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REGISTERED NUMBER: SC370760 (Scotland)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

B MITCHELL & SON LIMITED

B MITCHELL & SON LIMITED (REGISTERED NUMBER: SC370760)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

B MITCHELL & SON LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTOR: W R Mitchell





SECRETARY: W R Mitchell





REGISTERED OFFICE: 39 Welldale Street
Douglas
Lanark
Lanarkshire
ML11 0NS





REGISTERED NUMBER: SC370760 (Scotland)





ACCOUNTANTS: G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ

B MITCHELL & SON LIMITED (REGISTERED NUMBER: SC370760)

BALANCE SHEET
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 242,741 194,857

CURRENT ASSETS
Debtors 5 96,880 114,235
Cash at bank and in hand 100,385 95,844
197,265 210,079
CREDITORS
Amounts falling due within one year 6 61,179 68,592
NET CURRENT ASSETS 136,086 141,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,827

336,344

CREDITORS
Amounts falling due after more than one
year

7

193,001

158,154
NET ASSETS 185,826 178,190

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 185,726 178,090
SHAREHOLDERS' FUNDS 185,826 178,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

B MITCHELL & SON LIMITED (REGISTERED NUMBER: SC370760)

BALANCE SHEET - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2023 and were signed by:





W R Mitchell - Director


B MITCHELL & SON LIMITED (REGISTERED NUMBER: SC370760)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

B MITCHELL & SON LIMITED is a private company, limited by shares , registered in Scotland. 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 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2022 - 9 ) .

B MITCHELL & SON LIMITED (REGISTERED NUMBER: SC370760)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2022 510,186 1,797 2,477 514,460
Additions 151,265 - - 151,265
Disposals (98,751 ) - - (98,751 )
At 31 January 2023 562,700 1,797 2,477 566,974
DEPRECIATION
At 1 February 2022 316,199 1,578 1,826 319,603
Charge for year 60,510 44 130 60,684
Eliminated on disposal (56,054 ) - - (56,054 )
At 31 January 2023 320,655 1,622 1,956 324,233
NET BOOK VALUE
At 31 January 2023 242,045 175 521 242,741
At 31 January 2022 193,987 219 651 194,857

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 96,880 114,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 3,399 -
Trade creditors 16,126 13,145
Taxation and social security 41,080 54,843
Other creditors 574 604
61,179 68,592

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts 159,067 114,571
Other creditors 33,934 43,583
193,001 158,154

B MITCHELL & SON LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
B MITCHELL & SON LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ


Date: .............................................