REGISTERED NUMBER: 04253745 (England and Wales)

MILLERS OF LONGTON LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Statement of Comprehensive Income

6

Balance Sheet

7

Statement of Changes in Equity

8

Notes to the Financial Statements

9

DIRECTORS:

Mr J Miller

Mrs J Miller

Mr J J Miller

REGISTERED OFFICE:

Gill Lane

Longton

Preston

PR4 4SR

REGISTERED NUMBER:

04253745 (England and Wales)

AUDITORS:

Rushtons

Chartered Accountants

Statutory Auditors

Shorrock House

1 Faraday Court

Fulwood

Preston

Lancashire

PR2 9NB

The directors present their strategic report for the year ended 31 March 2026.

REVIEW OF BUSINESS

Millers of Longton Ltd is a 24HR commercial vehicle recovery company. The company is situated in Lancashire offering various services: a control room for assistance in vehicle recovery within the UK and Europe, commercial vehicle workshops, MOT facilities up to class 7, HGV vehicle rental and commercial properties for rent.

In the year to 31 March 2026, the company's gross profit was consistent at 23%. The company is in a stable position and continues to acquire land to develop its existing premises. The core client base is being maintained and the directors use various Key Performance Indicators (KPIs), such as a wide range of profitability, efficiency and liquidity ratios.

Turnover

YE 2026 was £14,516,841

YE 2025 was £14,525,736

Gross Profit

YE 2026 was £3,404,873

YE 2025 was £3,474,301

Net Profit

YE 2026 was £1,933,127

YE 2025 was £1,594,813

PRINCIPAL RISKS AND UNCERTAINTIES

The directors have considered the principal risks and uncertainties which face the business and are satisfied that they have systems in place to address these risks. These matters are reviewed at regular Board meetings, which also include devising strategies for maintaining high quality standards and training and developing staff.

Liquidity and cash flow

The company actively monitors its financial position in ensuring that it has sufficient funds for its operational requirements and investment for future growth. There are no concerns in this capacity.

Credit risk

Credit checks are performed where possible and strict credit control procedures mitigate the risk of credit extension to customers. There are no concerns in this capacity.

ON BEHALF OF THE BOARD:

Mr J Miller - Director

24 July 2026

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

DIVIDENDS

The directors have declared dividends totalling £1,315,000 (2025: £1,315,000) during the year.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2025 to the date of this report.

Mr J Miller

Mrs J Miller

Mr J J Miller

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Rushtons, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

Mr J Miller - Director

24 July 2026

Opinion

We have audited the financial statements of Millers of Longton Limited (the 'company') for the year ended 31 March 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities

In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered a number of issues, such as the nature of the company's industry, their control environment and business performance. We also discussed amongst our engagement team how and where fraud might occur and any potential indicators of fraud.

We obtained an understanding of the legal and regulatory framework that the company operates in and focussed our attention on any laws and regulations which might be considered as "showstoppers". We also looked at internal controls in place at the company, established to mitigate risks related to fraud or non-compliance with laws and regulations.

In response to other identified risks, we reviewed the financial statement disclosures, we made enquiries of the company as to potential litigation and claims, we performed analytical procedures to look for unusual trends or unexpected relationships and we read any available meeting minutes.

We also addressed the risk of fraud through management override of controls by testing appropriate journal entries and other adjustments. We also assessed accounting estimates and considered any significant transactions that might be considered unusual in the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Adam Calvert FCA (Senior Statutory Auditor)

for and on behalf of Rushtons

Chartered Accountants

Statutory Auditors

Shorrock House

1 Faraday Court

Fulwood

Preston

Lancashire

PR2 9NB

24 July 2026

TURNOVER

3

14,516,841

14,525,736

Cost of sales

11,111,968

11,051,435

GROSS PROFIT

3,404,873

3,474,301

Administrative expenses

1,698,957

2,064,702

1,705,916

1,409,599

Other operating income

205,143

145,376

OPERATING PROFIT

5

1,911,059

1,554,975

Interest receivable and similar income

22,068

39,838

PROFIT BEFORE TAXATION

1,933,127

1,594,813

Tax on profit

6

267,903

196,615

PROFIT FOR THE FINANCIAL YEAR

1,665,224

1,398,198

FIXED ASSETS

Tangible assets

8

297,083

683,421

CURRENT ASSETS

Stocks

9

5,000

5,000

Debtors

10

4,084,892

2,695,039

Cash at bank and in hand

1,110,411

2,009,941

5,200,303

4,709,980

CREDITORS

Amounts falling due within one year

11

1,496,073

1,741,989

NET CURRENT ASSETS

3,704,230

2,967,991

TOTAL ASSETS LESS CURRENT LIABILITIES

4,001,313

3,651,412

PROVISIONS FOR LIABILITIES

14

33,812

34,135

NET ASSETS

3,967,501

3,617,277

CAPITAL AND RESERVES

Called up share capital

15

111

111

Retained earnings

16

3,967,390

3,617,166

SHAREHOLDERS' FUNDS

3,967,501

3,617,277

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

Mr J Miller - Director

Mrs J Miller - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2024

111

3,533,968

3,534,079

Changes in equity

Dividends

-

(1,315,000

)

(1,315,000

)

Total comprehensive income

-

1,398,198

1,398,198

Balance at 31 March 2025

111

3,617,166

3,617,277

Changes in equity

Dividends

-

(1,315,000

)

(1,315,000

)

Total comprehensive income

-

1,665,224

1,665,224

Balance at 31 March 2026

111

3,967,390

3,967,501

1.	STATUTORY INFORMATION

Millers of Longton 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.

