2022-07-012023-06-302023-06-30false06934691Mitchell Maguire Limited2023-11-13iso4217:GBPxbrli:pure069346912022-07-01069346912023-06-30069346912022-07-012023-06-30069346912021-07-01069346912022-06-30069346912021-07-012022-06-3006934691bus:SmallEntities2022-07-012023-06-3006934691bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3006934691bus:FullAccounts2022-07-012023-06-3006934691bus:PrivateLimitedCompanyLtd2022-07-012023-06-3006934691core:WithinOneYear2023-06-3006934691core:AfterOneYear2023-06-3006934691core:WithinOneYear2022-06-3006934691core:AfterOneYear2022-06-3006934691core:ShareCapital2023-06-3006934691core:SharePremium2023-06-3006934691core:RevaluationReserve2023-06-3006934691core:OtherReservesSubtotal2023-06-3006934691core:RetainedEarningsAccumulatedLosses2023-06-3006934691core:ShareCapital2022-06-3006934691core:SharePremium2022-06-3006934691core:RevaluationReserve2022-06-3006934691core:OtherReservesSubtotal2022-06-3006934691core:RetainedEarningsAccumulatedLosses2022-06-3006934691core:LandBuildings2023-06-3006934691core:PlantMachinery2023-06-3006934691core:Vehicles2023-06-3006934691core:FurnitureFittings2023-06-3006934691core:OfficeEquipment2023-06-3006934691core:NetGoodwill2023-06-3006934691core:IntangibleAssetsOtherThanGoodwill2023-06-3006934691core:ListedExchangeTraded2023-06-3006934691core:UnlistedNon-exchangeTraded2023-06-3006934691core:LandBuildings2022-06-3006934691core:PlantMachinery2022-06-3006934691core:Vehicles2022-06-3006934691core:FurnitureFittings2022-06-3006934691core:OfficeEquipment2022-06-3006934691core:NetGoodwill2022-06-3006934691core:IntangibleAssetsOtherThanGoodwill2022-06-3006934691core:ListedExchangeTraded2022-06-3006934691core:UnlistedNon-exchangeTraded2022-06-3006934691core:LandBuildings2022-07-012023-06-3006934691core:PlantMachinery2022-07-012023-06-3006934691core:Vehicles2022-07-012023-06-3006934691core:FurnitureFittings2022-07-012023-06-3006934691core:OfficeEquipment2022-07-012023-06-3006934691core:NetGoodwill2022-07-012023-06-3006934691core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3006934691core:ListedExchangeTraded2022-07-012023-06-3006934691core:UnlistedNon-exchangeTraded2022-07-012023-06-3006934691core:MoreThanFiveYears2022-07-012023-06-3006934691core:Non-currentFinancialInstruments2023-06-3006934691core:Non-currentFinancialInstruments2022-06-3006934691dpl:CostSales2022-07-012023-06-3006934691dpl:DistributionCosts2022-07-012023-06-3006934691core:LandBuildings2022-07-012023-06-3006934691core:PlantMachinery2022-07-012023-06-3006934691core:Vehicles2022-07-012023-06-3006934691core:FurnitureFittings2022-07-012023-06-3006934691core:OfficeEquipment2022-07-012023-06-3006934691dpl:AdministrativeExpenses2022-07-012023-06-3006934691core:NetGoodwill2022-07-012023-06-3006934691core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3006934691dpl:GroupUndertakings2022-07-012023-06-3006934691dpl:ParticipatingInterests2022-07-012023-06-3006934691dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3006934691core:ListedExchangeTraded2022-07-012023-06-3006934691dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3006934691core:UnlistedNon-exchangeTraded2022-07-012023-06-3006934691dpl:CostSales2021-07-012022-06-3006934691dpl:DistributionCosts2021-07-012022-06-3006934691core:LandBuildings2021-07-012022-06-3006934691core:PlantMachinery2021-07-012022-06-3006934691core:Vehicles2021-07-012022-06-3006934691core:FurnitureFittings2021-07-012022-06-3006934691core:OfficeEquipment2021-07-012022-06-3006934691dpl:AdministrativeExpenses2021-07-012022-06-3006934691core:NetGoodwill2021-07-012022-06-3006934691core:IntangibleAssetsOtherThanGoodwill2021-07-012022-06-3006934691dpl:GroupUndertakings2021-07-012022-06-3006934691dpl:ParticipatingInterests2021-07-012022-06-3006934691dpl:GroupUndertakingscore:ListedExchangeTraded2021-07-012022-06-3006934691core:ListedExchangeTraded2021-07-012022-06-3006934691dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-07-012022-06-3006934691core:UnlistedNon-exchangeTraded2021-07-012022-06-3006934691core:NetGoodwill2023-06-3006934691core:IntangibleAssetsOtherThanGoodwill2023-06-3006934691core:LandBuildings2023-06-3006934691core:PlantMachinery2023-06-3006934691core:Vehicles2023-06-3006934691core:FurnitureFittings2023-06-3006934691core:OfficeEquipment2023-06-3006934691core:AfterOneYear2023-06-3006934691core:WithinOneYear2023-06-3006934691core:ListedExchangeTraded2023-06-3006934691core:UnlistedNon-exchangeTraded2023-06-3006934691core:ShareCapital2023-06-3006934691core:SharePremium2023-06-3006934691core:RevaluationReserve2023-06-3006934691core:OtherReservesSubtotal2023-06-3006934691core:RetainedEarningsAccumulatedLosses2023-06-3006934691core:NetGoodwill2022-06-3006934691core:IntangibleAssetsOtherThanGoodwill2022-06-3006934691core:LandBuildings2022-06-3006934691core:PlantMachinery2022-06-3006934691core:Vehicles2022-06-3006934691core:FurnitureFittings2022-06-3006934691core:OfficeEquipment2022-06-3006934691core:AfterOneYear2022-06-3006934691core:WithinOneYear2022-06-3006934691core:ListedExch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Mitchell Maguire Limited

