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REGISTERED NUMBER: 07521740 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

W M MITCHELL ENGINEERING LIMITED

W M MITCHELL ENGINEERING LIMITED (REGISTERED NUMBER: 07521740)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W M MITCHELL ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: W Mitchell





REGISTERED OFFICE: 359 Worksop Road
Mastin Moor
Chesterfield
S43 3DH





REGISTERED NUMBER: 07521740 (England and Wales)





ACCOUNTANTS: Rhodes Clarke & Co Limited
Alison Business Centre
39-40 Alison Crescent
Sheffield
S2 1AS

W M MITCHELL ENGINEERING LIMITED (REGISTERED NUMBER: 07521740)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,781 42,174

CURRENT ASSETS
Debtors 5 33,141 61,569
Cash at bank 117,730 119,813
150,871 181,382
CREDITORS
Amounts falling due within one year 6 26,853 47,263
NET CURRENT ASSETS 124,018 134,119
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,799

176,293

PROVISIONS FOR LIABILITIES 10,978 8,013
NET ASSETS 170,821 168,280

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 170,820 168,279
SHAREHOLDERS' FUNDS 170,821 168,280

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

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

W M MITCHELL ENGINEERING LIMITED (REGISTERED NUMBER: 07521740)

BALANCE SHEET - continued
31ST MARCH 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 28th November 2023 and were signed by:





W Mitchell - Director


W M MITCHELL ENGINEERING LIMITED (REGISTERED NUMBER: 07521740)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

W M Mitchell Engineering 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 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 etc - 20% on reducing balance and 15% 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.

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 4 (2022 - 4 ) .

W M MITCHELL ENGINEERING LIMITED (REGISTERED NUMBER: 07521740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 100,001
Additions 33,714
Disposals (15,200 )
At 31st March 2023 118,515
DEPRECIATION
At 1st April 2022 57,827
Charge for year 13,283
Eliminated on disposal (10,376 )
At 31st March 2023 60,734
NET BOOK VALUE
At 31st March 2023 57,781
At 31st March 2022 42,174

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,985 56,445
Other debtors 2,156 5,124
33,141 61,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,805 8,011
Taxation and social security 18,645 36,091
Other creditors 3,403 3,161
26,853 47,263

W M MITCHELL ENGINEERING LIMITED (REGISTERED NUMBER: 07521740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
W Mitchell
Balance outstanding at start of year 3,000 -
Amounts advanced - 3,000
Amounts repaid (3,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,000