A & C Miller Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06950287 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

A & C MILLER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr A C Miller

Mrs C J Miller

SECRETARY:

Mrs C J Miller

REGISTERED OFFICE:

40 Church Road

Bishops Cleeve

Cheltenham

Gloucestershire

GL52 8LR

REGISTERED NUMBER:

06950287 (England and Wales)

ACCOUNTANTS:

Dafferns LLP

Chartered Accountants

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Intangible assets

5

243,300

263,575

Tangible assets

6

31,139

35,865

274,439

299,440

CURRENT ASSETS

Stocks

1,000

Debtors

7

7,880

466

Cash at bank and in hand

73,660

71,523

82,540

72,989

CREDITORS

Amounts falling due within one year

8

67,865

123,991

NET CURRENT ASSETS/(LIABILITIES)

14,675

(51,002

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

289,114

248,438

CREDITORS

Amounts falling due after more than one
year

9

(3,833

)

(8,433

)

PROVISIONS FOR LIABILITIES

(5,604

)

(6,433

)

NET ASSETS

279,677

233,572

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

279,577

233,472

SHAREHOLDERS' FUNDS

279,677

233,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 September 2018 and were signed on
its behalf by:

Dr A C Miller - Director

1.	STATUTORY INFORMATION

A & C Miller 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 presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

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.

Fixtures and fittings

-

10% to 20% straight line

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 Income Statement,

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2016 - 17 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

405,500

AMORTISATION

At 1 January 2017

141,925

Amortisation for year

20,275

At 31 December 2017

162,200

NET BOOK VALUE

At 31 December 2017

243,300

At 31 December 2016

263,575

6.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2017

92,925

Additions

2,250

At 31 December 2017

95,175

DEPRECIATION

At 1 January 2017

57,060

Charge for year

6,976

At 31 December 2017

64,036

NET BOOK VALUE

At 31 December 2017

31,139

At 31 December 2016

35,865

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Other debtors

3

-

Directors' current accounts

6,808

-

Prepayments

1,069

466

7,880

466

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Bank loans and overdrafts

10,881

12,217

Hire purchase contracts

4,600

Trade creditors

6,538

3,866

Taxation

36,331

35,971

Social security and other taxes

995

850

Other creditors

1,632

1,453

Directors' current accounts

-

54,996

Accrued expenses

6,888

10,038

67,865

123,991

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2017

2016

£

Hire purchase contracts

3,833

8,433

10.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

Bank loans

10,881

12,217

Hire purchase contracts

8,433

13,033

19,314

25,250

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

80

Ordinary

£1

80

10

Ordinary B

£1

10

Ordinary C

£1

10

100

12.	OTHER FINANCIAL COMMITMENTS

Total amount of financial commitments is £46,577

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2017

and 31 December 2016:

2017

2016

£

Dr A C Miller

Balance outstanding at start of year

-

Amounts advanced

6,808

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

6,808

-

The loan to the director is unsecured, no interest is being charged and is repayable on demand.

14.	RELATED PARTY DISCLOSURES

During the year, total dividends of £59,000 (2016 - £89,000) were paid to the directors .

There were no other material related party transactions during the year.