Company No: 04185536 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	151,279		137,588
		151,279		137,588
Current assets
Stocks		99,437		214,161
Debtors	4	908,678		888,716
Cash at bank and in hand		23,596		81,497
		1,031,711		1,184,374
Creditors: amounts falling due within one year	5	( 478,731)		( 673,376)
Net current assets		552,980		510,998
Total assets less current liabilities		704,259		648,586
Creditors: amounts falling due after more than one year	6	( 70,533)		( 66,173)
Provision for liabilities		( 16,216)		( 21,630)
Net assets		617,510		560,783
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		617,410		560,683
Total shareholder's funds		617,510		560,783

For the financial year 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Mitchell & Co (Electrical) Limited (registered number: 04185536) were approved and authorised for issue by the Board of Directors on 30 October 2025. They were signed on its behalf by:

A J Townsend Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mitchell & Co (Electrical) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 5b South Park Way, Wakefield 41 Business Park, Wakefield, WF2 0XJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when the conditions contained within a contract for services have been met.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Office equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	22		22

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	1,750		156,561		19,999		44,570		222,880
Additions	0		40,673		0		0		40,673
Disposals	0		0		( 19,999)		0		( 19,999)
At 31 March 2025	1,750		197,234		0		44,570		243,554
Accumulated depreciation
At 01 April 2024	248		43,813		13,671		27,560		85,292
Charge for the financial year	175		17,928		1,318		2,551		21,972
Disposals	0		0		( 14,989)		0		( 14,989)
At 31 March 2025	423		61,741		0		30,111		92,275
Net book value
At 31 March 2025	1,327		135,493		0		14,459		151,279
At 31 March 2024	1,502		112,748		6,328		17,010		137,588
Leased assets included above:
Net book value
At 31 March 2025	0		78,718		0		0		78,718
At 31 March 2024	0		92,610		6,328		0		98,938

4. Debtors

	2025		2024
	£		£
Trade debtors	205,646		179,319
Amounts owed by Group undertakings	675,292		674,068
Prepayments and accrued income	27,740		35,329
	908,678		888,716

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	76,001		15,298
Trade creditors	222,379		432,678
Accruals	4,047		4,005
Corporation tax	52,495		57,622
Other taxation and social security	92,747		129,985
Obligations under finance leases and hire purchase contracts	24,302		23,783
Other creditors	6,760		10,005
	478,731		673,376

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

	2025		2024
	£		£
Bank loans (secured)	23,606		29,161
Obligations under finance leases and hire purchase contracts (secured)	46,927		37,012
	70,533		66,173

The bank loans are secured by way of a fixed and floating charge over the assets of the company.

The hire purchase debts are secured against the assets to which they relate.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	21,501		17,609
between one and five years	45,489		66,989
after five years	0		3,892
Total future minimum lease payments under non-cancellable operating leases	66,990		88,490

Other financial commitments

The total amount of financial commitments not included in the balance sheet is £17,609 (2024 - £35,217).

9. Related party transactions

Transactions with the entity's directors

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group nor transactions with directors conducted at a market rate.