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
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
Mitchell Taxis Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
6,505
Creditors: amounts falling due within one year
(21,772)
Net current liabilities
(506)
Called up share capital
100
Profit and loss account
5,153
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
Mitchell Taxis Limited
Notes to the Accounts
for the period from 17 February 2023 to 29 February 2024
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.
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.
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.
The accounts are presented in £ sterling.
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
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.
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.
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.
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
Charge for the period
779
729
133
1,641
At 29 February 2024
779
729
133
1,641
At 29 February 2024
3,041
2,451
267
5,759
Amounts falling due within one year
Accrued income and prepayments
1,929
6
Creditors: amounts falling due within one year
2024
Taxes and social security
1,427
Loans from directors
11,986
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.
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Average number of employees
During the period the average number of employees was 3.