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REGISTERED NUMBER: SC003736 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ANDREW MITCHELL & COMPANY LIMITED

ANDREW MITCHELL & COMPANY LIMITED (REGISTERED NUMBER: SC003736)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


ANDREW MITCHELL & COMPANY LIMITED (REGISTERED NUMBER: SC003736)

Balance Sheet
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181,214 163,129

CURRENT ASSETS
Stocks 77,927 113,395
Debtors 5 487,310 1,035,456
Cash at bank and in hand 123,760 164,528
688,997 1,313,379
CREDITORS
Amounts falling due within one year 6 411,730 551,115
NET CURRENT ASSETS 277,267 762,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

458,481

925,393

CREDITORS
Amounts falling due after more than one year 7 (55,104 ) (82,182 )

PROVISIONS FOR LIABILITIES 9 (45,304 ) (40,782 )
NET ASSETS 358,073 802,429

CAPITAL AND RESERVES
Called up share capital 10 100,504 100,504
Share premium 71,931 71,931
Retained earnings 185,638 629,994
SHAREHOLDERS' FUNDS 358,073 802,429

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.

ANDREW MITCHELL & COMPANY LIMITED (REGISTERED NUMBER: SC003736)

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 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 31 March 2025 and were signed on its behalf by:




Mr M Judson - Director



Mrs A Taylor - Director


ANDREW MITCHELL & COMPANY LIMITED (REGISTERED NUMBER: SC003736)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Andrew Mitchell & Company Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC003736

Registered office: 272 Bath Street
Glasgow
Lanarkshire
G2 4JR

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 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.
Short leasehold - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

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.

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.

ANDREW MITCHELL & COMPANY LIMITED (REGISTERED NUMBER: SC003736)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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 25 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 14,354 359,560 37,855 55,715 467,484
Additions - 59,464 - - 59,464
At 31 December 2024 14,354 419,024 37,855 55,715 526,948
DEPRECIATION
At 1 January 2024 14,354 243,773 35,131 11,097 304,355
Charge for year - 31,910 545 8,924 41,379
At 31 December 2024 14,354 275,683 35,676 20,021 345,734
NET BOOK VALUE
At 31 December 2024 - 143,341 2,179 35,694 181,214
At 31 December 2023 - 115,787 2,724 44,618 163,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 340,808 442,664
Amounts owed by group undertakings - 528,175
Other debtors 146,502 64,617
487,310 1,035,456

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 9,654 10,000
Hire purchase contracts 18,074 30,546
Trade creditors 203,348 252,452
Taxation and social security 176,909 179,366
Other creditors 3,745 78,751
411,730 551,115

ANDREW MITCHELL & COMPANY LIMITED (REGISTERED NUMBER: SC003736)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 8,987 18,048
Hire purchase contracts 46,117 64,134
55,104 82,182

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 64,191 94,680

The company assets are secured by fixed and floating charges, dated 07 June 2019 in favour of Barclays Security Trustee Limited.

Further charges exist in favour of Barclays Bank PLC dated 18 June 2019 which are secured by fixed and floating charges.

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 45,304 40,782

Deferred
tax
£   
Balance at 1 January 2024 40,782
Provided during year 4,522
Balance at 31 December 2024 45,304

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100,504 Ordinary 1 100,504 100,504

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors, by virtue of them owning the entire issued share capital of Shadwell Limited, the company's parent.