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Company Registration No. 05425616 (England and Wales)
Miller & Watson Carpentry Limited Unaudited accounts for the year ended 31 March 2026
Miller & Watson Carpentry Limited Unaudited accounts Contents
Page
Accountants' report
3
Statement of financial position
4
Notes to the accounts
5
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Miller & Watson Carpentry Limited for the year ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Miller & Watson Carpentry Limited for the year ended 31 March 2026 as set out on pages 4 - 7 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Miller & Watson Carpentry Limited, as a body, in accordance with the terms of our engagement letter dated 1 May 2026. Our work has been undertaken solely to prepare for your approval the accounts of Miller & Watson Carpentry Limited and state those matters that we have agreed to state to the Board of Directors of Miller & Watson Carpentry Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Miller & Watson Carpentry Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Miller & Watson Carpentry Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Miller & Watson Carpentry Limited. You consider that Miller & Watson Carpentry 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 accounts of Miller & Watson Carpentry 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 accounts.
Dove Accountants Limited Chartered Certified Accountants 71-75 Shelton Street Covent Garden London WC2H 9JQ 3 August 2026
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Miller & Watson Carpentry Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
201,702
92,084
Current assets
Inventories
-
111,308
Debtors
5
985,197
1,137,166
Cash at bank and in hand
352,293
392,339
1,337,490
1,640,813
Creditors: amounts falling due within one year
6
(482,737)
(530,277)
Net current assets
854,753
1,110,536
Total assets less current liabilities
1,056,455
1,202,620
Creditors: amounts falling due after more than one year
7
(61,506)
(2)
Provisions for liabilities
Deferred tax
(50,426)
(23,021)
Net assets
944,523
1,179,597
Capital and reserves
Called up share capital
100
100
Profit and loss account
944,423
1,179,497
Shareholders' funds
944,523
1,179,597
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2026 and were signed on its behalf by
William Miller Director Company Registration No. 05425616
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Miller & Watson Carpentry Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Miller & Watson Carpentry Limited is a private company, limited by shares, registered in England and Wales, registration number 05425616. The registered office is Suite 4, The Hayloft, Blakenhall Park, Bar Lane, Barton Under Needwood, Staffordshire, DE13 8AJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Miller & Watson Carpentry Limited Notes to the Accounts for the year ended 31 March 2026
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 April 2025
133,840
Additions
157,072
Disposals
(46,620)
At 31 March 2026
244,292
Depreciation
At 1 April 2025
41,756
Charge for the year
27,760
On disposals
(26,926)
At 31 March 2026
42,590
Net book value
At 31 March 2026
201,702
At 31 March 2025
92,084
2026
2025
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
89,968
-
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
751,122
848,509
Other debtors
234,075
288,657
985,197
1,137,166
6
Creditors: amounts falling due within one year
2026
2025
£
£
Obligations under finance leases and hire purchase contracts
8,529
-
Trade creditors
74,691
79,632
Taxes and social security
212,915
291,919
Other creditors
186,602
158,726
482,737
530,277
The Hire Purchase loans are secured on the fixed assets.
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Miller & Watson Carpentry Limited Notes to the Accounts for the year ended 31 March 2026
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Obligations under finance leases and hire purchase contracts
61,504
-
Non-equity preference shares
2
2
61,506
2
The Hire Purchase loans are secured on the fixed assets.
8
Operating lease commitments
2026
2025
£
£
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
9,166
9,166
9
Average number of employees
During the year the average number of employees was 13 (2025: 14).
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