MISTVALE LIMITED


Director	GULSIN, Surrinder Singh


Registered Address	Pescot Cottage
	Main Road
	Longfield
	DA3 7AE


Registered Number	02082663 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	4		110,312		130,996
Tangible assets	5		2,122,925		1,950,396
			2,233,237		2,081,392
Current assets
Stocks		239,340		262,539
Debtors	6	792,074		724,146
Cash at bank and on hand		95,250		162,524
		1,126,664		1,149,209
Creditors amounts falling due within one year	7	(1,129,547)		(1,097,832)
Net current assets (liabilities)			(2,883)		51,377
Total assets less current liabilities			2,230,354		2,132,769
Creditors amounts falling due after one year	8		(219,093)		(329,002)
Provisions for liabilities			(50,000)		-
Net assets			1,961,261		1,803,767
Capital and reserves
Called up share capital			1,700		1,700
Profit and loss account			1,959,561		1,802,067
Shareholders' funds			1,961,261		1,803,767

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 29 May 2026, and are signed on its behalf by:

GULSIN, Surrinder Singh
Director
Registered Company No. 02082663

MISTVALE LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. The fair value of intangible assets acquired by the business in the year ended 31st of July 2021, is being amortized over its expected useful life of ten years.

Intangible assets

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

The fair value of intangible assets acquired by the business in the year ended 31st of July 2021, is being amortized over its expected useful life of ten years.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Property, plant and equipment used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Property, plant and equipment used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	25	-

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	38		38

3.	Prior period adjustment
	During the year the company identified that certain historic balances included within trade debtors were incorrectly carried forward from previous periods. The trade debtors balance brought forward at 1 August 2023 has therefore been reduced by £134,631. Opening retained earnings at that date have been reduced by the same amount and the comparative figures have been restated accordingly. The company also identified errors in the classification of certain non-current assets. The reclassification of amounts between tangible fixed assets, intangible assets and other debtors has been reflected in the balance sheet and has no effect on profit and loss reserves. Associated adjustments have been made to correct depreciation and amortisation charges in respect of prior periods. These adjustments have increased profit and loss reserves as at 31 July 2024 by £147,315. A related corporation tax credit of £5,671 has also been recognised. The aggregate effect after tax of the prior year adjustments is to increase profit and loss reserves as at 31 July 2024 by £18,355.

Prior period adjustment

During the year the company identified that certain historic balances included within trade debtors were incorrectly carried forward from previous periods. The trade debtors balance brought forward at 1 August 2023 has therefore been reduced by £134,631. Opening retained earnings at that date have been reduced by the same amount and the comparative figures have been restated accordingly.

The company also identified errors in the classification of certain non-current assets. The reclassification of amounts between tangible fixed assets, intangible assets and other debtors has been reflected in the balance sheet and has no effect on profit and loss reserves.

Associated adjustments have been made to correct depreciation and amortisation charges in respect of prior periods. These adjustments have increased profit and loss reserves as at 31 July 2024 by £147,315. A related corporation tax credit of £5,671 has also been recognised.

The aggregate effect after tax of the prior year adjustments is to increase profit and loss reserves as at 31 July 2024 by £18,355.

4.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 August 24	206,835
	At 31 July 25	206,835
	Amortisation and impairment
	At 01 August 24	75,840
	Charge for year	20,683
	At 31 July 25	96,523
	Net book value
	At 31 July 25	110,312
	At 31 July 24	130,996

5.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 August 24	2,649,151
	Revaluations	200,000
	At 31 July 25	2,847,042
	Depreciation and impairment
	At 01 August 24	698,755
	Charge for year	27,471
	At 31 July 25	724,117
	Net book value
	At 31 July 25	2,122,925
	At 31 July 24	1,950,396


	Included in Tangible fixed assets is investment property at a value of £1,994,825 as valued by the director.

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	13,681	4,372
Other debtors	200,643	149,221
Prepayments and accrued income	577,750	570,553
Total	792,074	724,146

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	600,825	556,509
Bank borrowings and overdrafts	52,871	4,138
Taxation and social security	18,422	18,433
Other creditors	436,178	497,502
Accrued liabilities and deferred income	21,251	21,250
Total	1,129,547	1,097,832

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	95,833
Other creditors	219,093	233,169
Total	219,093	329,002

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	19,093		33,169