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Registered number: 00481536

Mitton Refrigeration Limited

ACCOUNTS
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
Mrs W Mitton
G F B Mitton
A D C Mitton
B J S Mitton
SECRETARY
Mrs W Mitton
REGISTERED OFFICE
91 Blackdyke Road
Kingstown Industrial Estate
Carlisle
CA3 0PJ
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 Sheet3
Notes To The Accounts4
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 28/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets256,11956,216
Investment Assets3163,080163,080
219,199219,296
CURRENT ASSETS
Debtors4-2,419
Cash at bank and in hand2,73312,512
2,73314,931
CREDITORS: Amounts falling due within one year5151,602157,846
NET CURRENT LIABILITIES(148,869)(142,915)
TOTAL ASSETS LESS CURRENT LIABILITIES70,33076,381
CREDITORS: Amounts falling due after more than one year65,3005,300
NET ASSETS65,03071,081
CAPITAL AND RESERVES
Called up share capital4,5004,500
Profit and loss account60,53066,581
SHAREHOLDERS' FUNDS65,03071,081
For the year ending 28/02/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/11/2024 and signed on their behalf by
.............................
A D C Mitton
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures, Fittings and Equipmentreducing 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
InvestmentFixtures
PropertiesFittings and EquipmentTotal
£££
Cost
At 01/03/202395,35710,828106,185
At 28/02/202495,35710,828106,185
Depreciation
At 01/03/202340,1089,86149,969
For the year-9797
At 28/02/202440,1089,95850,066
Net Book Amounts
At 28/02/202455,24987056,119
At 28/02/202355,24996756,216
3. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/03/2023163,080163,080
At 28/02/2024163,080163,080
Amortisation
Net Book Amounts
At 28/02/2024163,080163,080
At 28/02/2023163,080163,080
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 20242023
££
Amounts falling due within one year
Directors current account-2,419
-2,419
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax2,3573,574
Directors current account732-
Accruals8,4002,400
Amounts due to group companies140,113151,872
151,602157,846
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Other creditors > 1yr5,3005,300
5,3005,300
7. EMPLOYEES
20242023
No.No.
Average number of employees--
8. RELATED PARTY TRANSACTIONS
No remuneration was paid to the directors during the year (2023 - £700). Dividends of £16,000 (2023 - £20,000) were paid to a director during the year.
At the balance sheet date a loan of £732 was owed to a director by the company (2023 - £2,419 debtor). The loan is unsecured, interest free and repayable on demand.
At the balance sheet date a loan of £140,113 (2023 - £151,872) was owed by the company to its subsidiary undertaking, Refrigeration (Mitton) Ltd. The loan is interest free, unsecured and repayable on demand.

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.