Company registration number 09617746 (England and Wales)
MILLERS FLORAL DESIGN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
MILLERS FLORAL DESIGN LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
MILLERS FLORAL DESIGN LTD
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
22,000
24,000
Tangible assets
4
16,496
19,407
38,496
43,407
Current assets
Stocks
4,100
4,045
Debtors
5
1,909
2,249
Cash at bank and in hand
6,766
12,167
12,775
18,461
Creditors: amounts falling due within one year
6
(24,393)
(22,631)
Net current liabilities
(11,618)
(4,170)
Total assets less current liabilities
26,878
39,237
Creditors: amounts falling due after more than one year
7
(4,250)
(7,250)
Net assets
22,628
31,987
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
22,528
31,887
Total equity
22,628
31,987

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

MILLERS FLORAL DESIGN LTD
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 23 January 2025
Mrs B Jackson
Director
Company registration number 09617746 (England and Wales)
MILLERS FLORAL DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis. The validity of this basis relies on the continuing support of its creditors and director, who is also the controlling shareholder. The director has confirmed that this support will not be withdrawn for the forseeable future, to allow the company to meet its liabilities as they fall due. The directors therefore considers it appropriate that the financial statements are prepared on a going concern basis.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

 

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
5% straight line
Office equipment
15% reducing balance
Fixtures and fittings
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

MILLERS FLORAL DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.12
Company information

Millers Floral Design Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Low Crompton Farm, Low Crompton Road, Oldham, Lancashire, OL2 6YP.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
5
MILLERS FLORAL DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2023 and 30 June 2024
40,000
Amortisation and impairment
At 1 July 2023
16,000
Amortisation charged for the year
2,000
At 30 June 2024
18,000
Carrying amount
At 30 June 2024
22,000
At 30 June 2023
24,000
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2023 and 30 June 2024
17,389
9,857
27,246
Depreciation and impairment
At 1 July 2023
3,907
3,932
7,839
Depreciation charged in the year
2,022
889
2,911
At 30 June 2024
5,929
4,821
10,750
Carrying amount
At 30 June 2024
11,460
5,036
16,496
At 30 June 2023
13,482
5,925
19,407
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,847
2,187
Other debtors
62
62
1,909
2,249
MILLERS FLORAL DESIGN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
3,000
3,000
Trade creditors
3,421
3,421
Taxation and social security
7,467
7,195
Other creditors
10,505
9,015
24,393
22,631
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,250
7,250
8
Financial commitments, guarantees and contingent liabilities

The director is not aware of any contingent liabilities.

 

9
Events after the reporting date

There have been no significant post balance sheet events.

 

2024-06-302023-07-01falsefalsefalse24 January 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMrs B Jackson096177462023-07-012024-06-30096177462024-06-30096177462023-06-3009617746core:NetGoodwill2024-06-3009617746core:NetGoodwill2023-06-3009617746core:LandBuildings2024-06-3009617746core:OtherPropertyPlantEquipment2024-06-3009617746core:LandBuildings2023-06-3009617746core:OtherPropertyPlantEquipment2023-06-3009617746core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3009617746core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3009617746core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-3009617746core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3009617746core:CurrentFinancialInstruments2024-06-3009617746core:CurrentFinancialInstruments2023-06-3009617746core:ShareCapital2024-06-3009617746core:ShareCapital2023-06-3009617746core:RetainedEarningsAccumulatedLosses2024-06-3009617746core:RetainedEarningsAccumulatedLosses2023-06-3009617746bus:Director12023-07-012024-06-3009617746core:Goodwill2023-07-012024-06-3009617746core:LandBuildingscore:OwnedOrFreeholdAssets2023-07-012024-06-3009617746core:PlantMachinery2023-07-012024-06-3009617746core:FurnitureFittings2023-07-012024-06-30096177462022-07-012023-06-3009617746core:NetGoodwill2023-06-3009617746core:NetGoodwill2023-07-012024-06-3009617746core:LandBuildings2023-06-3009617746core:OtherPropertyPlantEquipment2023-06-30096177462023-06-3009617746core:LandBuildings2023-07-012024-06-3009617746core:OtherPropertyPlantEquipment2023-07-012024-06-3009617746core:WithinOneYear2024-06-3009617746core:WithinOneYear2023-06-3009617746core:Non-currentFinancialInstruments2024-06-3009617746core:Non-currentFinancialInstruments2023-06-3009617746bus:PrivateLimitedCompanyLtd2023-07-012024-06-3009617746bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3009617746bus:FRS1022023-07-012024-06-3009617746bus:AuditExemptWithAccountantsReport2023-07-012024-06-3009617746bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP