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REGISTERED NUMBER: SC266620 (Scotland)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GRANT MILLER VEHICLES LIMITED

GRANT MILLER VEHICLES LIMITED (REGISTERED NUMBER: SC266620)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

GRANT MILLER VEHICLES LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: J G Miller
Mrs B Miller
B M Miller





SECRETARY: Mrs B Miller





REGISTERED OFFICE: 22 Lesmahagow Road
Boghead
Lanarkshire
ML11 0JA





REGISTERED NUMBER: SC266620 (Scotland)





ACCOUNTANTS: G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ

GRANT MILLER VEHICLES LIMITED (REGISTERED NUMBER: SC266620)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,388 3,485

CURRENT ASSETS
Stocks 292,933 293,036
Debtors 5 5,620 4,339
Cash at bank and in hand 141,278 145,777
439,831 443,152
CREDITORS
Amounts falling due within one year 6 66,837 74,150
NET CURRENT ASSETS 372,994 369,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,382

372,487

CREDITORS
Amounts falling due after more than one
year

7

21,652

30,558
NET ASSETS 358,730 341,929

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 358,580 341,779
SHAREHOLDERS' FUNDS 358,730 341,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

GRANT MILLER VEHICLES LIMITED (REGISTERED NUMBER: SC266620)

BALANCE SHEET - continued
31 January 2024


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 October 2024 and were signed on its behalf by:





J G Miller - Director


GRANT MILLER VEHICLES LIMITED (REGISTERED NUMBER: SC266620)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Grant Miller Vehicles 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.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

GRANT MILLER VEHICLES LIMITED (REGISTERED NUMBER: SC266620)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 February 2023 11,329 42,429 1,556 55,314
Additions - 5,750 - 5,750
At 31 January 2024 11,329 48,179 1,556 61,064
DEPRECIATION
At 1 February 2023 11,329 39,037 1,463 51,829
Charge for year - 1,828 19 1,847
At 31 January 2024 11,329 40,865 1,482 53,676
NET BOOK VALUE
At 31 January 2024 - 7,314 74 7,388
At 31 January 2023 - 3,392 93 3,485

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 5,620 4,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 18,165 8,668
Taxation and social security 15,531 35,249
Other creditors 33,141 30,233
66,837 74,150

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other creditors 21,652 30,558

GRANT MILLER VEHICLES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
GRANT MILLER VEHICLES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ


Date: .............................................