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Company Registration No. 14668868 (England and Wales)
Mitchell Taxis Limited Unaudited accounts for the period from 17 February 2023 to 29 February 2024
Mitchell Taxis Limited Unaudited accounts Contents
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Mitchell Taxis Limited Company Information for the period from 17 February 2023 to 29 February 2024
Directors
Robert Mitchell Louise Mitchell
Company Number
14668868 (England and Wales)
Registered Office
Stable House Penarth Street London London SE15 1TR England
Accountants
Bay Accounting Limited 84 Victoria Avenue Margate CT9 2UD
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Mitchell Taxis Limited Statement of financial position as at 29 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
5,759 
Current assets
Inventories
1,102 
Debtors
13,659 
Cash at bank and in hand
6,505 
21,266 
Creditors: amounts falling due within one year
(21,772)
Net current liabilities
(506)
Net assets
5,253 
Capital and reserves
Called up share capital
100 
Profit and loss account
5,153 
Shareholders' funds
5,253 
For the period ending 29 February 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by
Robert Mitchell Director Company Registration No. 14668868
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Mitchell Taxis Limited Notes to the Accounts for the period from 17 February 2023 to 29 February 2024
1
Statutory information
Mitchell Taxis Limited is a private company, limited by shares, registered in England and Wales, registration number 14668868. The registered office is Stable House, Penarth Street, London, London, SE15 1TR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
3 Years Straight Line
Stock
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Mitchell Taxis Limited Notes to the Accounts for the period from 17 February 2023 to 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 17 February 2023
3,820 
3,180 
400 
7,400 
At 29 February 2024
3,820 
3,180 
400 
7,400 
Depreciation
Charge for the period
779 
729 
133 
1,641 
At 29 February 2024
779 
729 
133 
1,641 
Net book value
At 29 February 2024
3,041 
2,451 
267 
5,759 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
11,730 
Accrued income and prepayments
1,929 
13,659 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
5,066 
Trade creditors
3,293 
Taxes and social security
1,427 
Loans from directors
11,986 
21,772 
7
Transactions with related parties
All related party transactions during the current and prior periods, including key management personnel, were made under normal market conditions.
8
Average number of employees
During the period the average number of employees was 3.
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