Mish Retail Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08633503

Mish Retail Limited

Filleted Unaudited Financial Statements

28 February 2025

Mish Retail Limited

Financial Statements

Year ended 28 February 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 5

Mish Retail Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		1,623	2,244

Current assets

Stocks		61,894	75,785
Debtors	6	28,458	4,617
Cash at bank and in hand		38,685	35,800
		---------	---------
		129,037	116,202

Creditors: amounts falling due within one year	7	46,916		28,899
		---------		---------
Net current assets			82,121	87,303
			--------	--------
Total assets less current liabilities			83,744	89,547

Creditors: amounts falling due after more than one year	8		15,647	19,716

Provisions

Taxation including deferred tax	308	426
	--------	--------
Net assets	67,789	69,405
	--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	67,689	69,305
	--------	--------
Shareholders funds	67,789	69,405
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mish Retail Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 14 October 2025 , and are signed on behalf of the board by:

Miss M Poynter
Director

Company registration number: 08633503

Mish Retail Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Lamorna Court, 43 Wollaton Road, Beeston, Nottingham, NG9 2NG.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	10% straight line
Fixtures and fittings	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 6 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Total
	£	£	£
Cost
At 1 March 2024 and 28 February 2025	2,166	9,324	11,490
	------	------	--------
Depreciation
At 1 March 2024	2,020	7,226	9,246
Charge for the year	97	524	621
	------	------	--------
At 28 February 2025	2,117	7,750	9,867
	------	------	--------
Carrying amount
At 28 February 2025	49	1,574	1,623
	------	------	--------
At 29 February 2024	146	2,098	2,244
	------	------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	16,433	–
Other debtors	12,025	4,617
	--------	------
	28,458	4,617
	--------	------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	3,946	3,946
Trade creditors	21,647	12,261
Social security and other taxes	11,303	7,939
Other creditors	10,020	4,753
	--------	--------
	46,916	28,899
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	15,647	19,716
	--------	--------