Miller Freeman & Sons (Nottingham) Limited

Registered number

02222641

Filleted Accounts

31 March 2025

Miller Freeman & Sons (Nottingham) Limited
Registered number:		02222641
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		240,452			131,377

Current assets
Stocks		25,000			3,000
Debtors	4	779,053			987,467
Cash at bank and in hand		341,821			287,968
		1,145,874			1,278,435

Creditors: amounts falling due within one year	5	(756,881)			(1,216,914)

Net current assets			388,993			61,521

Total assets less current liabilities			629,445			192,898


Provisions for liabilities			(60,113)			(33,295)


Net assets			569,332			159,603

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			568,332			158,603

Shareholders' funds			569,332			159,603

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr M Butler
Director
Approved by the board on 24 November 2025

Miller Freeman & Sons (Nottingham) 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).

	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.

	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:

	Fixtures, fittings, tools and equipment			over 4 years
	Motor vehicles			over 4 years

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					13		22


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 April 2024			20,201		279,765		299,966
	Additions			2,093		176,490		178,583
	Disposals			-		(132,488)		(132,488)
	At 31 March 2025			22,294		323,767		346,061

	Depreciation
	At 1 April 2024			15,938		152,650		168,588
	Charge for the year			1,774		43,334		45,108
	On disposals			-		(108,087)		(108,087)
	At 31 March 2025			17,712		87,897		105,609

	Net book value
	At 31 March 2025			4,582		235,870		240,452
	At 31 March 2024			4,263		127,115		131,377




4	Debtors					2025		2024
£							£

	Trade debtors					410,178		594,674
	Other debtors					368,875		392,793
						779,053		987,467


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					447,910		714,902
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		100,000
	Taxation and social security costs					308,971		156,689
	Other creditors					-		245,323
						756,881		1,216,914


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr M Butler
	Interest free loan, repayable on demand	3,688		-		-		3,688

	Mr J Shaw
	Interest free loan, repayable on demand	3,688		-		-		3,688

		7,376		-		-		7,376


7	Related party transactions

	During the year, the company had transactions with Miller Freeman Air Conditioning & Ventilation Ltd, which is under common control of the same directors. At the year-end, the company was due £63,660 from Miller Freeman Air Conditioning & Ventilation Ltd in respect of intercompany balances. These amounts are unsecured, interest-free, and repayable on demand. No guarantees have been given or received.


8	Controlling party

	The parent company of Miller Freeman & Sons (Nottingham) Limited is Miller Freeman Holdings Limited, a company incorporated in England whose registered office is 4 Parkyn Road, Daybrook, Nottingham, NG5 6BG.


9	Other information

	Miller Freeman & Sons (Nottingham) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	4 Parkyn Road
	Daybrook
	Nottingham
	Nottinghamshire
	NG5 6BG