The company provides nationwide breakdown, recovery and vehicles maintenance services throughout the United Kingdom.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements are for this individual entity. They have been prepared in Sterling and are rounded to £1.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from the nationwide breakdown, recovery and vehicles maintenance services and from the MOT station and workshop.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on cost and 15% on reducing balance

Motor vehicles

-

5% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102.

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.

Basic financial assets

Basic financial assets, which include trade debtors, other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements 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.

Basic financial liabilities

Basic financial liabilities, including trade creditors, other creditors and amounts due to fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2026

2025

£

£

Recoveries

13,736,943

13,997,632

Workshop sales

779,898

528,104

14,516,841

14,525,736

4.	EMPLOYEES AND DIRECTORS

2026

2025

£

£

Wages and salaries

1,319,333

1,259,290

Social security costs

170,758

129,575

Other pension costs

140,426

64,581

1,630,517

1,453,446

The average number of employees during the year was as follows:

2026

2025

Administration (inc Directors)

26

26

Workshop/Recovery

9

9

35

35

2026

2025

£

£

Directors' remuneration

28,164

24,388

Directors' pension contributions to money purchase schemes

100,000

30,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

2

2

5.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2026

2025

£

£

Hire of plant and machinery

-

2,792

Depreciation - owned assets

34,685

40,763

(Profit)/loss on disposal of fixed assets

(438,867

)

20,909

Auditors' remuneration

12,000

12,000

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2026

2025

£

£

Current tax:

UK corporation tax

268,226

186,643

Deferred tax

(323

)

9,972

Tax on profit

267,903

196,615

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2026

2025

£

£

Profit before tax

1,933,127

1,594,813

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%)

483,282

398,703

Effects of:

Expenses not deductible for tax purposes

181

5,228

Income not taxable for tax purposes

(109,717

)

-

Capital allowances in excess of depreciation

-

(4,450

)

Depreciation in excess of capital allowances

205,402

-

Origination and reversal of timing differences

(323

)

9,972

Group Relief

(310,922

)

(212,838

)

Total tax charge

267,903

196,615

7.

DIVIDENDS

2026

2025

£

£

Ordinary shares of 1 each

Interim

1,300,000

1,300,000

A Ordinary shares of 1 each

Interim

15,000

15,000

1,315,000

1,315,000

8.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2025

123,021

271,844

20,407

Additions

-

5,666

-

Disposals

-

(26,218

)

-

At 31 March 2026

123,021

251,292

20,407

DEPRECIATION

At 1 April 2025

15,143

151,546

18,575

Charge for year

2,460

15,489

278

Eliminated on disposal

-

(23,524

)

-

At 31 March 2026

17,603

143,511

18,853

NET BOOK VALUE

At 31 March 2026

105,418

107,781

1,554

At 31 March 2025

107,878

120,298

1,832

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

1,009,324

-

1,424,596

Additions

-

13,814

19,480

Disposals

(915,715

)

-

(941,933

)

At 31 March 2026

93,609

13,814

502,143

DEPRECIATION

At 1 April 2025

555,911

-

741,175

Charge for year

14,839

1,619

34,685

Eliminated on disposal

(547,276

)

-

(570,800

)

At 31 March 2026

23,474

1,619

205,060

NET BOOK VALUE

At 31 March 2026

70,135

12,195

297,083

At 31 March 2025

453,413

-

683,421

9.

STOCKS

2026

2025

£

£

Stocks

5,000

5,000

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,576,843

2,387,725

Amounts owed by group undertakings

1,164,859

-

Other debtors

785

12,515

Prepayments and accrued income

342,405

294,799

4,084,892

2,695,039

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

1,064,805

999,637

Amounts owed to group undertakings

-

451,575

Tax

128,226

26,643

Social security and other taxes

35,888

157,401

VAT

160,518

-

Other creditors

18,748

11,287

Accrued expenses

87,888

95,446

1,496,073

1,741,989

12.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

1,718

1,215

Between one and five years

3,294

-

5,012

1,215

13.	SECURED DEBTS

There is an overdraft facility in place of £200,000.

There is a credit card facility in place of £64,000.

There is a debenture including Fixed Charge over all present freehold and leasehold property; First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and First Floating Charge over all assets and undertaking both present and future dated 9 October 2001.

There is a composite Company Unlimited Multilateral Guarantee dated 12 February 2016, given by Millers of Longton Limited and Millers of Longton Holdings Limited.

14.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

33,812

34,135

Deferred

tax

£

Balance at 1 April 2025

34,135

Credit to Statement of Comprehensive Income during year

(323

)

Balance at 31 March 2026

33,812

15.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

2026

2025

£

£

100

Ordinary

£1

100

100

11

A Ordinary

£1

11

11

111

111