Registered Number
06934691
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2023

Mitchell Maguire Limited
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

Mr S Hayes
Mr G Robinson
Mrs K Robinson

Registered Address

10 Western Road
Romford
RM1 3JT

Registered Number

06934691 (England and Wales)
Mitchell Maguire Limited
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets85,8833,691
5,8833,691
Current assets
Debtors11104,33953,114
Cash at bank and on hand392,812355,779
497,151408,893
Creditors amounts falling due within one year12(204,000)(184,985)
Net current assets (liabilities)293,151223,908
Total assets less current liabilities299,034227,599
Provisions for liabilities13(1,206)(701)
Net assets297,828226,898
Capital and reserves
Called up share capital100100
Profit and loss account297,728226,798
Shareholders' funds297,828226,898
The financial statements were approved and authorised for issue by the Board of Directors on 13 November 2023, and are signed on its behalf by:
Mr G Robinson
Director
Mr S Hayes
Director

Registered Company No. 06934691
Mitchell Maguire Limited
Notes to the Financial Statements
for the year ended 30 June 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.First time adoption and other factors relevant to transition
These financial statements for the year ended 30 June 2023 are the first financial statements of Mitchell Maguire Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 July 2021. An explanation of how transition to FRS 102 has affected the reported financial position and financial performance is given in note. Equity as reported under previous UK GAAP has decreased by £701 due to adjustments arising from transaction to FRS 102 relating to deferred tax, equity reported under FRS 102 is £226,798. Profit as reported under previous UK GAAP has decreased by £701 due to adjustments arising from transaction to FRS 102 relating to deferred tax.
4.Principal activities
The principal activity of the company continued to be that of recruitment consultants.
5.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
6.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
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:

Reducing balance (%)
Fixtures and fittings25
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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Government grants and other government assistance policy
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
7.Employee information

20232022
Average number of employees during the year1212
8.Property, plant and equipment

Fixtures & fittings

Total

££
Cost or valuation
At 01 July 2214,51714,517
Additions4,1544,154
At 30 June 2318,67118,671
Depreciation and impairment
At 01 July 2210,82610,826
Charge for year1,9621,962
At 30 June 2312,78812,788
Net book value
At 30 June 235,8835,883
At 30 June 223,6913,691
9.Directors advances, credits and guarantees
At the year end the company owed the directors £563 by way of their directors current accounts.
10.Dividends proposed and payable

2023

2022

££
Dividends Paid181,000169,500
Total181,000169,500
The dividends shown above were paid in the year in respect of shares held by the company’s directors.
11.Debtors

2023

2022

££
Trade debtors / trade receivables85,75851,018
Other debtors-65
Prepayments and accrued income18,5812,031
Total104,33953,114
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
12.Creditors within one year

2023

2022

££
Trade creditors / trade payables1,466352
Taxation and social security160,622151,118
Other creditors1,2731,586
Accrued liabilities and deferred income40,63931,929
Total204,000184,985
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
13.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)1,206701
Total1,206701