IRIS Accounts Production v25.1.0.734 06406319 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064063192023-12-31064063192024-12-31064063192024-01-012024-12-31064063192022-12-31064063192023-01-012023-12-31064063192023-12-3106406319ns15:EnglandWales2024-01-012024-12-3106406319ns14:PoundSterling2024-01-012024-12-3106406319ns10:Director12024-01-012024-12-3106406319ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3106406319ns10:SmallEntities2024-01-012024-12-3106406319ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3106406319ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3106406319ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3106406319ns10:FullAccounts2024-01-012024-12-310640631912024-01-012024-12-3106406319ns5:CurrentFinancialInstruments2024-12-3106406319ns5:CurrentFinancialInstruments2023-12-3106406319ns5:Non-currentFinancialInstruments2024-12-3106406319ns5:Non-currentFinancialInstruments2023-12-3106406319ns5:ShareCapital2024-12-3106406319ns5:ShareCapital2023-12-3106406319ns5:RetainedEarningsAccumulatedLosses2024-12-3106406319ns5:RetainedEarningsAccumulatedLosses2023-12-3106406319ns10:RegisteredOffice2024-01-012024-12-3106406319ns5:NetGoodwill2024-01-012024-12-3106406319ns5:PlantMachinery2024-01-012024-12-3106406319ns5:FurnitureFittings2024-01-012024-12-3106406319ns5:MotorVehicles2024-01-012024-12-3106406319ns5:NetGoodwill2023-12-3106406319ns5:NetGoodwill2024-12-3106406319ns5:NetGoodwill2023-12-3106406319ns5:PlantMachinery2023-12-3106406319ns5:FurnitureFittings2023-12-3106406319ns5:MotorVehicles2023-12-3106406319ns5:PlantMachinery2024-12-3106406319ns5:FurnitureFittings2024-12-3106406319ns5:MotorVehicles2024-12-3106406319ns5:PlantMachinery2023-12-3106406319ns5:FurnitureFittings2023-12-3106406319ns5:MotorVehicles2023-12-3106406319ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3106406319ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 06406319 (England and Wales)



















THE MILLERS GRINDING & TINNING COMPANY
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






THE MILLERS GRINDING & TINNING COMPANY
LIMITED (REGISTERED NUMBER: 06406319)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

THE MILLERS GRINDING & TINNING COMPANY
LIMITED (REGISTERED NUMBER: 06406319)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 46,471 50,159
46,471 50,159

CURRENT ASSETS
Stocks 33,734 47,870
Debtors 6 1,369,061 875,829
Cash at bank and in hand 546,507 418,156
1,949,302 1,341,855
CREDITORS
Amounts falling due within one year 7 1,725,325 1,195,711
NET CURRENT ASSETS 223,977 146,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,448

196,303

CREDITORS
Amounts falling due after more than one
year

8

(20,833

)

(70,833

)

PROVISIONS FOR LIABILITIES (11,618 ) (12,540 )
NET ASSETS 237,997 112,930

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 237,897 112,830
SHAREHOLDERS' FUNDS 237,997 112,930

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

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

THE MILLERS GRINDING & TINNING COMPANY
LIMITED (REGISTERED NUMBER: 06406319)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





Mr D R Broadbent - Director


THE MILLERS GRINDING & TINNING COMPANY
LIMITED (REGISTERED NUMBER: 06406319)

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

1. STATUTORY INFORMATION

The Millers Grinding & Tinning Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06406319

Registered office: Unit 2, College Fields Bus Ctr
Prince George'S Rd
Merton
London
SW19 2PT

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

THE MILLERS GRINDING & TINNING COMPANY
LIMITED (REGISTERED NUMBER: 06406319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

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 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.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

THE MILLERS GRINDING & TINNING COMPANY
LIMITED (REGISTERED NUMBER: 06406319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 36,900
AMORTISATION
At 1 January 2024
and 31 December 2024 36,900
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 70,850 10,510 41,343 122,703
Additions - - 19,232 19,232
At 31 December 2024 70,850 10,510 60,575 141,935
DEPRECIATION
At 1 January 2024 46,584 5,143 20,817 72,544
Charge for year 14,333 1,051 7,536 22,920
At 31 December 2024 60,917 6,194 28,353 95,464
NET BOOK VALUE
At 31 December 2024 9,933 4,316 32,222 46,471
At 31 December 2023 24,266 5,367 20,526 50,159

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 837,406 603,814
Other debtors 35,222 5,700
872,628 609,514

Amounts falling due after more than one year:
Amounts owed by group undertakings 496,433 266,315

Aggregate amounts 1,369,061 875,829

THE MILLERS GRINDING & TINNING COMPANY
LIMITED (REGISTERED NUMBER: 06406319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 1,166,000 856,893
Taxation and social security 299,294 169,114
Other creditors 210,031 119,704
1,725,325 1,195,711

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 20,833 70,833

9. ULTIMATE CONTROLLING PARTY

Parent & Ultimate Parent Company
Millers Group Limited is regarded by the directors as being the parent company, the ultimate parent company is Millers Group Trustee Limited which is incorporated in England and Wales.

The registered office of the ultimate parent company is Unit 2, College Fields Business Centre, Prince Georges Road, London, SW19 2PT.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE MILLERS GRINDING & TINNING COMPANY
LIMITED (REGISTERED NUMBER: 06406319)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Millers Grinding & Tinning Company Limited for the year ended 31 December 2024 which comprise the Profit and loss account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of The Millers Grinding & Tinning Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Millers Grinding & Tinning Company Limited and state those matters that we have agreed to state to the Board of Directors of The Millers Grinding & Tinning Company Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Millers Grinding & Tinning Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Millers Grinding & Tinning Company Limited. You consider that The Millers Grinding & Tinning Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Millers Grinding & Tinning Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


7 May 2025