Registration number: NI692530

Mitchell Boys Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Mitchell Boys Limited

Company Information

Directors

Mr Jordan David Mitchell Mr Lewis Andrew Mitchell

Registered office

11 Ballyrickard Road LARNE Co. Antrim BT40 3DP

Accountants

DT Carson & Co. 51 - 53 Thomas Street Ballymena Co. Antrim BT43 6AZ

Mitchell Boys Limited

(Registration number: NI692530)
Balance Sheet as at 31 March 2025

	Note	2025 £	2023 £
Fixed assets
Tangible assets	4	128,171	124,245
Current assets
Debtors	5	51,643	54,831
Cash at bank and in hand		28,904	23,809
		80,547	78,640
Creditors: Amounts falling due within one year	6	(151,159)	(168,204)
Net current liabilities		(70,612)	(89,564)
Total assets less current liabilities		57,559	34,681
Provisions for liabilities		(32,042)	(24,471)
Net assets		25,517	10,210
Capital and reserves
Called up share capital	7	2	2
Retained earnings		25,515	10,208
Shareholders' funds		25,517	10,210

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 October 2025 and signed on its behalf by:
 

......................................... Mr Lewis Andrew Mitchell Director

Mitchell Boys Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
11 Ballyrickard Road
LARNE
Co. Antrim
BT40 3DP

These financial statements were authorised for issue by the Board on 6 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency of these financial statements is sterling and all amounts have been rounded to the
nearest £1.

Disclosure of long or short period

The financial statements cover the 16-month period from 1 December 2023 to 31 March 2025. This extended accounting period has been adopted by the directors’ to align the year-end with business requirements / reporting convenience.

As a result, the figures for this period are not directly comparable with those of prior periods.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amount of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Mitchell Boys Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 March 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The company assesses at each reporting date whether tangible fixedassets are impaired.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Mitchell Boys Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

Mitchell Boys Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 March 2025

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 December 2023	155,306	155,306
Additions	61,463	61,463
Disposals	(20,645)	(20,645)
At 31 March 2025	196,124	196,124
Depreciation
At 1 December 2023	31,061	31,061
Charge for the period	41,020	41,020
Eliminated on disposal	(4,128)	(4,128)
At 31 March 2025	67,953	67,953
Carrying amount
At 31 March 2025	128,171	128,171
At 30 November 2023	124,245	124,245

5

Debtors

Current	2025 £	2023 £
Trade debtors	39,596	37,008
Prepayments	12,047	11,375
Other debtors	-	6,448
	51,643	54,831

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2023 £
Due within one year
Taxation and social security	43,860	11,723
Accruals and deferred income	3,600	3,000
Other creditors	103,699	153,481
	151,159	168,204

Mitchell Boys Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2023 to 31 March 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2023
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

8	Related party transactions

Expenditure with and payables to related parties

2025	Key management £
Amounts payable to related party	98,696

2023	Key management £
Amounts payable to related party	153,481

9	Parent and ultimate parent undertaking

The ultimate controlling party is Jordan & Lewis Mitchell..