P & G Miller Developments Ltd - Accounts to registrar (filleted) - small 18.2

P & G Miller Developments Ltd - Accounts to registrar (filleted) - small 18.2

P & G MILLER DEVELOPMENTS LTD - Company Information

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REGISTERED NUMBER: 05034590 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

P & G MILLER DEVELOPMENTS LTD
P & G MILLER DEVELOPMENTS LTD (REGISTERED NUMBER: 05034590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P & G MILLER DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2022







DIRECTOR: P Miller





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 05034590 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA
Page 1
P & G MILLER DEVELOPMENTS LTD (REGISTERED NUMBER: 05034590)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Stocks 404,434 312,553
Debtors 4 5,533 71,753
Cash at bank 33,380 1,234
443,347 385,540
CREDITORS
Amounts falling due within one year 5 82,142 11,517
NET CURRENT ASSETS 361,205 374,023
TOTAL ASSETS LESS CURRENT
LIABILITIES
361,205
374,023

CREDITORS
Amounts falling due after more than one year 6 32,500 43,333
NET ASSETS 328,705 330,690

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 328,703 330,688
SHAREHOLDERS' FUNDS 328,705 330,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 23 February 2023 and were signed by:





P Miller - Director


The notes form part of these financial statements

Page 2
P & G MILLER DEVELOPMENTS LTD (REGISTERED NUMBER: 05034590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1. STATUTORY INFORMATION

P & G Miller Developments Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 5,000 5,000
Directors' current accounts - 66,264
Prepayments 533 489
5,533 71,753

Page 3 continued...
P & G MILLER DEVELOPMENTS LTD (REGISTERED NUMBER: 05034590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 6,667
Tax 1,382 1,382
Directors' current accounts 69,494 -
Accruals and prepaid income 1,266 3,468
82,142 11,517

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 2-5 years 32,500 43,333

7. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 42,500 50,000

8. CHARGES

The company has two outstanding fixed and floating charges against the company assets in respect of its main lender.

Page 4