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REGISTERED NUMBER: 01648248 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Mitchell By-Products Limited

Mitchell By-Products Limited (Registered number: 01648248)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Mitchell By-Products Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs M E Mitchell





REGISTERED OFFICE: Hirstfield Farm
Black Dyke Lane
Thornton
Bradford
West Yorkshire
BD13 3RR





REGISTERED NUMBER: 01648248 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Mitchell By-Products Limited (Registered number: 01648248)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 34,198 45,608

CURRENT ASSETS
Stocks 3,000 3,250
Debtors 5 45,671 53,909
Cash at bank and in hand 86,185 54,364
134,856 111,523
CREDITORS
Amounts falling due within one year 6 (25,155 ) (18,541 )
NET CURRENT ASSETS 109,701 92,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,899

138,590

CREDITORS
Amounts falling due after more than one
year

7

(2,250

)

(3,375

)

PROVISIONS FOR LIABILITIES 8 (6,498 ) (8,665 )
NET ASSETS 135,151 126,550

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 135,051 126,450
SHAREHOLDERS' FUNDS 135,151 126,550

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Mitchell By-Products Limited (Registered number: 01648248)

Balance Sheet - continued
31 December 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 director and authorised for issue on 10 September 2024 and were signed by:





Mrs M E Mitchell - Director


Mitchell By-Products Limited (Registered number: 01648248)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Mitchell By-Products 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 represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

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 - 25% on reducing balance
Fixtures and fittings - 25% 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.

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 3 (2022 - 3 ) .

Mitchell By-Products Limited (Registered number: 01648248)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023
and 31 December 2023 15,753 51,676 3,148
DEPRECIATION
At 1 January 2023 15,753 44,092 2,608
Charge for year - 1,895 134
At 31 December 2023 15,753 45,987 2,742
NET BOOK VALUE
At 31 December 2023 - 5,689 406
At 31 December 2022 - 7,584 540

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 70,463 1,401 142,441
DEPRECIATION
At 1 January 2023 33,100 1,280 96,833
Charge for year 9,341 40 11,410
At 31 December 2023 42,441 1,320 108,243
NET BOOK VALUE
At 31 December 2023 28,022 81 34,198
At 31 December 2022 37,363 121 45,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 25,382 21,114
Other debtors 12,980 30,984
Tax - 1,611
Prepayments 7,309 200
45,671 53,909

Mitchell By-Products Limited (Registered number: 01648248)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 8,925 2,784
Tax 5,197 1,341
Social security and other taxes 799 686
VAT 5,116 7,705
Other creditors 3,015 3,015
Directors' current accounts 178 1,102
Accrued expenses 1,925 1,908
25,155 18,541

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Deferred government grants 2,250 3,375

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 6,498 8,665

Deferred
tax
£   
Balance at 1 January 2023 8,665
Provided during year (2,167 )
Balance at 31 December 2023 6,498

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Mitchell By-Products 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mitchell By-Products Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mitchell By-Products Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mitchell By-Products Limited and state those matters that we have agreed to state to the director of Mitchell By-Products Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mitchell By-Products Limited and its director for our work or for this report.

It is your duty to ensure that Mitchell By-Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mitchell By-Products Limited. You consider that Mitchell By-Products Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mitchell By-Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


10 September 2024