 3UZ.