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Company Registration No. SC426427 (Scotland)
Kelly Mitchell Automotive Ltd Unaudited accounts for the year ended 30 June 2024
Kelly Mitchell Automotive Ltd Unaudited accounts Contents
Page
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Kelly Mitchell Automotive Ltd Company Information for the year ended 30 June 2024
Directors
Kevin Mitchell Jonathan Kelly James Kelly
Company Number
SC426427 (Scotland)
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Kelly Mitchell Automotive Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,963 
8,192 
Tangible assets
48,030 
30,888 
54,993 
39,080 
Current assets
Debtors
8,101 
4,026 
Cash at bank and in hand
1,811 
8,218 
9,912 
12,244 
Creditors: amounts falling due within one year
(43,186)
(23,045)
Net current liabilities
(33,274)
(10,801)
Total assets less current liabilities
21,719 
28,279 
Creditors: amounts falling due after more than one year
(21,672)
(26,771)
Net assets
47 
1,508 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
46 
1,507 
Shareholders' funds
47 
1,508 
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by
Jonathan Kelly Director Company Registration No. SC426427
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Kelly Mitchell Automotive Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Kelly Mitchell Automotive Ltd is a private company, limited by shares, registered in Scotland, registration number SC426427.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2023
20,000 
At 30 June 2024
20,000 
Amortisation
At 1 July 2023
11,808 
Charge for the year
1,229 
At 30 June 2024
13,037 
Net book value
At 30 June 2024
6,963 
At 30 June 2023
8,192 
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Kelly Mitchell Automotive Ltd Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
- 
5,222 
2,117 
38,463 
45,802 
Additions
21,775 
- 
- 
- 
21,775 
At 30 June 2024
21,775 
5,222 
2,117 
38,463 
67,577 
Depreciation
At 1 July 2023
- 
3,404 
1,334 
10,176 
14,914 
Charge for the year
- 
273 
117 
4,243 
4,633 
At 30 June 2024
- 
3,677 
1,451 
14,419 
19,547 
Net book value
At 30 June 2024
21,775 
1,545 
666 
24,044 
48,030 
At 30 June 2023
- 
1,818 
783 
28,287 
30,888 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,101 
4,026 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,385 
1,256 
Trade creditors
484 
13,376 
Taxes and social security
7,637 
- 
Accrued preference dividends
23,667 
- 
Accruals
9,013 
8,413 
43,186 
23,045 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,672 
26,771 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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