ADAM MITCHINSON LTD


Director	MITCHINSON, A


Registered Address	19 Benenden Green
	Alresford
	SO24 9PE


Registered Number	08013954 (England and Wales)

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		1,951		597
			1,951		597
Current assets
Debtors	6	11,544		2,746
Cash at bank and on hand		55,002		48,687
		66,546		51,433
Creditors amounts falling due within one year	7	(14,082)		(11,871)
Net current assets (liabilities)			52,464		39,562
Total assets less current liabilities			54,415		40,159
Net assets			54,415		40,159
Capital and reserves
Called up share capital			10		10
Profit and loss account			54,405		40,149
Shareholders' funds			54,415		40,159

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 4 October 2023, and are signed on its behalf by:

MITCHINSON, A
Director
Registered Company No. 08013954

ADAM MITCHINSON LTD

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Turnover policy
	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.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2023		2022
	Average number of employees during the year	1		1

5.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 22	2,289	2,289
Additions	2,521	2,521
At 31 March 23	4,810	4,810
Depreciation and impairment
At 01 April 22	1,692	1,692
Charge for year	1,167	1,167
At 31 March 23	2,859	2,859
Net book value
At 31 March 23	1,951	1,951
At 31 March 22	597	597

6.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	6,864	2,746
Prepayments and accrued income	4,680	-
Total	11,544	2,746


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

7.	Creditors within one year

	2023	2022
	£	£
Taxation and social security	9,944	7,733
Other creditors	3,598	3,598
Accrued liabilities and deferred income	540	540
Total	14,082	11,871


	Short term creditors are measured at transaction price (which is usually the invoice price).