MITCHELL'S FLEET WASH LTD
Registered number: 14396300
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,155 10,194
Current assets
Cash at bank and in hand 26,818 13,166
Creditors: amounts falling due within one year 4 (9,546) (9,493)
Net current assets 17,272 3,673
Total assets less current liabilities 25,427 13,867
Creditors: amounts falling due after more than one year 5 (12,742) (12,742)
Net assets 12,685 1,125
Capital and reserves
Called up share capital 10 10
Profit and loss account 12,675 1,115
Shareholders' funds 12,685 1,125
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D. Mitchell
Director
Approved by the board on 22 July 2025
MITCHELL'S FLEET WASH LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
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).
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 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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 November 2023 12,742
At 31 October 2024 12,742
Depreciation
At 1 November 2023 2,548
Charge for the year 2,039
At 31 October 2024 4,587
Net book value
At 31 October 2024 8,155
At 31 October 2023 10,194
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 7,493 931
Other creditors 2,053 8,562
9,546 9,493
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 12,742 12,742
6 Other information
MITCHELL'S FLEET WASH LTD is a private company limited by shares and incorporated in England. Its registered office is:
8 Twelfth Avenue
Holly Lodge
Lower Kingswood
Tadworth
KT20 6SG
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