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REGISTERED NUMBER: 05655787 (England and Wales)







Unaudited Financial Statements

for the Year Ended 28 February 2023

for

A.P. Mitchell Building Services Limited

A.P. Mitchell Building Services Limited (Registered number: 05655787)






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


A.P. Mitchell Building Services Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: A C Mitchell
P G Mitchell





REGISTERED OFFICE: 1-3 Morton Court
Morton Court
NESTON
Cheshire
CH64 9XN





REGISTERED NUMBER: 05655787 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

A.P. Mitchell Building Services Limited (Registered number: 05655787)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,593 77,840

CURRENT ASSETS
Stocks 896,787 875,031
Debtors 5 1,492,951 1,051,806
Cash at bank 591,533 662,303
2,981,271 2,589,140
CREDITORS
Amounts falling due within one year 6 1,315,748 1,018,165
NET CURRENT ASSETS 1,665,523 1,570,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,866,116

1,648,815

CREDITORS
Amounts falling due after more than one year 7 (196,090 ) (255,759 )

PROVISIONS FOR LIABILITIES (19,301 ) (8,644 )
NET ASSETS 1,650,725 1,384,412

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,650,625 1,384,312
SHAREHOLDERS' FUNDS 1,650,725 1,384,412

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 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.

A.P. Mitchell Building Services Limited (Registered number: 05655787)

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 Board of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by:




A C Mitchell - Director



P G Mitchell - Director


A.P. Mitchell Building Services Limited (Registered number: 05655787)

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

1. STATUTORY INFORMATION

A.P. Mitchell Building Services 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

A.P. Mitchell Building Services Limited (Registered number: 05655787)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2022 25,861 11,860 7,190
Additions - 105,773 -
Disposals - - -
At 28 February 2023 25,861 117,633 7,190
DEPRECIATION
At 1 March 2022 25,861 10,337 6,165
Charge for year - 16,094 154
Eliminated on disposal - - -
At 28 February 2023 25,861 26,431 6,319
NET BOOK VALUE
At 28 February 2023 - 91,202 871
At 28 February 2022 - 1,523 1,025

A.P. Mitchell Building Services Limited (Registered number: 05655787)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 178,752 20,221 243,884
Additions 74,175 - 179,948
Disposals (13,300 ) - (13,300 )
At 28 February 2023 239,627 20,221 410,532
DEPRECIATION
At 1 March 2022 110,988 12,693 166,044
Charge for year 34,492 2,484 53,224
Eliminated on disposal (9,329 ) - (9,329 )
At 28 February 2023 136,151 15,177 209,939
NET BOOK VALUE
At 28 February 2023 103,476 5,044 200,593
At 28 February 2022 67,764 7,528 77,840

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022
and 28 February 2023 58,725
DEPRECIATION
At 1 March 2022 28,153
Charge for year 7,643
At 28 February 2023 35,796
NET BOOK VALUE
At 28 February 2023 22,929
At 28 February 2022 30,572

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 948,200 494,827
Amounts owed by associates 410,771 408,045
Other debtors 133,980 148,934
1,492,951 1,051,806

A.P. Mitchell Building Services Limited (Registered number: 05655787)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 20,012 21,076
Hire purchase contracts 13,750 13,750
Trade creditors 1,072,673 651,694
Amounts owed to associates - 43,401
Taxation and social security 136,398 206,505
Other creditors 72,915 81,739
1,315,748 1,018,165

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 24,022 33,689
Hire purchase contracts 3,743 17,927
Other creditors 168,325 204,143
196,090 255,759

Amounts falling due in more than five years:

Repayable by instalments
Other loans 3,000 37,476

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Hire purchase contracts 17,493 31,677

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £22,000 (2022 - £28,000) were paid to the directors .