Registered number: 00481536 | ||||||||
FOR THE YEAR ENDED 28/02/2024 | ||||||||
Prepared By: | ||||||||
NB Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
Mitton Refrigeration Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 28/02/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 00481536 | ||||||||
BANKERS | ||||||||
National Wesminster Bank plc | ||||||||
ACCOUNTANTS | ||||||||
NB Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
Mitton Refrigeration Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED28/02/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Mitton Refrigeration Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
Investment Assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
2,733 | 14,931 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (142,915) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 5,300 | 5,300 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 60,530 | 66,581 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Mitton Refrigeration Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 28/02/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Fixtures, Fittings and Equipment | reducing balance 10% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at fair value. Gains are recognised in the income statement. Deferred taxation is provided at the rate expected to apply when the property is sold. |
1d. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1e. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. |
Mitton Refrigeration Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||||||
Investment | Fixtures | |||||||||
Properties | Fittings and Equipment | Total | ||||||||
£ | £ | £ | ||||||||
Cost | ||||||||||
At 01/03/2023 | 95,357 | 10,828 | 106,185 | |||||||
At 28/02/2024 | 95,357 | 10,828 | 106,185 | |||||||
Depreciation | ||||||||||
At 01/03/2023 | 40,108 | 9,861 | 49,969 | |||||||
For the year | - | 97 | 97 | |||||||
At 28/02/2024 | 40,108 | 9,958 | 50,066 | |||||||
Net Book Amounts | ||||||||||
At 28/02/2024 | 55,249 | 870 | 56,119 | |||||||
At 28/02/2023 | 55,249 | 967 | 56,216 | |||||||
3. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/03/2023 | 163,080 | 163,080 | |||||||
At 28/02/2024 | 163,080 | 163,080 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 28/02/2024 | 163,080 | 163,080 | |||||||
At 28/02/2023 | 163,080 | 163,080 | |||||||
The company holds 160,994 (2023 - 160,994) Ordinary Shares (97.6% of the share capital) of Refrigeration (Mitton) Limited, a company registered in England and Wales. | |||||||||
At the balance sheet date the capital and reserves of the subsidiary amounted to £67,154 and the loss for the year after taxation was £10,037. | |||||||||
Mitton Refrigeration Limited | ||||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Directors current account | - | 2,419 | ||||||
- | 2,419 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 2,357 | 3,574 | ||||||
Directors current account | 732 | - | ||||||
Accruals | 8,400 | 2,400 | ||||||
Amounts due to group companies | 140,113 | 151,872 | ||||||
151,602 | 157,846 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Other creditors > 1yr | 5,300 | 5,300 | ||||||
5,300 | 5,300 | |||||||
7. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | - | |||||
8. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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Mitton Refrigeration Limited | ||||||||
9. ADDITIONAL INFORMATION | ||||||||
The company is a private company, limited by shares and registered in England & Wales. | ||||||||
The company's registered number is 00481536. | ||||||||
The company's registered office is 91 Blackdyke Road, Kingstown Industrial Estate, Carlisle, CA3 0PJ. |
10. TRANSACTIONS WITH DIRECTORS | ||||||||
At 1 March 2023 a loan of £2,419 was owed to the company by a director which was repaid in full. The loan was unsecured, interest free and repayable on demand. | ||||||||