Company Registration No. 06196003 (England and Wales)
Millers Electrical and Building Services Limited
Unaudited accounts
for the year ended 31 May 2024
Millers Electrical and Building Services Limited
Unaudited accounts
Contents
Millers Electrical and Building Services Limited
Company Information
for the year ended 31 May 2024
Directors
Neville Miller
Paula Miller
Company Number
06196003 (England and Wales)
Registered Office
89 The Grove
West Wickham
BR4 9LA
England
Accountants
Anumerate Limited
Office 2.05, Clockwise
Old Town Hall
30 Tweedy Road
Bromley
BR13FE
Millers Electrical and Building Services Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
9,933
21,162
Creditors: amounts falling due within one year
(18,160)
(22,994)
Net current assets
14,163
14,245
Called up share capital
100
100
Profit and loss account
14,063
14,145
Shareholders' funds
14,163
14,245
For the year ending 31 May 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
Neville Miller
Director
Company Registration No. 06196003
Millers Electrical and Building Services Limited
Notes to the Accounts
for the year ended 31 May 2024
Millers Electrical and Building Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06196003. The registered office is 89 The Grove, West Wickham, BR4 9LA, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery - 20% straight line
Motor vehicles - 20% straight line
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Other Debtors includes £14,521 (2023: £9,709) of CIS asset reclaimed in the current year.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Millers Electrical and Building Services Limited
Notes to the Accounts
for the year ended 31 May 2024
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
1,084
-
Amounts falling due after more than one year
Other debtors
15,028
9,709
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,364
1,444
Taxes and social security
1,822
2,138
Loans from directors
6,000
4,000
Deferred income
1,965
7,722
Millers Electrical and Building Services Limited
Notes to the Accounts
for the year ended 31 May 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
At 31 May 2024 the Company owed the Directors £6,000 (2023: £4,000) in unpaid dividends, made up as follows: N Miller £3,000 (2023: £2,000) and P Miller £3,000 (£2,000).
Balances with related parties are unsecured, interest-free and have no fixed terms of repayment.
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Average number of employees
During the year the average number of employees was 6 (2023: 6).