J. S. Miller Distribution Limited

Registered number

03881743

Filleted Accounts

31 March 2025

J. S. Miller Distribution Limited
Registered number:		03881743
Statement of financial position
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		153,715			165,854

Current assets
Stocks		1,226,474			1,177,953
Debtors	5	4,059,713			5,289,994
Cash at bank and in hand		384,534			89,768
		5,670,721			6,557,715

Creditors: amounts falling due within one year	6	(3,384,588)			(2,333,102)

Net current assets			2,286,133			4,224,613

Total assets less current liabilities			2,439,848			4,390,467

Creditors: amounts falling due after more than one year	7		-			(56,686)

Provisions for liabilities			(13,935)			(16,166)


Net assets			2,425,913			4,317,615

Capital and reserves
Called up share capital			10,310			10,310
Profit and loss account			2,415,603			4,307,305

Shareholders' funds			2,425,913			4,317,615

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the income statement within the financial statements The financial statements were approved by the Board of directors and authorised for issue on and signed on its behalf by Mr S Renney.



S Renney
Director
Approved by the board on 23 December 2025

J. S. Miller Distribution Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are prepared in Sterling, which is the functional currency of the company. Monitary amounts in these financial statements are rounded to the nearest £. The company's immediate parent is Adam Holdings (Leeds) Limited, incorporated in England and Wales. Its registered office is the same as the company's registered office. The company's ultimate parent is Green Leaf Topco BV, incorporated in Belgium. Its registered office is 94 Box 201, Brusselsesteenweg, Merelbeke-Melle, 9090, Belgium. The most senior parent entity producing publicly available financial statements is Green Leaf Topco BV. These financial statements are available upon request from Brusselsesteenweg 94 Bus 201 Melle, 9090, Belgium

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			10% Straight line
	Motor vehicles			20% Reducing balance
	Plant and equipment			25% Reducing balance, 33% Straight line, 20% Straight line, 33% Reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.


	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.



	Gain or Loss on disposal of assets
	The company recognises gains or losses on the disposal of fixed assets in accordance with FRS 102. Such gains or losses represent the difference between the proceeds received (net of disposal costs) and the carrying amount of the asset at the date of disposal. These are recognised in the profit and loss account in the period in which the disposal occurs.

	Impairment of tangible assets
	A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possble to estimate the recovereable amount of an indiviual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the assets and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.






	Financial instruments
	The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet 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. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractualarrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

	Cash and equivalents
	The company classifies and measures cash and cash equivalents in accordance with FRS 102, Section 7. Cash and cash equivalents comprise cash in hand, deposits held at call with banks, and other short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

	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.


	Going concern
	When preparing financial statements, the management shall make an assessment of the entity’s ability to continue as a going concern. The entity is a going concern unless management either intends to liquidate the entity or to cease trading, or has no realistic alternative but to do so. In assessing whether the going concern assumption is appropriate, management will take into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue. When management is aware, in making its assessment of material uncertainties related to events or conditions that cast significant doubt upon the entity’s ability to continue as a going concern, the entity shall disclose those uncertainties. When the entity does not prepare financial statements on a going concern basis, it shall disclose that fact, together with the basis on which it prepared the financial statements and the reason why the entity is not regarded as a going concern. Where the trade in the company ceases but the company is going to be maintained as a dormant entity it will continue to prepare such accounts on a going concern basis where the company is solvent and could re-commence trading at a point in the future.

	Retirement benefits
	The company operates a pension scheme for qualifying employees of the business.

2	Audit information					2025		2024
£							£
	Audit Fee					20,000		-


	The audit report is qualified.
	Senior statutory auditor:	Brian Laidlaw BA CA
	Firm:	Azets Audit Services
	Date of audit report:	23 December 2025
						2025		2024
£							£
	Audit Fee					20,000		-

3	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					20		18


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	172,688		53,276		18,000		243,964
	Additions	-		17,730		-		17,730
	At 31 March 2025	172,688		71,006		18,000		261,694

	Depreciation
	At 1 April 2024	34,537		25,573		18,000		78,110
	Charge for the year	17,269		12,600		-		29,869
	At 31 March 2025	51,806		38,173		18,000		107,979

	Net book value
	At 31 March 2025	120,882		32,833		-		153,715
	At 31 March 2024	138,151		27,703		-		165,854




5	Debtors					2025		2024
£							£

	Trade debtors					3,357,260		2,361,821
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					290,915		2,794,682
	Prepayments					153,125		131,839
	Other debtors					258,413		1,652
						4,059,713		5,289,994


6	Creditors: amounts falling due within one year					2025		2024
£							£
	Accruals					159,093		104,402
	Bank loans and overdrafts					-		750,237
	Trade creditors					1,520,566		1,162,372
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					1,370,571		-
	Taxation and social security costs					331,962		306,360
	Other creditors					2,396		9,731
						3,384,588		2,333,102

	The company has provided the groups' bankers with security including fixed and floating charges over all assets and undertakings of the company present and future. The security is provided in relation to group borrowings, which amounted to £0 at year end (2024 - £710,237).



7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		56,686
8	Operating Lease commitments					2025		2024
£							£
	Total future minimum payments under non-cancellable operating leases					1,920,437		1,895,161

9	Related party transactions

	The Company has taken the exemptionset out in FRS102 from disclosing transactions with group companies.

10	Controlling party

	The company's immediate parent is Adam Holdings (Leeds) Limited, incorporated in England and Wales. Its registered office is the same as the company's registered office. The company's ultimate parent is Green Leaf Topco BV, incorporated in Belgium. Its registered office is 94 Box 201, Brusselsesteenweg, Merelbeke-Melle, 9090, Belgium. The most senior parent entity producing publicly available financial statements is Green Leaf Topco BV. These financial statements are available upon request from Brusselsesteenweg 94 Bus 201 Melle, 9090, Belgium.

11	Other information

	J. S. Miller Distribution Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Field Mill
	Little Fountain Street
	Morely
	Leeds
	LS27 9EN