ACCOUNTS - Final Accounts

FREDERICK R. MILLER (SERVICES) LTD - Company Information

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Registered number: 08304710

FREDERICK R. MILLER (SERVICES) LTD

(A company limited by guarantee)

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2020

FREDERICK R. MILLER (SERVICES) LTD

(A company limited by guarantee)

REGISTERED NUMBER: 08304710

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2020

		2020		2019
Note		£		£


Current assets
Cash at bank and in hand	4	1,646		819
Creditors: amounts falling due within one year	5	(53,016)		(51,215)
Net current liabilities			(51,370)		(50,396)

Net liabilities			(51,370)		(50,396)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(51,470)	(50,496)
	(51,370)	(50,396)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

I F Miller

Director

Date: 2 November 2020

The notes on pages 3 to 4 form part of these financial statements.

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FREDERICK R. MILLER (SERVICES) LTD

(A company limited by guarantee)

REGISTERED NUMBER: 08304710

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 APRIL 2020

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FREDERICK R. MILLER (SERVICES) LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

1.	General information

The company's principal activity is that of supply pallets.
The company (registered number 08304710) is incorporated in England and Wales and its principal place of business is Forsyths Home Farm, Shackleford, Godalming, Surrey, GU8 6AD.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

As shown in the financial statements, the company has total liabilities exceeding its total assets by
£51,370 (2019 - £50,396). The company meets its day to day working capital requirements through the support of the holding company, F R Miller Limited. The directors have confirmed that this support will continue for theforeseeable future. For this reason, the company has decided to prepare the accounts using the going concern basis.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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FREDERICK R. MILLER (SERVICES) LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

	The Company has no employees other than the directors, who did not receive any remuneration (2019 - £NIL).
	The average monthly number of employees, including directors, during the year was 0 (2019 - 0).

4.	Cash and cash equivalents
		2020	2019
		£	£

	Cash at bank and in hand	1,646	819

5.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Trade creditors	7,259	7,259
Amounts owed to group undertakings	44,452	42,652
Other taxation and social security	555	555
Accruals and deferred income	750	750
	53,016	51,216

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