Mitchell & Hudson Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01426632 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Mitchell & Hudson Limited

Page

Chartered accountants' report

1

Statement of financial position

2

to

3

Notes to the financial statements

4

to

7

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 Statement of financial position. 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mitchell & Hudson Limited for the year ended 31 August 2025 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mitchell & Hudson Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mitchell & Hudson Limited and state those matters that we have agreed to state to the director of Mitchell & Hudson Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mitchell & Hudson Limited and its director for our work or for this report.

It is your duty to ensure that Mitchell & Hudson Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mitchell & Hudson Limited. You consider that Mitchell & Hudson Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mitchell & Hudson Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

22 St George's Street

Stamford

Lincolnshire

PE9 2BU

26 May 2026

Fixed assets

Tangible assets

5

21,861

26,655

Current assets

Stocks

6

92,761

208,750

Debtors

7

108,751

141,315

Cash at bank

279,743

270,166

481,255

620,231

Creditors

Amounts falling due within one year

8

247,723

195,258

Net current assets

233,532

424,973

Total assets less current liabilities

255,393

451,628

Creditors

Amounts falling due after more than one
year

9

-

(1,113

)

Provisions for liabilities

(5,465

)

(6,664

)

Net assets

249,928

443,851

Capital and reserves

Called up share capital

11

42,999

Capital redemption reserve

43,001

Retained earnings

163,928

357,851

Shareholders' funds

249,928

443,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 26 May 2026 and were signed by:

D J Wyche - Director

1.	Statutory information

Mitchell & Hudson Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01426632

Registered office:

Units 1-3 Priory Industry

Cherryholt Lane

Stamford

Lincolnshire

PE9 2EP

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer & office equipmt

-

25% on reducing balance

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible asset includes directly attributable incremental costs incurred in their acquisition and installation.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Share Capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4.	Employees and directors

The average number of employees during the year was 13 (2024 - 12 ) .

5.	Tangible fixed assets

Computer

Plant and

Motor

& office

machinery

vehicles

equipmt

Totals

£

Cost

At 1 September 2024

and 31 August 2025

86,878

95,515

4,945

187,338

Depreciation

At 1 September 2024

68,171

88,868

3,644

160,683

Charge for year

2,806

1,663

325

4,794

At 31 August 2025

70,977

90,531

3,969

165,477

Net book value

At 31 August 2025

15,901

4,984

976

21,861

At 31 August 2024

18,707

6,647

1,301

26,655

6.

Stocks

2025

2024

£

Stocks

15,500

10,200

Work-in-progress

77,261

198,550

92,761

208,750

7.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

107,088

138,802

Prepayments

1,663

2,513

108,751

141,315

8.

Creditors: amounts falling due within one year

2025

2024

£

Payments on account

9,150

-

Trade creditors

88,461

106,139

Corporation tax

36,485

36,308

Social security and other taxes

8,198

7,450

VAT

48,297

25,782

Other creditors

393

-

Pension creditor

1,657

1,453

Directors' loan accounts

-

4,293

Accrued expenses

55,082

13,833

247,723

195,258

9.

Creditors: amounts falling due after more than one year

2025

2024

£

Other loans (see note 10)

-

1,113

10.

Loans

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due between one and two years:

Other loans - 1-2 years

-

1,113

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

42,999

Ordinary

£1

42,999

12.	Capital commitments

2025

2024

£

Contracted but not provided for in the

financial statements

-

46,500