87 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,655,000 1,655,000 xbrli:pure xbrli:shares iso4217:GBP SC497188 2024-04-01 2025-03-31 SC497188 2025-03-31 SC497188 2024-03-31 SC497188 2023-04-01 2024-03-31 SC497188 2024-03-31 SC497188 2023-03-31 SC497188 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2025-03-31 SC497188 core:FurnitureFittings 2024-04-01 2025-03-31 SC497188 bus:Director4 2024-04-01 2025-03-31 SC497188 core:NetGoodwill 2025-03-31 SC497188 core:LandBuildings 2024-03-31 SC497188 core:FurnitureFittings 2024-03-31 SC497188 core:LandBuildings 2025-03-31 SC497188 core:FurnitureFittings 2025-03-31 SC497188 core:LandBuildings 2024-04-01 2025-03-31 SC497188 core:WithinOneYear 2025-03-31 SC497188 core:WithinOneYear 2024-03-31 SC497188 core:AfterOneYear 2025-03-31 SC497188 core:AfterOneYear 2024-03-31 SC497188 core:ShareCapital 2025-03-31 SC497188 core:ShareCapital 2024-03-31 SC497188 core:CapitalRedemptionReserve 2025-03-31 SC497188 core:CapitalRedemptionReserve 2024-03-31 SC497188 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC497188 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC497188 core:LandBuildings 2024-03-31 SC497188 core:FurnitureFittings 2024-03-31 SC497188 bus:SmallEntities 2024-04-01 2025-03-31 SC497188 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC497188 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC497188 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC497188 bus:FullAccounts 2024-04-01 2025-03-31 SC497188 core:NetGoodwill 2024-04-01 2025-03-31 SC497188 core:ComputerEquipment 2024-04-01 2025-03-31 SC497188 core:ComputerEquipment 2024-03-31 SC497188 core:ComputerEquipment 2025-03-31
COMPANY REGISTRATION NUMBER: SC497188
Mitchells Roberton Ltd
Filleted Unaudited Financial Statements
31 March 2025
Mitchells Roberton Ltd
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
6
153,843
201,525
Current assets
Debtors
7
2,274,876
2,201,303
Cash at bank and in hand
415,279
279,187
------------
------------
2,690,155
2,480,490
Creditors: amounts falling due within one year
8
1,153,216
1,231,195
------------
------------
Net current assets
1,536,939
1,249,295
------------
------------
Total assets less current liabilities
1,690,782
1,450,820
Creditors: amounts falling due after more than one year
9
4,784
14,914
Provisions
Taxation including deferred tax
14,056
20,858
------------
------------
Net assets
1,671,942
1,415,048
------------
------------
Capital and reserves
Called up share capital
12
14
Capital redemption reserve
9
7
Profit and loss account
1,671,921
1,415,027
------------
------------
Shareholders funds
1,671,942
1,415,048
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Mitchells Roberton Ltd
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 10 June 2025 , and are signed on behalf of the board by:
R. J. Inglis
Director
Company registration number: SC497188
Mitchells Roberton Ltd
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is George House, 36 North Hanover Street, Glasgow, G1 2AD, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Improvements
-
10% straight line
Fixture & Fittings
-
10% straight line
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 87 (2024: 81 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
1,655,000
------------
Amortisation
At 1 April 2024 and 31 March 2025
1,655,000
------------
Carrying amount
At 31 March 2025
------------
At 31 March 2024
------------
6. Tangible assets
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 April 2024
204,741
103,151
249,862
557,754
Additions
441
23,865
24,306
---------
---------
---------
---------
At 31 March 2025
204,741
103,592
273,727
582,060
---------
---------
---------
---------
Depreciation
At 1 April 2024
86,646
57,061
212,522
356,229
Charge for the year
20,474
10,359
41,155
71,988
---------
---------
---------
---------
At 31 March 2025
107,120
67,420
253,677
428,217
---------
---------
---------
---------
Carrying amount
At 31 March 2025
97,621
36,172
20,050
153,843
---------
---------
---------
---------
At 31 March 2024
118,095
46,090
37,340
201,525
---------
---------
---------
---------
7. Debtors
2025
2024
£
£
Trade debtors
848,391
886,791
Other debtors
1,426,485
1,314,512
------------
------------
2,274,876
2,201,303
------------
------------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
108,204
Trade creditors
19,183
13,661
Corporation tax
377,602
377,098
Social security and other taxes
348,071
339,362
Former director loan
22,950
Other creditors
398,360
369,920
------------
------------
1,153,216
1,231,195
------------
------------
9. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
4,784
14,914
-------
--------
Creditors includes a Bank loan for which a floating charge has been granted.