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REGISTERED NUMBER: 04655100 (England and Wales)















P. J. Miller Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






P. J. Miller Limited (Registered number: 04655100)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


P. J. Miller Limited

Company Information
for the year ended 31st March 2024







DIRECTOR: P J Miller





SECRETARY: Ms J Buck





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: Unit 5
North Portway Close
Round Spinney
Northampton
NN3 8RQ





REGISTERED NUMBER: 04655100 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

P. J. Miller Limited (Registered number: 04655100)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 50,696 27,424
50,696 27,424

CURRENT ASSETS
Stocks 98,123 90,000
Debtors 7 106,210 111,388
Cash at bank 122,236 161,744
326,569 363,132
CREDITORS
Amounts falling due within one year 8 125,501 117,314
NET CURRENT ASSETS 201,068 245,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,764

273,242

PROVISIONS FOR LIABILITIES 10 3,300 4,700
NET ASSETS 248,464 268,542

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 248,364 268,442
SHAREHOLDERS' FUNDS 248,464 268,542

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 31st October 2024 and were signed by:





P J Miller - Director


P. J. Miller Limited (Registered number: 04655100)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

P. J. 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 (£).


The principal activity of the company in the year under review was that of blacksmith and steelwork.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


P. J. Miller Limited (Registered number: 04655100)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 75,000
AMORTISATION
At 1st April 2023
and 31st March 2024 75,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 57,219 61,654 - 118,873
Additions 20,160 15,300 254 35,714
At 31st March 2024 77,379 76,954 254 154,587
DEPRECIATION
At 1st April 2023 43,880 47,569 - 91,449
Charge for year 5,015 7,343 84 12,442
At 31st March 2024 48,895 54,912 84 103,891
NET BOOK VALUE
At 31st March 2024 28,484 22,042 170 50,696
At 31st March 2023 13,339 14,085 - 27,424

P. J. Miller Limited (Registered number: 04655100)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 100,999 105,289
Staff loans - 1,350
Prepayments and accrued income 5,211 4,749
106,210 111,388

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 4,341 -
Trade creditors 92,920 56,867
Tax - 14,513
Social security and other taxes 5,551 5,324
Pensions 372 474
VAT 22,207 28,029
Other creditors - 753
Directors' loan accounts 110 11,354
125,501 117,314

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 4,341 -

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,300 4,700

Deferred
tax
£   
Balance at 1st April 2023 4,700
Provided during year (1,400 )
Balance at 31st March 2024 3,300

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st March 2024 or 31st March 2023.

13. CAPITAL COMMITMENTS

There were no capital commitments as at 31st March 2024 or 31st March 2023.