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REGISTERED NUMBER: 04403533 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st July 2024

for

Miller Research (UK) Limited

Miller Research (UK) Limited (Registered number: 04403533)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Miller Research (UK) Limited

Company Information
for the Year Ended 31st July 2024







DIRECTOR: N F Miller





REGISTERED OFFICE: Pen-Y-Wyrlod Farm
Llanvetherine
Abergavenny
Monmouthshire
NP7 8RG





REGISTERED NUMBER: 04403533 (England and Wales)





ACCOUNTANTS: Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB

Miller Research (UK) Limited (Registered number: 04403533)

Abridged Statement of Financial Position
31st July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,859 22,128
Investments 5 - 8,500
7,859 30,628

CURRENT ASSETS
Debtors 737,862 337,120
Cash at bank 499,390 912,418
1,237,252 1,249,538
CREDITORS
Amounts falling due within one year (186,436 ) (352,200 )
NET CURRENT ASSETS 1,050,816 897,338
TOTAL ASSETS LESS CURRENT LIABILITIES 1,058,675 927,966

PROVISIONS FOR LIABILITIES (1,964 ) (3,159 )
NET ASSETS 1,056,711 924,807

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,055,711 923,807
SHAREHOLDERS' FUNDS 1,056,711 924,807

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

Miller Research (UK) Limited (Registered number: 04403533)

Abridged Statement of Financial Position - continued
31st July 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th March 2025 and were signed by:





N F Miller - Director


Miller Research (UK) Limited (Registered number: 04403533)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Miller Research (UK) 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost, 20% on cost and 10% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Miller Research (UK) Limited (Registered number: 04403533)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st August 2023 236,323
Additions 3,530
At 31st July 2024 239,853
DEPRECIATION
At 1st August 2023 214,195
Charge for year 17,799
At 31st July 2024 231,994
NET BOOK VALUE
At 31st July 2024 7,859
At 31st July 2023 22,128

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st August 2023 500
Disposals (500 )
At 31st July 2024 -
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 500
Information on loans is as follows:
Totals
£   

Miller Research (UK) Limited (Registered number: 04403533)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024
At 1st August 2023 8,000
Disposals (8,000 )
At 31st July 2024 -

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2024 and 31st July 2023:

31.7.24 31.7.23
£    £   
N F Miller
Balance outstanding at start of year (7,598 ) (6,604 )
Amounts advanced 3,669 1,256
Amounts repaid - (2,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,929 ) (7,598 )

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2023 - £42,000) were paid to the director .

On the 23rd October 2023 Miller Research (UK) Employee Ownership Trustee Limited acquired a controlling interest in the company from Mr N.F Miller, a director and shareholder of Miller Research (UK) Limited.
On the same date Mr N.F Miller purchased from the company its holding in its subsidiary company, Llanvetherine Properties Limited, for its open market value of £83,495.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Miller Research (UK) Employee Ownership Trustee Limited.