A W Mitchell Electrical Services Ltd |
Registered Number:NI686817 |
For the year ended 31 March 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 31 March 2024
A W Mitchell Electrical Services Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
A W Mitchell Electrical Services Ltd
Statement of Financial Position
2023
2024
8,000
9,000
2
Property, plant and equipment |
24,232
23,743
3
32,232
32,743
1,700
5,150
4
Trade and other receivables |
13,776
31,643
5
10,930
Cash and cash equivalents |
53,425
90,218
26,406
Trade and other payables: amounts falling due within one |
year |
(57,980)
(68,684)
6
(31,574)
21,534
Net current assets
Total assets less current liabilities |
53,766
1,169
Trade and other payables: amounts falling due after more |
than one year |
-
(40,000)
7
13,766
Net assets
1,169
3
3
13,763
1,166
13,766
1,169
Shareholders' funds
For the year ended 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 financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Andrew Mitchell Director |
These financial statements were approved and authorised for issue by the Board on 25 September 2024 and were signed by: |
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For the year ended 31 March 2024
A W Mitchell Electrical Services Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 March 2024
A W Mitchell Electrical Services Ltd
Notes to the Financial Statements
Statutory Information
A W Mitchell Electrical Services Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, |
registration number NI686817. |
41 Richmond Drive
Tandragee
Armagh
BT62 2JJ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
2. Intangible fixed assets |
Goodwill
10,000
10,000
1,000
1,000
Charge for year
2,000
8,000
9,000
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For the year ended 31 March 2024
A W Mitchell Electrical Services Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment |
28,594
11,230
17,364
-
4,500
-
-
4,500
4,500
17,364
11,230
33,094
Provision for depreciation and impairment |
4,851
2,246
2,605
-
Charge for year
4,011
1,797
2,214
-
8,862
4,043
4,819
-
4,500
12,545
7,187
24,232
-
14,759
8,984
23,743
2023
2024
5,150
1,700
5. Trade and other receivables |
2023
2024
28,707
13,085
2,936
691
13,776
31,643
6. Trade and other payables: amounts falling due within one year |
2023
2024
16,093
15,168
Taxation and social security |
16,471
419
36,120
42,393
68,684
57,980
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For the year ended 31 March 2024
A W Mitchell Electrical Services Ltd
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
40,000
-
8. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 2)
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