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REGISTERED NUMBER: SC435457 (Scotland)
















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Miller Beckett & Jackson Limited

Miller Beckett & Jackson Limited (Registered number: SC435457)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Miller Beckett & Jackson Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: C.D. Jackson
A.E. Soutter
V E Mitchell
J Hanif
R.F. Frame





SECRETARY: M.T.B.W Nominees Limited





REGISTERED OFFICE: 145 St. Vincent Street
Glasgow
G2 5JF





REGISTERED NUMBER: SC435457 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Miller Beckett & Jackson Limited (Registered number: SC435457)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,117 10,772
10,117 10,772

CURRENT ASSETS
Debtors 6 1,016,503 910,205
Cash at bank and in hand 4,099,860 4,767,778
5,116,363 5,677,983
CREDITORS
Amounts falling due within one year 7 (3,965,897 ) (4,559,142 )
NET CURRENT ASSETS 1,150,466 1,118,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,160,583

1,129,613

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,160,483 1,129,513
SHAREHOLDERS' FUNDS 1,160,583 1,129,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Miller Beckett & Jackson Limited (Registered number: SC435457)

Balance Sheet - continued
29 February 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





C.D. Jackson - Director


Miller Beckett & Jackson Limited (Registered number: SC435457)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Miller Beckett & Jackson 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, is the amount paid in connection with the acquisition of two businesses in 2013. The goodwill in respect of one of the businesses acquired has been written off in full. Goodwill in respect of the other business is being amortised evenly over its estimated useful life of 10 years.

The company policy is to review the remaining estimated useful life and residual value on an ongoing basis and to adjust the amortisation charge to reflect the remaining estimated useful life and residual value.

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 etc - 20% on cost, 10% on cost and 2% on cost

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value

Financial instruments
Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents
Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts. In the balance sheet bank overdrafts are shown in creditors amounts falling due within one year.

Creditors
Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.


Miller Beckett & Jackson Limited (Registered number: SC435457)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. 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 defined benefit and defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 1,250,000
AMORTISATION
At 1 March 2023
and 29 February 2024 1,250,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

Miller Beckett & Jackson Limited (Registered number: SC435457)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 61,490
Additions 2,974
At 29 February 2024 64,464
DEPRECIATION
At 1 March 2023 50,718
Charge for year 3,629
At 29 February 2024 54,347
NET BOOK VALUE
At 29 February 2024 10,117
At 28 February 2023 10,772

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 895,233 780,344
Other debtors 121,270 129,861
1,016,503 910,205

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 3,822,770 4,317,150
Taxation and social security 42,331 79,522
Other creditors 100,796 162,470
3,965,897 4,559,142

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.2.24 28.2.23
£    £   
Within one year 95,587 95,840
Between one and five years 383,360 380,400
In more than five years 3,699,963 3,796,075
4,178,910 4,272,315

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors at the year end is a balance of £45,252 (2023: £54,758) due from directors. These loans are interest free and payable on demand.

Miller Beckett & Jackson Limited (Registered number: SC435457)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. PENSION COMMITMENTS

Financial Reporting Standard 102, section 28.

The company sponsored the Miller Beckett & Jackson Limited Pension and Life Assurance Scheme which is a defined benefit arrangement.

The company is required to comply with FRS102, section 28, for the period ended 28 February 2023. However, in the opinion of the directors, the expense involved in obtaining the information to enable these disclosures to be made cannot be justified.

The following information has not been disclosed or incorporated in the accounts:

- The major assumptions that would have been used by an actuary, had a valuation been carried out.

- The fair value of the scheme assets, the present value of the scheme liabilities and the resulting net surplus or deficit.

- The charge to operating profit in respect of the operating charge.

- The actuarial gain or loss that should be recognised in the statement of total recognised gains and losses (STRGL).

- The history of experience gains and losses.

It is not envisaged that the above information will be obtained in future years.