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MITCHELL'S GROUNDSCARE MACHINERY SERVICES LTD

Registered Number
07808789
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

MITCHELL'S GROUNDSCARE MACHINERY SERVICES LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

Darren John Mitchell
Samantha Mitchell

Company Secretary

Samantha Mitchell

Registered Address

4 Lansdowne Gardens
Hailsham
BN27 1LQ

Place of Business

Unit 3, North Crescent

Diplocks Industrial Estate

Hailsham

East Sussex

BN27 3JF


Registered Number

07808789 (England and Wales)
MITCHELL'S GROUNDSCARE MACHINERY SERVICES LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets5302,798266,449
302,798266,449
Current assets
Stocks619,0005,000
Debtors199,722143,520
Cash at bank and on hand92,573123,685
311,295272,205
Creditors amounts falling due within one year7(357,231)(312,620)
Net current assets (liabilities)(45,936)(40,415)
Total assets less current liabilities256,862226,034
Creditors amounts falling due after one year8(48,630)(61,026)
Provisions for liabilities10(46,609)(22,730)
Net assets161,623142,278
Capital and reserves
Called up share capital100100
Profit and loss account161,523142,178
Shareholders' funds161,623142,278
The financial statements were approved and authorised for issue by the Board of Directors on 21 July 2025, and are signed on its behalf by:
Darren John Mitchell
Director
Registered Company No. 07808789
MITCHELL'S GROUNDSCARE MACHINERY SERVICES LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in Sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. This is equivalent to invoice date as all services are short term in nature.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
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
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Freehold land is not depreciated. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Land and buildings25
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost.
Share capital
Ordinary shares are classified as equity. .
2.Average number of employees
Staff numbers include directors.

20242023
Average number of employees during the year76
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly.
4.Intangible assets

Other

Total

££
Cost or valuation
At 01 November 2310,00010,000
At 31 October 2410,00010,000
Amortisation and impairment
At 01 November 2310,00010,000
At 31 October 2410,00010,000
Net book value
At 31 October 24--
At 31 October 23--
5.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 November 2350,150159,607255,74017,167482,664
Additions9,40392,51021,8332,874126,620
Disposals-(36,796)--(36,796)
At 31 October 2459,553215,321277,57320,041572,488
Depreciation and impairment
At 01 November 234,02392,957112,9286,307216,215
Charge for year6,0578,13136,2942,99353,475
At 31 October 2410,080101,088149,2229,300269,690
Net book value
At 31 October 2449,473114,233128,35110,741302,798
At 31 October 2346,12766,650142,81210,860266,449
6.Stocks

2024

2023

££
Work in progress19,0005,000
Total19,0005,000
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables182,052172,061
Bank borrowings and overdrafts64,20216,525
Taxation and social security49,18275,103
Finance lease and HP contracts6,4006,400
Other creditors54,35542,531
Accrued liabilities and deferred income1,040-
Total357,231312,620
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts19,43035,426
Other creditors29,20025,600
Total48,63061,026
9.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts35,60032,000
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)46,60922,730
Total46,60922,730
11.Pension commitments
The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £336 (2023 - £411) were due to the fund. They are included in creditors.