Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312025-05-15false44No description of principal activity2023-11-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC296394 2023-11-01 2024-10-31 SC296394 2022-11-01 2023-10-31 SC296394 2024-10-31 SC296394 2023-10-31 SC296394 c:CompanySecretary1 2023-11-01 2024-10-31 SC296394 c:Director1 2023-11-01 2024-10-31 SC296394 c:Director2 2023-11-01 2024-10-31 SC296394 c:RegisteredOffice 2023-11-01 2024-10-31 SC296394 d:Buildings 2023-11-01 2024-10-31 SC296394 d:Buildings 2024-10-31 SC296394 d:Buildings 2023-10-31 SC296394 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC296394 d:PlantMachinery 2023-11-01 2024-10-31 SC296394 d:PlantMachinery 2024-10-31 SC296394 d:PlantMachinery 2023-10-31 SC296394 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC296394 d:MotorVehicles 2023-11-01 2024-10-31 SC296394 d:MotorVehicles 2024-10-31 SC296394 d:MotorVehicles 2023-10-31 SC296394 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC296394 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 SC296394 d:Goodwill 2023-11-01 2024-10-31 SC296394 d:Goodwill 2024-10-31 SC296394 d:Goodwill 2023-10-31 SC296394 d:CurrentFinancialInstruments 2024-10-31 SC296394 d:CurrentFinancialInstruments 2023-10-31 SC296394 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC296394 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 SC296394 d:ShareCapital 2024-10-31 SC296394 d:ShareCapital 2023-10-31 SC296394 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC296394 d:RetainedEarningsAccumulatedLosses 2023-10-31 SC296394 c:OrdinaryShareClass1 2023-11-01 2024-10-31 SC296394 c:OrdinaryShareClass1 2024-10-31 SC296394 c:OrdinaryShareClass1 2023-10-31 SC296394 c:FRS102 2023-11-01 2024-10-31 SC296394 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 SC296394 c:FullAccounts 2023-11-01 2024-10-31 SC296394 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 SC296394 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC296394










GEORGE MILNE PLUMBING AND HEATING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
GEORGE MILNE PLUMBING AND HEATING LIMITED
 

COMPANY INFORMATION


DIRECTORS
G K Milne 
Mrs L Milne 




COMPANY SECRETARY
Mrs L Milne



REGISTERED NUMBER
SC296394



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
GEORGE MILNE PLUMBING AND HEATING LIMITED
REGISTERED NUMBER: SC296394

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 5 
25,630
30,272

  
25,630
30,272

CURRENT ASSETS
  

Stocks
  
29,282
34,243

Debtors: amounts falling due within one year
 6 
89,054
109,010

Cash at bank and in hand
  
125,679
120,553

  
244,015
263,806

Creditors: amounts falling due within one year
 7 
(64,888)
(59,236)

NET CURRENT ASSETS
  
 
 
179,127
 
 
204,570

TOTAL ASSETS LESS CURRENT LIABILITIES
  
204,757
234,842

PROVISIONS FOR LIABILITIES
  

Deferred Tax
  
(3,717)
(4,877)

  
 
 
(3,717)
 
 
(4,877)

NET ASSETS
  
201,040
229,965


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Profit and loss account
  
200,940
229,865

  
201,040
229,965


Page 1

 
GEORGE MILNE PLUMBING AND HEATING LIMITED
REGISTERED NUMBER: SC296394

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 May 2025.



G K Milne
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GEORGE MILNE PLUMBING AND HEATING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


GENERAL INFORMATION

George Milne Plumbing and Heating Limited is a private company, limited by shares, incorporated in Scotland with registration number SC296394.  The registered office is Westby, 64 West High Street, Forfar, DD8 1BJ.  The principal place of business is 5 Graham Crescent, Montrose, Angus, DD10 9BG.

The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
GEORGE MILNE PLUMBING AND HEATING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.5

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Goodwill
-
25%
straight line

 
2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model 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.

Page 4

 
GEORGE MILNE PLUMBING AND HEATING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.6
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Hertiable property
-
Not  depreciated
Office equipment
-
12.5% reducing balance
Motor vehicles
-
25% reducing balance

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 in profit or loss.

 
2.7

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.9

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 5

 
GEORGE MILNE PLUMBING AND HEATING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


INTANGIBLE ASSETS




Goodwill

£



COST


At 1 November 2023
162,000



At 31 October 2024

162,000



AMORTISATION


At 1 November 2023
162,000



At 31 October 2024

162,000



NET BOOK VALUE



At 31 October 2024
-



At 31 October 2023
-




5.


TANGIBLE FIXED ASSETS





Heritable property
Office equipment
Motor vehicles
Total

£
£
£
£



COST OR VALUATION


At 1 November 2023
10,761
4,510
35,800
51,071



At 31 October 2024

10,761
4,510
35,800
51,071



DEPRECIATION


At 1 November 2023
-
2,620
18,179
20,799


Charge for the year on owned assets
-
237
4,405
4,642



At 31 October 2024

-
2,857
22,584
25,441



NET BOOK VALUE



At 31 October 2024
10,761
1,653
13,216
25,630



At 31 October 2023
10,761
1,890
17,621
30,272

Page 6

 
GEORGE MILNE PLUMBING AND HEATING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
61,829
62,246

Other debtors
27,131
46,548

Prepayments
94
216

89,054
109,010



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
21,936
17,084

Other taxation and social security
37,854
34,729

Obligations under finance lease and hire purchase contracts
-
2,423

Accruals and deferred income
5,098
5,000

64,888
59,236



8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



9.


TRANSACTIONS WITH DIRECTORS

Included in other debtors are amounts owed by the directors totalling £27,131 (2023 - £46,548).  These are loans to the directors which are repayable on demand and interest is charged at 2.25%.


Page 7