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REGISTERED NUMBER: 07489830 (England and Wales)



















Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 March 2024

for

Miller Knight Resource Management Ltd

Miller Knight Resource Management Ltd (Registered number: 07489830)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Profit and Loss Account 9

Balance Sheet 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12


Miller Knight Resource Management Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D F Dickson
J M Warman





REGISTERED OFFICE: Ransom Hall
Southwell Road West
Rainworth
Mansfield
Nottinghamshire
NG21 0HJ





REGISTERED NUMBER: 07489830 (England and Wales)





AUDITORS: Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Miller Knight Resource Management Ltd (Registered number: 07489830)

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
The last 12 months has continued the trend of exceptional profitable growth with a more than 60% increase in turnover. Our unique positioning as a passive fire protection specialist with considerable experience as a principal contractor continues to be the main enabler to this growth.

Over the year, we have further increased our strong reputation for quality and customer focus and remain confident of the ability to secure future workload from the fire remedial market.

We have also seen growth in our regional construction refurbishment and regeneration sector focussed around the Midlands.

As mentioned in previous strategic reports, our people are everything and our desire to reward them for their contribution has allowed us to maintain exceptionally high retention rates and attract new talent.

Key Performance Indicators

The company uses a number of key performance indicators to track our performance and assist us in remaining responsive to any changes in market conditions. This enables us to achieve our short and long term aspirations for the company.

The key indicators for the period are as follows:

31/03/2024 31/03/2023
£ £
Turnover 24,165,824 18,153,951
Gross profit 4,538,589 2,913,294
Profit before tax 1,472,833 750,633

PRINCIPAL RISKS AND UNCERTAINTIES
Our ability to identify and effectively manage risk is a vital part of our continued success. Control measures and strategies to reduce the impact of risk are agreed as a Board and implemented where possible. The directors have identified the following key business risks that could have a material impact on the company's future performance along with the controls in place to manage said risk:

Health and safety risk: as a contractor involved in construction operations, our activities are potentially hazardous. Failure to manage this risk could result in injury to employees, subcontractors, or members of the public. This could expose the company to significant potential liability and reputational damage. Health and safety is our number one priority and we have clear and comprehensive processes in place, accredited to BS EN ISO 45001, to minimise such risks. We constantly review and monitor our safety performance and adopt a policy of continuous improvement to actively reduce the risk.

Financial risk: the company's, and its associated companies', principal financial instruments comprise the operational bank accounts and short-term deposit accounts. The directors have maintained a conservative approach to dividends coupled with excellent financial control to ensure that cash reserves remain suitable for the continued growth of the company without the need for potentially expensive external financing.

Market risk: the UK economy continues to remain somewhat stagnant with low growth and in the construction industry, this has the potential of causing a downward pressure on tender prices and reduced margins. Our focus on the specialist area of fire safety minimises this risk along with shrewd decisions as to which refurbishment and regeneration projects to focus on.

Inflation risk: inflation on both wages and construction materials has improved from last year but still remains high. Careful procurement of materials and the short average duration of our projects allows us to avoid inflationary pressures on the cost of projects versus their estimated cost.

Miller Knight Resource Management Ltd (Registered number: 07489830)

Strategic Report
for the Year Ended 31 March 2024


Workforce and supply chain risk: the construction industry continues to have a shortage of skilled labour. The training and development of our staff enables us to attract high calibre candidates. By treating our supply chain fairly, we can ensure excellent working relationships, ensuring continuity of resources.

Credit risk: our credit worthiness has the potential to affect our lines of credit with our supply chain. Our credit worthiness is regularly checked and action taken where necessary. Good fiscal management and profitability maximise our credit score.

ORGANISATION
The directors continue to monitor the company's organisation and profitability within a competitive industry. Changes are implemented where deemed appropriate in order to minimise the effects of the risks and uncertainties the company faces.

ON BEHALF OF THE BOARD:





J M Warman - Director


27 November 2024

Miller Knight Resource Management Ltd (Registered number: 07489830)

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
Interim Dividends of £5,000 per share on the Ordinary shares were paid throughout the period.

The total distribution of dividends for the period ending 31 March 2024 was £500,000.

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

D F Dickson
J M Warman

Other changes in directors holding office are as follows:

A M Burns ceased to be a director after 31 March 2024 but prior to the date of this report.

FINANCIAL INSTRUMENTS AND RISK MANAGEMENT
The company's financial assets and liabilities consist of trade debtors, trade creditors and cash balances.

The directors manage the company's exposure to financial risk by researching the credit worthiness of customers and by seeking advice from the company's external financial advisers.

The company does not trade in foreign currencies.

The company does not trade speculatively in derivatives or similar instruments.

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.

