| Mitchell and Peach Limited |
| Registered Number:07289393 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Mitchell and Peach Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Mitchell and Peach Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
6,415
4,661
2
6,415
4,661
228,803
251,266
3
| Trade and other receivables |
127,418
94,915
4
67
| Cash and cash equivalents |
-
346,181
356,288
| Trade and other payables: amounts falling due within one |
| year |
(310,895)
(316,409)
5
45,393
29,772
Net current assets
| Total assets less current liabilities |
36,187
50,054
| Trade and other payables: amounts falling due after more |
| than one year |
(45,542)
(20,535)
6
(1,218)
(832)
| Provisions for liabilities |
14,434
Net assets
3,680
2
2
14,432
3,678
14,434
3,680
Shareholders' funds
| For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 December 2024
Mitchell and Peach Limited
Statement of Financial Position Continued
| Mr Jonathan Mitchell Director |
| These financial statements were approved and authorised for issue by the Board on 22 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Mitchell and Peach Limited
Notes to the Financial Statements
Statutory Information
| Mitchell and Peach Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 07289393. |
Ground F2, East Court
Enterprise Road
Maidstone
Kent
ME15 6JF
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes, for the sale of luxury toiletries. Turnover is recognised in the period when signficant risks and rewards of ownership has transferred to the buyer. |
Property, plant and equipment
| Property, plant and equipment, 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: |
Computer Equipment
Furniture and Fittings
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 December 2024
Mitchell and Peach Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
9,316
2,105
7,211
2,827
1,587
1,240
8,451
3,692
12,143
| Provision for depreciation and impairment |
4,655
681
3,974
Charge for year
1,073
519
554
5,728
1,200
4,528
3,923
2,492
6,415
3,237
1,424
4,661
2023
2024
251,266
228,803
| 4. Trade and other receivables |
2023
2024
45,834
20,809
49,081
106,609
127,418
94,915
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
103,688
68,427
81,642
68,141
| Taxation and social security |
6,137
66,075
124,942
108,252
316,409
310,895
The bank overdraft is secured on the company's assets and book debts.
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For the year ended 31 December 2024
Mitchell and Peach Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
20,535
27,715
-
17,827
20,535
45,542
| 7. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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