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Company Registration No. 06549159 (England and Wales)
Mitchell & Partners (farnborough) Ltd Unaudited accounts for the year ended 31 March 2024
Mitchell & Partners (farnborough) Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Mitchell & Partners (farnborough) Ltd Company Information for the year ended 31 March 2024
Directors
Steven Lee O'Connor Lisa O Connor
Company Number
06549159 (England and Wales)
Registered Office
7 Collins Close Chandler's Ford Eastleigh SO53 4HS England
Accountants
365 Accounts Ltd 44 Brookwood Road Southampton Hampshire SO16 9AJ
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Mitchell & Partners (farnborough) Ltd Statement of financial position as at 31 March 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
5
7,528
10,116
Current assets
Debtors
6
8,146
12,566
Cash at bank and in hand
8,696
9,517
16,842
22,083
Creditors: amounts falling due within one year
7
(142,985)
(70,748)
Net current liabilities
(126,143)
(48,665)
Net liabilities
(118,615)
(38,549)
Capital and reserves
Called up share capital
10
10
Profit and loss account
(118,625)
(38,559)
Shareholders' funds
(118,615)
(38,549)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2026 and were signed on its behalf by
Steven Lee O'Connor Director Company Registration No. 06549159
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Mitchell & Partners (farnborough) Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Mitchell & Partners (farnborough) Ltd is a private company, limited by shares, registered in England and Wales, registration number 06549159. The registered office is 7 Collins Close, Chandler's Ford, Eastleigh, SO53 4HS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Method
Computer equipment
25% Reducing Balance Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023
325,000
Disposals
(325,000)
At 31 March 2024
-
Amortisation
At 1 April 2023
325,000
On disposals
(325,000)
At 31 March 2024
-
Net book value
At 31 March 2024
-
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Mitchell & Partners (farnborough) Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2023
12,725
21,811
34,536
Disposals
(12,725)
-
(12,725)
At 31 March 2024
-
21,811
21,811
Depreciation
At 1 April 2023
12,646
11,774
24,420
Charge for the year
79
2,509
2,588
On disposals
(12,725)
-
(12,725)
At 31 March 2024
-
14,283
14,283
Net book value
At 31 March 2024
-
7,528
7,528
At 31 March 2023
79
10,037
10,116
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
-
4,420
Other debtors
8,146
24,316
8,146
28,736
Amounts falling due after more than one year
Other debtors
-
(16,170)
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
67,140
75,068
VAT
22,289
18,587
Trade creditors
-
3,449
Taxes and social security
2,359
4,065
Other creditors
-
45,581
Loans from directors
49,229
(76,002)
Accruals
1,968
-
142,985
70,748
8
Average number of employees
During the year the average number of employees was 2 (2023: 0).
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