Miller Knight Resource Management Ltd (Registered number: 07489830)

Report of the Directors
for the Year Ended 31 March 2024


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 ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





J M Warman - Director


27 November 2024

Report of the Independent Auditors to the Members of
Miller Knight Resource Management Ltd

Opinion
We have audited the financial statements of Miller Knight Resource Management Ltd (the 'company') for the year ended 31 March 2024 which comprise the Profit and Loss Account, 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.

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.

Report of the Independent Auditors to the Members of
Miller Knight Resource Management Ltd


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 four, 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.

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.

Based on our understanding of the company and industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the security industry and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. Audit procedures performed by the engagement team included:

- Enquiry of management around actual and potential litigation and claims;
- Reviewing financial statement disclosures and testing to supporting documentation to assess
compliance with applicable laws and regulations;
- Performing audit work over the risk of management override of controls, including testing of journal
entries and other adjustments for appropriateness, evaluating the business rationale of significant
transactions outside the normal course of business and reviewing accounting estimates for bias.

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.

Report of the Independent Auditors to the Members of
Miller Knight Resource Management Ltd


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.




Wayne Thomas FCA (Senior Statutory Auditor)
for and on behalf of Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

29 November 2024

Miller Knight Resource Management Ltd (Registered number: 07489830)

Profit and Loss Account
for the Year Ended 31 March 2024

Period
1.1.22
Year Ended to
31.3.24 31.3.23
Notes £    £   

TURNOVER 24,165,824 18,153,951

Cost of sales 19,627,235 15,240,657
GROSS PROFIT 4,538,589 2,913,294

Administrative expenses 3,085,704 2,169,284
OPERATING PROFIT 4 1,452,885 744,010

Interest receivable and similar income 19,948 6,623
PROFIT BEFORE TAXATION 1,472,833 750,633

Tax on profit 5 166,468 300,974
PROFIT FOR THE FINANCIAL YEAR 1,306,365 449,659

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,306,365

449,659

Miller Knight Resource Management Ltd (Registered number: 07489830)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 9,577 17,785

CURRENT ASSETS
Stocks 8 776,229 584,469
Debtors: amounts falling due within one
year

9

7,126,973

4,567,644
Debtors: amounts falling due after more
than one year

9

231,959

88,097
Cash at bank 3,297,040 1,948,877
11,432,201 7,189,087
CREDITORS
Amounts falling due within one year 10 8,553,356 4,052,209
NET CURRENT ASSETS 2,878,845 3,136,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,888,422

3,154,663

CREDITORS
Amounts falling due after more than one
year

11

-

(225,000

)

PROVISIONS FOR LIABILITIES 15 (2,394 ) (850,000 )
NET ASSETS 2,886,028 2,079,663

CAPITAL AND RESERVES
Called up share capital 16 100 100
Retained earnings 2,885,928 2,079,563
SHAREHOLDERS' FUNDS 2,886,028 2,079,663

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





J M Warman - Director


Miller Knight Resource Management Ltd (Registered number: 07489830)

Statement of Changes in Equity
for the Year Ended 31 March 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 100 1,629,904 1,630,004

Changes in equity
Total comprehensive income - 449,659 449,659
Balance at 31 March 2023 100 2,079,563 2,079,663

Changes in equity
Dividends - (500,000 ) (500,000 )
Total comprehensive income - 1,306,365 1,306,365
Balance at 31 March 2024 100 2,885,928 2,886,028

Miller Knight Resource Management Ltd (Registered number: 07489830)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Miller Knight Resource Management Ltd 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.

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
Other than on certain long term contracts, turnover represents the amounts (excluding value added tax) derived from the provision of goods and services. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

Revenue on long term contracts is recognised in accordance with the stage of completion of contractual obligations to the customer. The stage of completion is assessed by reference to the value of work done.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery- 15% reducing balance
Computer equipment- 15% reducing balance
Motor vehicles- 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Stocks
Work in progress is valued at the lower of cost and net realisable value. Net realisable value is based on the estimated selling price less further costs expected to be incurred to completion.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account as incurred.

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.

Miller Knight Resource Management Ltd (Registered number: 07489830)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Related parties
The company is a wholly owned subsidiary undertaking of Miller Knight Group Holdings Limited. The company has taken advantage of the exemption contained within Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of this group, other than as normally disclosed in the notes to the financial statements.

Judgements in applying accounting policies and key source of estimation
In the application of the company's accounting policies the directors are required to make judgement estimates and assumptions about the carrying amounts of the company's assets and liabilities. These are based on historical experience and other factors that are considered relevant and are reviewed on a regular basis and recognised in the period in which the estimate is revised. Actual results may differ from these estimates.

The following are the critical judgements and where relevant the key sources of estimation uncertainty:

The recoverability of debtors is assessed on the likelihood and circumstances of the particular cost.

