REGISTERED NUMBER: SC638806 (Scotland)

Unaudited Financial Statements for the Year Ended 30 October 2024

for

Mitchells Fleet Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

Ms G Mckendrick

REGISTERED OFFICE:

KPP Accountants

Unit 3, Morris Park

37 Rosyth Road

Glasgow

G5 0YE

REGISTERED NUMBER:

SC638806 (Scotland)

ACCOUNTANTS:

Key Professional Partnership Ltd

Unit 3

Morris Park

37 Rosyth Road

Glasgow

G5 0YE

FIXED ASSETS

Tangible assets

4

14,140

18,523

CURRENT ASSETS

Stocks

831,701

738,793

Debtors

5

127,715

113,304

Cash at bank and in hand

(43,497

)

579

915,919

852,676

CREDITORS

Amounts falling due within one year

6

680,771

626,070

NET CURRENT ASSETS

235,148

226,606

TOTAL ASSETS LESS CURRENT LIABILITIES

249,288

245,129

CREDITORS

Amounts falling due after more than one year

7

(200,869

)

(210,852

)

PROVISIONS FOR LIABILITIES

(2,686

)

(3,520

)

NET ASSETS

45,733

30,757

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

45,732

30,756

45,733

30,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 December 2025 and were signed by:

Ms G Mckendrick - Director

1.	STATUTORY INFORMATION

Mitchells Fleet Management Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 October 2023

and 30 October 2024

33,871

DEPRECIATION

At 31 October 2023

15,348

Charge for year

4,383

At 30 October 2024

19,731

NET BOOK VALUE

At 30 October 2024

14,140

At 30 October 2023

18,523

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.10.24

30.10.23

£

£

Trade debtors

75,532

76,052

Other debtors

52,183

37,252

127,715

113,304

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.10.24

30.10.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

216,193

108,664

Taxation and social security

44,182

74,890

Other creditors

410,396

432,516

680,771

626,070

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.10.24

30.10.23

£

£

Bank loans

200,869

210,852

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

195,000

195,000

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 October 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Key Professional Partnership Ltd

Unit 3

Morris Park

37 Rosyth Road

Glasgow

G5 0YE

Date: .............................................