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REGISTERED NUMBER: 08400323 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Mitre Consultants Limited

Mitre Consultants Limited (Registered number: 08400323)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mitre Consultants Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: M Kingston





REGISTERED OFFICE: 7 Adelaide Crescent
HOVE
BN3 2JE





REGISTERED NUMBER: 08400323 (England and Wales)





ACCOUNTANTS: Sussex Accounting Solutions Ltd
7 The Green
Lewes Road
Ringmer
LEWES
East Sussex
BN8 5QG

Mitre Consultants Limited (Registered number: 08400323)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 603

CURRENT ASSETS
Debtors 5 20,000 25,702
Cash at bank 8,683 80,545
28,683 106,247
CREDITORS
Amounts falling due within one year 6 4,726 55,829
NET CURRENT ASSETS 23,957 50,418
TOTAL ASSETS LESS CURRENT LIABILITIES 23,957 51,021

PROVISIONS FOR LIABILITIES - 115
NET ASSETS 23,957 50,906

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,955 50,904
SHAREHOLDERS' FUNDS 23,957 50,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Mitre Consultants Limited (Registered number: 08400323)

Balance Sheet - continued
28 February 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





M Kingston - Director


Mitre Consultants Limited (Registered number: 08400323)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Mitre Consultants 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

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.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2022 - 2 ) .

Mitre Consultants Limited (Registered number: 08400323)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 7,061
DEPRECIATION
At 1 March 2022 6,458
Charge for year 603
At 28 February 2023 7,061
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 603

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 20,000 -
Other debtors - 25,702
20,000 25,702

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 3,500 17,000
Taxation and social security - 2,109
Other creditors 1,226 36,720
4,726 55,829

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
M Kingston
Balance outstanding at start of year 25,322 (606 )
Amounts advanced - 25,928
Amounts repaid (25,322 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 25,322

Mitre Consultants Limited (Registered number: 08400323)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. RELATED PARTY DISCLOSURES

Mr M Kingston the director and shareholder of this company, is also the director and shareholder of Glide Consultants Ltd. During the year the company made purchases of £22,500 from Glide Consultants Ltd. As at the year end a balance of £3,500 was outstanding.

During the year the company was under the control of the director and his spouse.