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REGISTERED NUMBER: 00654311 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Tom Mitchell (Cornwall) Limited

Tom Mitchell (Cornwall) Limited (Registered number: 00654311)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


Tom Mitchell (Cornwall) Limited (Registered number: 00654311)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 4 825,707 835,600

Current assets
Stocks 3,875 11,800
Debtors 5 428,564 401,025
Cash at bank and in hand 2,349,297 2,074,957
2,781,736 2,487,782
Creditors
Amounts falling due within one year 6 622,501 535,516
Net current assets 2,159,235 1,952,266
Total assets less current liabilities 2,984,942 2,787,866

Provisions for liabilities 7 38,300 36,900
Net assets 2,946,642 2,750,966

Capital and reserves
Called up share capital 8 476 476
Retained earnings 2,946,166 2,750,490
Shareholders' funds 2,946,642 2,750,966

Tom Mitchell (Cornwall) Limited (Registered number: 00654311)

BALANCE SHEET - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by:





Mr W T Mitchell - Director


Tom Mitchell (Cornwall) Limited (Registered number: 00654311)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Tom Mitchell (Cornwall) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00654311

Registered office: Old Park
Liskeard
Cornwall
PL14 6RB

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods which is recognised upon delivery to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on buildings and 0% on land
Long leasehold - Straight line over 50 years
Vehicles and machinery - 20% on reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Tom Mitchell (Cornwall) Limited (Registered number: 00654311)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

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 determined using the effective interest method.

Provisions
Provisions (i.e. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

Tom Mitchell (Cornwall) Limited (Registered number: 00654311)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Vehicles
Freehold Long and
property leasehold machinery Totals
£    £    £    £   
Cost
At 1 April 2024 579,377 283,250 411,144 1,273,771
Additions - - 59,000 59,000
Disposals - - (40,850 ) (40,850 )
At 31 March 2025 579,377 283,250 429,294 1,291,921
Depreciation
At 1 April 2024 85,635 89,275 263,261 438,171
Charge for year 9,606 5,665 36,399 51,670
Eliminated on disposal - - (23,627 ) (23,627 )
At 31 March 2025 95,241 94,940 276,033 466,214
Net book value
At 31 March 2025 484,136 188,310 153,261 825,707
At 31 March 2024 493,742 193,975 147,883 835,600

Included in cost of land and buildings is freehold land of £ 99,100 (2024 - £ 99,100 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 394,987 369,921
Other debtors 33,577 31,104
428,564 401,025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 286,503 230,355
Taxation and social security 92,639 83,197
Other creditors 243,359 221,964
622,501 535,516

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 38,300 36,900

Tom Mitchell (Cornwall) Limited (Registered number: 00654311)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 36,900
Provided during year 1,400
Balance at 31 March 2025 38,300

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
476 Ordinary shares £1 476 476

9. RELATED PARTY DISCLOSURES

At the balance sheet date the following amounts were owed to related parties : -

£
W T Mitchell (director and shareholder) 74,179
A Mitchell (director and shareholder) 93,790
G Mitchell (director and shareholder) 61,397

These amounts were unsecured, interest free and carried no fixed term of repayment.