A & C Miller Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06950287 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

A & C MILLER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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

2

283,850

304,125

Tangible assets

3

39,402

31,576

323,252

335,701

CURRENT ASSETS

Stocks

1,000

Debtors

514

1,692

Cash at bank and in hand

63,063

63,965

64,577

66,657

CREDITORS

Amounts falling due within one year

146,270

158,796

NET CURRENT LIABILITIES

(81,693

)

(92,139

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

241,559

243,562

CREDITORS

Amounts falling due after more than one
year

(13,033

)

(17,633

)

PROVISIONS FOR LIABILITIES

(7,391

)

(5,718

)

NET ASSETS

221,135

220,211

CAPITAL AND RESERVES

Called up share capital

4

10

Profit and loss account

221,125

220,201

SHAREHOLDERS' FUNDS

221,135

220,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7 August 2016 and were signed on its
behalf by:

Dr A C Miller - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

405,500

AMORTISATION

At 1 January 2015

101,375

Amortisation for year

20,275

At 31 December 2015

121,650

NET BOOK VALUE

At 31 December 2015

283,850

At 31 December 2014

304,125

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

76,564

Additions

13,906

At 31 December 2015

90,470

DEPRECIATION

At 1 January 2015

44,988

Charge for year

6,080

At 31 December 2015

51,068

NET BOOK VALUE

At 31 December 2015

39,402

At 31 December 2014

31,576

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

10

Ordinary

£1

10