Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 03636184 Miss J Mitchell Miss N Mitchell J Mitchell & N Mitchell true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03636184 2023-09-30 03636184 2024-09-30 03636184 2023-10-01 2024-09-30 03636184 frs-core:CurrentFinancialInstruments 2024-09-30 03636184 frs-core:Non-currentFinancialInstruments 2024-09-30 03636184 frs-core:BetweenOneFiveYears 2024-09-30 03636184 frs-core:ComputerEquipment 2024-09-30 03636184 frs-core:ComputerEquipment 2023-10-01 2024-09-30 03636184 frs-core:ComputerEquipment 2023-09-30 03636184 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 03636184 frs-core:FurnitureFittings 2024-09-30 03636184 frs-core:FurnitureFittings 2023-10-01 2024-09-30 03636184 frs-core:FurnitureFittings 2023-09-30 03636184 frs-core:MotorVehicles 2024-09-30 03636184 frs-core:MotorVehicles 2023-10-01 2024-09-30 03636184 frs-core:MotorVehicles 2023-09-30 03636184 frs-core:OtherResidualIntangibleAssets 2024-09-30 03636184 frs-core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 03636184 frs-core:OtherResidualIntangibleAssets 2023-09-30 03636184 frs-core:PlantMachinery 2024-09-30 03636184 frs-core:PlantMachinery 2023-10-01 2024-09-30 03636184 frs-core:PlantMachinery 2023-09-30 03636184 frs-core:WithinOneYear 2024-09-30 03636184 frs-core:SharePremium 2024-09-30 03636184 frs-core:ShareCapital 2024-09-30 03636184 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 03636184 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03636184 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 03636184 frs-bus:SmallEntities 2023-10-01 2024-09-30 03636184 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03636184 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03636184 1 2023-10-01 2024-09-30 03636184 frs-bus:Director1 2023-10-01 2024-09-30 03636184 frs-bus:Director2 2023-10-01 2024-09-30 03636184 frs-countries:EnglandWales 2023-10-01 2024-09-30 03636184 2022-09-30 03636184 2023-09-30 03636184 2022-10-01 2023-09-30 03636184 frs-core:CurrentFinancialInstruments 2023-09-30 03636184 frs-core:Non-currentFinancialInstruments 2023-09-30 03636184 frs-core:BetweenOneFiveYears 2023-09-30 03636184 frs-core:WithinOneYear 2023-09-30 03636184 frs-core:SharePremium 2023-09-30 03636184 frs-core:ShareCapital 2023-09-30 03636184 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 03636184
Mitchell Drainage and Environmental Solutions Ltd
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03636184
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 267 667
Tangible Assets 5 529,042 655,925
529,309 656,592
CURRENT ASSETS
Debtors 6 1,856,182 1,561,144
Cash at bank and in hand 410,599 597,563
2,266,781 2,158,707
Creditors: Amounts Falling Due Within One Year 7 (823,584 ) (721,228 )
NET CURRENT ASSETS (LIABILITIES) 1,443,197 1,437,479
TOTAL ASSETS LESS CURRENT LIABILITIES 1,972,506 2,094,071
Creditors: Amounts Falling Due After More Than One Year 8 (395,367 ) (646,765 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (138,795 ) (164,148 )
NET ASSETS 1,438,344 1,283,158
CAPITAL AND RESERVES
Called up share capital 10 2 2
Share premium account 59,999 59,999
Profit and Loss Account 1,378,343 1,223,157
SHAREHOLDERS' FUNDS 1,438,344 1,283,158
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss J Mitchell
Director
24 June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mitchell Drainage and Environmental Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03636184 . The registered office is Unit 5 Barberry Court, Callister Way, Centrum 100, Burton On Trent, DE14 2UE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are computer software costs. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10 years straight line
Motor Vehicles 7 years straight line
Fixtures & Fittings 7 years straight line
Computer Equipment 3 years straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Page 3
Page 4
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 22)
25 22
4. Intangible Assets
Other
£
Cost
As at 1 October 2023 2,000
As at 30 September 2024 2,000
Amortisation
As at 1 October 2023 1,333
Provided during the period 400
As at 30 September 2024 1,733
Net Book Value
As at 30 September 2024 267
As at 1 October 2023 667
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 296,099 762,313 6,567 41,886 1,106,865
Additions - 15,594 - 4,987 20,581
Disposals - (75,040 ) - - (75,040 )
As at 30 September 2024 296,099 702,867 6,567 46,873 1,052,406
Depreciation
As at 1 October 2023 45,229 366,465 3,444 35,802 450,940
Provided during the period 28,848 87,494 889 4,362 121,593
Disposals - (49,169 ) - - (49,169 )
As at 30 September 2024 74,077 404,790 4,333 40,164 523,364
Net Book Value
As at 30 September 2024 222,022 298,077 2,234 6,709 529,042
As at 1 October 2023 250,870 395,848 3,123 6,084 655,925
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 664,417 526,373
Prepayments and accrued income 63,037 40,697
Other debtors 41,313 11,313
768,767 578,383
Due after more than one year
Amounts owed by group undertakings 1,087,415 982,761
1,856,182 1,561,144
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 107,198 130,556
Trade creditors 217,115 189,605
Bank loans and overdrafts 152,500 184,641
Corporation tax 220,924 78,366
Other taxes and social security 15,685 35,667
VAT 100,015 92,697
Other creditors 3,150 2,699
Accruals and deferred income 6,997 6,997
823,584 721,228
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 253,909 361,769
Bank loans 141,458 284,996
395,367 646,765
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 107,198 130,556
Later than one year and not later than five years 253,909 361,769
361,107 492,325
361,107 492,325
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5
Page 6
11. Related Party Transactions
Mitchell Drainage and Environmental Solutions Ltd has a loan receivable of £42,649 (2023 : £45,490) from its parent company, Mid-Counties Investments Limited , which is repayable on demand and interest-free.
Mitchell Drainage and Environmental Solutions Ltd has a loan receivable of £1,044,766 (2023 : £937,271) from its ultimate parent company, Mitchell Drainage Civils and Waste Ltd , which is repayable on demand and interest-free.
12. Ultimate Controlling Party
The company's ultimate controlling party is J Mitchell & N Mitchell by virtue of their 100% ownership of Mitchell Drainage Civils and Waste Limited, the parent company.
Page 6