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REGISTERED NUMBER: 02084498 (England and Wales)















Mitchell Bridges Limited

Financial Statements for the Year Ended 30th November 2024






Mitchell Bridges Limited (Registered number: 02084498)

Contents of the Financial Statements
for the Year Ended 30th November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mitchell Bridges Limited

Company Information
for the Year Ended 30th November 2024







DIRECTORS: C R Mitchell
Mrs J M Downing





SECRETARY: Mrs J M Downing





REGISTERED OFFICE: The Foundry
London Road
Kingsworthy
Winchester
Hampshire
SO23 7QN





REGISTERED NUMBER: 02084498 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
The Engine House
77 Station Road
Petersfield
Hampshire
GU32 3FQ

Mitchell Bridges Limited (Registered number: 02084498)

Balance Sheet
30th November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,892,852 1,957,399

CURRENT ASSETS
Stocks 23,470 115,801
Debtors 5 200,094 192,461
Cash at bank 666,807 744,748
890,371 1,053,010
CREDITORS
Amounts falling due within one year 6 218,157 267,149
NET CURRENT ASSETS 672,214 785,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,565,066

2,743,260

CREDITORS
Amounts falling due after more than
one year

7

(2,899

)

(9,856

)

PROVISIONS FOR LIABILITIES (463,521 ) (478,031 )
NET ASSETS 2,098,646 2,255,373

Mitchell Bridges Limited (Registered number: 02084498)

Balance Sheet - continued
30th November 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,279 1,279
Share premium 488,821 488,821
Fair value reserve 8 1,182,136 1,210,968
Retained earnings 426,410 554,305
2,098,646 2,255,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th February 2025 and were signed on its behalf by:




C R Mitchell - Director



Mrs J M Downing - Director


Mitchell Bridges Limited (Registered number: 02084498)

Notes to the Financial Statements
for the Year Ended 30th November 2024


1. STATUTORY INFORMATION

Mitchell Bridges 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.

Turnover
Turnover represents invoiced hire receipts and sales, net of value added tax, together with the percentage of associated revenue on work not invoiced but in progress at the year end. Provision is made for hire receipts due but not invoiced and hire receipts received in advance at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and 2% on cost

Stocks and work in progress
Work in progress is valued to recognise the revenue associated with a transaction as a percentage of the work completed at the year end on a straight line basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Mitchell Bridges Limited (Registered number: 02084498)

Notes to the Financial Statements - continued
for the Year Ended 30th November 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

Mitchell Bridges Limited (Registered number: 02084498)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2023 2,395,045
Additions 3,730
At 30th November 2024 2,398,775
DEPRECIATION
At 1st December 2023 437,646
Charge for year 68,277
At 30th November 2024 505,923
NET BOOK VALUE
At 30th November 2024 1,892,852
At 30th November 2023 1,957,399

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 107,632 64,667
Other debtors 92,462 127,794
200,094 192,461

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,957 6,957
Trade creditors 39,585 37,740
Taxation and social security 103,933 151,809
Other creditors 67,682 70,643
218,157 267,149

Mitchell Bridges Limited (Registered number: 02084498)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,899 9,856

8. RESERVES
Fair
value
reserve
£   
At 1st December 2023 1,210,968
Transfer to profit and loss (38,443 )
Deferred tax movement 9,611

At 30th November 2024 1,182,136