SMH Mitchells Limited (formerly MCABA Limited) Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04736838

SMH Mitchells Limited (formerly MCABA Limited)

Filleted Unaudited Abridged Financial Statements

30 April 2025

SMH Mitchells Limited (formerly MCABA Limited)

Abridged Financial Statements

Year Ended 30 April 2025

Contents	Pages

Abridged statement of financial position	1 to 2

Notes to the abridged financial statements	3 to 7

SMH Mitchells Limited (formerly MCABA Limited)

Abridged Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	6	41,153	14,603
Investments	7	200	200
		--------	--------
		41,353	14,803

Current Assets

Stocks	400	400
Debtors	1,269,018	1,027,978
Cash at bank and in hand	390,976	395,423
	------------	------------
	1,660,394	1,423,801

Creditors: amounts falling due within one year	761,897		838,076
	------------		------------
Net Current Assets		898,497	585,725
		---------	---------
Total Assets Less Current Liabilities		939,850	600,528

Provisions

Taxation including deferred tax	9,835	3,098
	---------	---------
Net Assets	930,015	597,430
	---------	---------

Capital and Reserves

Called up share capital	8	8,000	8,000
Profit and loss account		922,015	589,430
		---------	---------
Shareholders Funds		930,015	597,430
		---------	---------

These abridged 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 abridged statement of income and retained earnings has not been delivered.

For the year ending 30 April 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 abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

SMH Mitchells Limited (formerly MCABA Limited)

Abridged Statement of Financial Position (continued)

30 April 2025

These abridged financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:

L Pain	T Hornsby
Director	Director

A McDaid	T G Leeman
Director	Director

Company registration number: 04736838

SMH Mitchells Limited (formerly MCABA Limited)

Notes to the Abridged Financial Statements

Year Ended 30 April 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 91-97 Saltergate, Chesterfield, Derbyshire, S40 1LA.

2. Statement of compliance

These abridged 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 abridged financial statements have been prepared on the historical cost basis. The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding Value Added Tax. Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right of consideration by reference to the value of work performed. Provision is made for any losses as soon as they are foreseen. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in in in creditors.

Income tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	straight line over 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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 Improvements	-	10% straight line
Computer Equipment	-	33% straight line
Fixtures and Equipment	-	20 % reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative costs.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 46 (2024: 45 ).

5. Intangible assets

	£
Cost
At 1 May 2024 and 30 April 2025	885,880
	---------
Amortisation
At 1 May 2024 and 30 April 2025	885,880
	---------
Carrying amount
At 30 April 2025	–
	---------
At 30 April 2024	–
	---------

6. Tangible assets

	£
Cost
At 1 May 2024	203,005
Additions	39,789
Disposals	( 48,680)
	---------
At 30 April 2025	194,114
	---------
Depreciation
At 1 May 2024	188,402
Charge for the year	13,239
Disposals	( 48,680)
	---------
At 30 April 2025	152,961
	---------
Carrying amount
At 30 April 2025	41,153
	---------
At 30 April 2024	14,603
	---------

7. Investments

	£
Cost
At 1 May 2024 and 30 April 2025	200
	----
Impairment
At 1 May 2024 and 30 April 2025	–
	----
Carrying amount
At 30 April 2025	200
	----
At 30 April 2024	200
	----

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	3,000	3,000	3,000	3,000
Ordinary B shares of £ 1 each	3,000	3,000	3,000	3,000
Ordinary C shares of £ 1 each	1,000	1,000	1,000	1,000
Ordinary D shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------
	8,000	8,000	8,000	8,000
	-------	-------	-------	-------

9. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	17,187	39,187
Later than 1 year and not later than 5 years	6,949	24,136
	--------	--------
	24,136	63,323
	--------	--------