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REGISTERED NUMBER: 00310759 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

HENRY MITCHELL & SONS LIMITED

HENRY MITCHELL & SONS LIMITED (REGISTERED NUMBER: 00310759)






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


HENRY MITCHELL & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Stephen Crossland
David Crossland





SECRETARY: Lorna Crossland





REGISTERED OFFICE: 1 South Lane
Holmfirth
West Yorkshire
HD9 1HN





REGISTERED NUMBER: 00310759 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
West Yorkshire
HD2 1GQ

HENRY MITCHELL & SONS LIMITED (REGISTERED NUMBER: 00310759)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 91,630 97,876
91,630 97,876

CURRENT ASSETS
Stocks 20,204 34,501
Debtors 6 29,824 25,413
Cash at bank and in hand 118,672 113,230
168,700 173,144
CREDITORS
Amounts falling due within one year 7 67,033 88,816
NET CURRENT ASSETS 101,667 84,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,297

182,204

CREDITORS
Amounts falling due after more than
one year

8

(1,000

)

(1,000

)

PROVISIONS FOR LIABILITIES (120 ) (642 )
NET ASSETS 192,177 180,562

CAPITAL AND RESERVES
Called up share capital 1,004 1,004
Revaluation reserve 90,584 94,068
Profit and loss account 100,589 85,490
192,177 180,562

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.

HENRY MITCHELL & SONS LIMITED (REGISTERED NUMBER: 00310759)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





David Crossland - Director


HENRY MITCHELL & SONS LIMITED (REGISTERED NUMBER: 00310759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Henry Mitchell & Sons 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

GOODWILL
Goodwill has been capitalised and amortised on a straight line basis over the estimated useful economic life of ten years, which was chosen because the directors are of the opinion that this is the period over which the company will receive economic benefits from these assets.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on valuation
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance and 10% on reducing balance
Motor vehicles - 20% 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 Profit and Loss Account, 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.


HENRY MITCHELL & SONS LIMITED (REGISTERED NUMBER: 00310759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 43,490
AMORTISATION
At 1 March 2023
and 29 February 2024 43,490
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

HENRY MITCHELL & SONS LIMITED (REGISTERED NUMBER: 00310759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 March 2023 175,000 3,517 23,237 28,720 230,474
Additions - - 438 - 438
At 29 February 2024 175,000 3,517 23,675 28,720 230,912
DEPRECIATION
At 1 March 2023 80,500 3,517 22,545 26,036 132,598
Charge for year 3,500 - 500 2,684 6,684
At 29 February 2024 84,000 3,517 23,045 28,720 139,282
NET BOOK VALUE
At 29 February 2024 91,000 - 630 - 91,630
At 28 February 2023 94,500 - 692 2,684 97,876

Cost or valuation at 29 February 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 1992 175,000 - - - 175,000
Valuation in 2024 - 3,517 23,675 28,720 55,912
175,000 3,517 23,675 28,720 230,912

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,004 23,772
Other debtors 1,820 1,641
29,824 25,413

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 38,532 52,515
Taxation and social security 12,338 12,021
Other creditors 16,163 24,280
67,033 88,816

HENRY MITCHELL & SONS LIMITED (REGISTERED NUMBER: 00310759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Non Equity Shares 1,000 1,000

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £9,092 (2023: £7,000). Contributions totalling £Nil (2023: £Nil) were payable to the fund at the year end and are included in creditors.