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REGISTERED NUMBER: 09900636 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MITCHELL AND ANDREW LIMITED

MITCHELL AND ANDREW LIMITED (REGISTERED NUMBER: 09900636)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MITCHELL AND ANDREW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M L C Andrew
M K Mitchell





REGISTERED OFFICE: Goonvean
Newbridge
TRURO
Cornwall
TR3 6BN





REGISTERED NUMBER: 09900636 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

MITCHELL AND ANDREW LIMITED (REGISTERED NUMBER: 09900636)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 95,528 107,232

CURRENT ASSETS
Stocks 460,853 471,073
Cash at bank and in hand 57,044 40,338
517,897 511,411
CREDITORS
Amounts falling due within one year 6 327,927 320,830
NET CURRENT ASSETS 189,970 190,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,498

297,813

PROVISIONS FOR LIABILITIES 8,479 11,405
NET ASSETS 277,019 286,408

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 276,919 286,308
SHAREHOLDERS' FUNDS 277,019 286,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MITCHELL AND ANDREW LIMITED (REGISTERED NUMBER: 09900636)

BALANCE SHEET - continued
31 DECEMBER 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 28 March 2025 and were signed on its behalf by:




M L C Andrew - Director



M K Mitchell - Director


MITCHELL AND ANDREW LIMITED (REGISTERED NUMBER: 09900636)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Mitchell and Andrew 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total value of work carried out during the year in the course of the company's ordinary activities, specifically building work, and is stated exclusive of VAT. Turnover is recognised based on the stage of completion of the contracted activity as at the reporting date.

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 and 25% on cost

Stocks
Stock has been valued at the lower of cost and net realisable value.

Work in progress is in relation to a property development. Costs directly attributable to the acquisition and construction of the property have been recognised as work in progress and will be released to the profit and loss account upon the eventual completion and sale.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

MITCHELL AND ANDREW LIMITED (REGISTERED NUMBER: 09900636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 61,614 89,316 150,930
DEPRECIATION
At 1 January 2024 - 43,698 43,698
Charge for year - 11,704 11,704
At 31 December 2024 - 55,402 55,402
NET BOOK VALUE
At 31 December 2024 61,614 33,914 95,528
At 31 December 2023 61,614 45,618 107,232

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 11,504 18,485
Other creditors 316,423 302,345
327,927 320,830

7. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed the directors £301,437 (2023 :£299,154).This amount is shown within creditors repayable within one year.

The company is charged interest at 4% per annum and the loan is repayable on demand.