OS Mitchell Developments Limited 13733818 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true 13733818 2023-04-01 2024-03-31 13733818 2024-03-31 13733818 core:RetainedEarningsAccumulatedLosses 2024-03-31 13733818 core:ShareCapital 2024-03-31 13733818 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13733818 core:OfficeEquipment 2024-03-31 13733818 bus:SmallEntities 2023-04-01 2024-03-31 13733818 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13733818 bus:FullAccounts 2023-04-01 2024-03-31 13733818 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13733818 bus:RegisteredOffice 2023-04-01 2024-03-31 13733818 bus:Director1 2023-04-01 2024-03-31 13733818 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13733818 core:OfficeEquipment 2023-04-01 2024-03-31 13733818 core:PlantMachinery 2023-04-01 2024-03-31 13733818 countries:EnglandWales 2023-04-01 2024-03-31 13733818 2023-03-31 13733818 core:OfficeEquipment 2023-03-31 13733818 2021-11-10 2023-03-31 13733818 2023-03-31 13733818 core:RetainedEarningsAccumulatedLosses 2023-03-31 13733818 core:ShareCapital 2023-03-31 13733818 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13733818 core:OfficeEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 13733818

OS Mitchell Developments Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

 

OS Mitchell Developments Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

OS Mitchell Developments Limited

(Registration number: 13733818)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,321

5,112

Current assets

 

Debtors

990

100

Cash at bank and in hand

 

92,175

37,229

 

93,165

37,329

Creditors: Amounts falling due within one year

(35,767)

(24,986)

Net current assets

 

57,398

12,343

Total assets less current liabilities

 

60,719

17,455

Provisions for liabilities

(631)

-

Net assets

 

60,088

17,455

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

59,988

17,355

Total equity

 

60,088

17,455

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 8 August 2024
 

Mr O S Mitchell

Director

 

OS Mitchell Developments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Farmside Cottages
Ovington
Alresford
Hampshire
SO24 0RB

These financial statements were authorised for issue by the director on 8 August 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

33% straight line

 

OS Mitchell Developments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Office Equipment

25% straight line

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

-

7,667

Additions

1,019

1,019

At 31 March 2024

1,019

8,686

Depreciation

At 1 April 2023

-

2,555

Charge for the year

255

2,810

At 31 March 2024

255

5,365

Carrying amount

At 31 March 2024

764

3,321

At 31 March 2023

-

5,112