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REGISTERED NUMBER: 05655787 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

A.P. Mitchell Building Services Limited

A.P. Mitchell Building Services Limited (Registered number: 05655787)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.P. Mitchell Building Services Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr A C Mitchell
Mr P G Mitchell





REGISTERED OFFICE: 19 High Street
Neston
Cheshire
CH64 9TZ





REGISTERED NUMBER: 05655787 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

A.P. Mitchell Building Services Limited (Registered number: 05655787)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 225,861 200,593

CURRENT ASSETS
Stocks 381,469 896,787
Debtors 5 1,527,363 1,492,951
Cash at bank 481,675 591,533
2,390,507 2,981,271
CREDITORS
Amounts falling due within one year 6 984,694 1,315,748
NET CURRENT ASSETS 1,405,813 1,665,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,631,674

1,866,116

CREDITORS
Amounts falling due after more than one
year

7

(143,101

)

(196,090

)

PROVISIONS FOR LIABILITIES (28,719 ) (19,301 )
NET ASSETS 1,459,854 1,650,725

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,459,754 1,650,625
SHAREHOLDERS' FUNDS 1,459,854 1,650,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

A.P. Mitchell Building Services Limited (Registered number: 05655787)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2024 and were signed on its behalf by:




Mr A C Mitchell - Director



Mr P G Mitchell - Director


A.P. Mitchell Building Services Limited (Registered number: 05655787)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

A.P. Mitchell Building Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

A.P. Mitchell Building Services Limited (Registered number: 05655787)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2023 - 39 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2023 25,861 117,633 7,190
Additions - 100,797 1,949
Disposals - - -
At 29 February 2024 25,861 218,430 9,139
DEPRECIATION
At 1 March 2023 25,861 26,431 6,319
Charge for year - 28,800 423
Eliminated on disposal - - -
At 29 February 2024 25,861 55,231 6,742
NET BOOK VALUE
At 29 February 2024 - 163,199 2,397
At 28 February 2023 - 91,202 871

A.P. Mitchell Building Services Limited (Registered number: 05655787)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 239,627 20,221 410,532
Additions - - 102,746
Disposals (110,732 ) - (110,732 )
At 29 February 2024 128,895 20,221 402,546
DEPRECIATION
At 1 March 2023 136,151 15,177 209,939
Charge for year 18,963 1,665 49,851
Eliminated on disposal (83,105 ) - (83,105 )
At 29 February 2024 72,009 16,842 176,685
NET BOOK VALUE
At 29 February 2024 56,886 3,379 225,861
At 28 February 2023 103,476 5,044 200,593

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 58,725
Disposals (28,495 )
At 29 February 2024 30,230
DEPRECIATION
At 1 March 2023 35,796
Charge for year 3,188
Eliminated on disposal (18,319 )
At 29 February 2024 20,665
NET BOOK VALUE
At 29 February 2024 9,565
At 28 February 2023 22,929

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 907,124 948,200
Amounts owed by associates 494,556 410,771
Other debtors 125,683 133,980
1,527,363 1,492,951

A.P. Mitchell Building Services Limited (Registered number: 05655787)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 23,972 20,012
Hire purchase contracts - 13,750
Trade creditors 784,754 1,072,673
Taxation and social security 85,341 136,398
Other creditors 90,627 72,915
984,694 1,315,748

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 14,111 24,022
Hire purchase contracts - 3,743
Other creditors 128,990 168,325
143,101 196,090

Amounts falling due in more than five years:

Repayable by instalments
Other loans - 3,000

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts - 17,493

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £300,000 (2023 - £22,000) were paid to the directors .