2023-10-26 2024-10-31 false Capium Accounts Production 1.1 15238665 2023-10-26 2024-10-31 15238665 bus:FullAccounts 2023-10-26 2024-10-31 15238665 bus:FRS102 2023-10-26 2024-10-31 15238665 bus:AuditExemptWithAccountantsReport 2023-10-26 2024-10-31 15238665 bus:SmallCompaniesRegimeForAccounts 2023-10-26 2024-10-31 15238665 bus:PrivateLimitedCompanyLtd 2023-10-26 2024-10-31 15238665 2023-10-26 2024-10-31 15238665 2024-10-31 15238665 bus:RegisteredOffice 2023-10-26 2024-10-31 15238665 core:WithinOneYear 2024-10-31 15238665 core:AfterOneYear 2024-10-31 15238665 1 2023-10-26 2024-10-31 15238665 bus:Director1 2023-10-26 2024-10-31 15238665 bus:Director1 2024-10-31 15238665 2022-10-26 15238665 bus:LeadAgentIfApplicable 2023-10-26 2024-10-31 15238665 2023-10-25 15238665 bus:OrdinaryShareClass1 2023-10-26 2024-10-31 15238665 bus:OrdinaryShareClass1 2024-10-31 15238665 core:FurnitureFittings 2023-10-26 2024-10-31 15238665 core:FurnitureFittings 2024-10-31 15238665 core:FurnitureFittings 2023-10-25 15238665 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-10-31 15238665 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-10-25 15238665 core:NetGoodwill 2023-10-26 2024-10-31 15238665 core:NetGoodwill 2024-10-31 15238665 core:NetGoodwill 2023-10-25 15238665 core:CostValuation core:Non-currentFinancialInstruments 2024-10-31 15238665 core:CostValuation core:Non-currentFinancialInstruments 2023-10-25 15238665 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-10-31 15238665 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-10-31 15238665 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-10-31 15238665 core:Non-currentFinancialInstruments 2024-10-31 15238665 core:Non-currentFinancialInstruments 2023-10-25 15238665 core:ShareCapital 2024-10-31 15238665 core:RetainedEarningsAccumulatedLosses 2024-10-31 15238665 dpl:Item1 2023-10-26 15238665 dpl:Item1 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 15238665


 

 

 

MITS&CO LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 26 October 2023

End date: 31 October 2024
 
 
Notes
 
2024
£
Fixed assets    
Intangible fixed assets 3 7,200 
Tangible fixed assets 4 10,504 
17,704 
Current assets    
Stocks 5 125 
Cash at bank and in hand 3,882 
4,007 
Creditors: amount falling due within one year 6 (18,074)
Net current assets (14,067)
 
Total assets less current liabilities 3,637 
Creditors: amount falling due after more than one year 7 (12,810)
Net assets (9,173)
 

Capital and reserves
   
Called up share capital 8 1 
Profit and loss account (9,174)
Shareholders' funds (9,173)
 


For the period ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 22 July 2025 and were signed by:


-------------------------------
MITU AHMED
Director
1
General Information
MITS&CO LTD is a private company, limited by shares, registered in , registration number 15238665, registration address 11 THE QUARTERDECK, WESTFERRY ROAD LONDON, LONDON, LONDON, E14 8SH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of  five (5) years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 18 Reducing Balance
2.

Average number of employees

Average number of employees during the period was 2.
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 26 October 2023  
Additions 9,000    9,000 
Disposals  
At 31 October 2024 9,000    9,000 
Amortisation
At 26 October 2023  
Charge for period 1,800    1,800 
On disposals  
At 31 October 2024 1,800    1,800 
Net book values
At 31 October 2024 7,200    7,200 
At 25 October 2023  


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 26 October 2023  
Additions 12,810    12,810 
Disposals  
At 31 October 2024 12,810    12,810 
Depreciation
At 26 October 2023  
Charge for period 2,306    2,306 
On disposals  
At 31 October 2024 2,306    2,306 
Net book values
Closing balance as at 31 October 2024 10,504    10,504 
Opening balance as at 26 October 2023  


5.

Stocks

2024
£
Stocks 125 
125 

6.

Creditors: amount falling due within one year

2024
£
PAYE & Social Security 444 
Other Creditors 7,876 
Directors' Current Accounts 9,754 
18,074 

7.

Creditors: amount falling due after more than one year

2024
£
Directors' Loan Accounts 12,810 
12,810 

8.

Share Capital

Authorised
1 Class A share of £1.00 each
Allotted, called up and fully paid
2024
£
1 Class A share of £1.00 each

2