Long term contracts are those extending in excess of 12 months and any of a shorter duration which are material to the activity of the period. Attributable profit is recognised once the outcome of a long term contract can be assessed with reasonable certainty. Attributable profit is recognised on the cost percentage completion method. Immediate provision is made for all foreseeable losses if a contract is assessed as unprofitable.

3. EMPLOYEES AND DIRECTORS
Period
1.1.22
Year Ended to
31.3.24 31.3.23
£    £   
Wages and salaries 240,829 124,284
Social security costs 24,100 7,528
Other pension costs 6,680 3,384
271,609 135,196

The average number of employees during the year was as follows:
Period
1.1.22
Year Ended to
31.3.24 31.3.23

Administration 5 3

Period
1.1.22
Year Ended to
31.3.24 31.3.23
£    £   
Directors' remuneration - -

Miller Knight Resource Management Ltd (Registered number: 07489830)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.1.22
Year Ended to
31.3.24 31.3.23
£    £   
Hire of plant and machinery 402,748 313,229
Depreciation - owned assets 8,208 6,840
Auditors' remuneration 13,125 7,500
Auditors' remuneration for non audit work 4,375 2,500

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
Period
1.1.22
Year Ended to
31.3.24 31.3.23
£    £   
Current tax:
UK corporation tax 164,000 301,000
Prior year adjustment 74 (26 )
Total current tax 164,074 300,974

Deferred tax 2,394 -
Tax on profit 166,468 300,974

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:

Period
1.1.22
Year Ended to
31.3.24 31.3.23
£    £   
Profit before tax 1,472,833 750,633
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 19%)

368,208

142,620

Effects of:
Expenses not deductible for tax purposes (206,260 ) 161,759
Adjustments to tax charge in respect of previous periods 74 (26 )
Capital allowances in excess of depreciation 4,446 (3,379 )
Total tax charge 166,468 300,974

Miller Knight Resource Management Ltd (Registered number: 07489830)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DIVIDENDS
Period
1.1.22
Year Ended to
31.3.24 31.3.23
£    £   
Ordinary shares of £1 each
Interim 500,000 -

7. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 30,430 24,625 13,594 68,649
DEPRECIATION
At 1 April 2023 30,430 6,840 13,594 50,864
Charge for year - 8,208 - 8,208
At 31 March 2024 30,430 15,048 13,594 59,072
NET BOOK VALUE
At 31 March 2024 - 9,577 - 9,577
At 31 March 2023 - 17,785 - 17,785

8. STOCKS
2024 2023
£    £   
Work-in-progress 776,229 584,469

9. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 3,619,509 1,977,116
Amounts recoverable on contract 1,843,822 1,037,617
Other debtors - 12,750
Directors' current accounts 272 -
Tax 122,500 -
Owed by related parties 1,540,870 1,540,161
7,126,973 4,567,644

Amounts falling due after more than one year:
Trade debtors 231,959 88,097

Aggregate amounts 7,358,932 4,655,741

Miller Knight Resource Management Ltd (Registered number: 07489830)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 12) - 100,000
Payments on account 262,266 55,000
Trade creditors 6,302,852 2,443,333
Amounts owed to group undertakings 1,000 20,000
Tax - 301,000
Social security and other taxes 987,106 533,515
Other creditors 5,287 -
Accrued expenses 994,845 599,361
8,553,356 4,052,209

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 12) - 225,000

12. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - 100,000

Amounts falling due between one and two years:
Bank loans - 1-2 years - 100,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 125,000

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 21,250

14. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 325,000

Loans have been repaid during the year.

Miller Knight Resource Management Ltd (Registered number: 07489830)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

15. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,394 -
Other provisions - 850,000
2,394 850,000

Deferred Other
tax provisions
£    £   
Balance at 1 April 2023 - 850,000
Provided during year 2,394 -
Utilised during year - (850,000 )
Balance at 31 March 2024 2,394 -

16. CALLED UP SHARE CAPITAL

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

17. ULTIMATE PARENT COMPANY

The company's immediate and ultimate parent undertaking is Miller Knight Group Holdings Limited, Unit 2b, Sherwood Oaks Close, Sherwood Oaks Business Park, Mansfield, England, NG18 4TB. Copies of the consolidated financial statements of Miller Knight Group Holdings Limited are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.

Post year end, following restructure of the group, the new ultimate parent company is Miller Knight Group Limited.

18. RELATED PARTY DISCLOSURES

The company trades with other companies controlled by the directors. Included within debtors is a balance owed from these companies of £1,540,870 (2023 - £1,540,161). Purchases during the year totalled £96,000 (2023 - £120,000) and included in trade creditors is a balance of £Nil (2023 - £8,000). The balance are interest free and repayable upon demand.