MITS Group Holdings Limited 31/03/2026 iXBRL

Company registration number: 12342017

MITS Group Holdings Limited

Unaudited filleted financial statements

31 March 2026

MITS Group Holdings Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

MITS Group Holdings Limited

Directors and other information


Directors	Mr J Morgan
	Mr C Hall	(Appointed 1 April 2026)


Company number	12342017


Registered office	Laing Close
	Bolckow Industrial Estate
	Middlesbrough
	TS6 7EH


Accountants	Censis
	Exchange Building
	66 Church Street
	Hartlepool
	TS24 7DN

MITS Group Holdings Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of MITS Group Holdings Limited

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MITS Group Holdings Limited for the year ended 31 March 2026 which comprise the statement of financial position and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

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

It is your duty to ensure that MITS Group Holdings 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 MITS Group Holdings Limited. You consider that MITS Group Holdings 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 MITS Group Holdings 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.

Censis

Chartered Accountants

Exchange Building

66 Church Street

Hartlepool

TS24 7DN

6 August 2026

MITS Group Holdings Limited

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	356,461		325,677
Investments	6	500		500
		_______		_______
			356,961		326,177

Current assets
Debtors	7	95,171		129,378
Cash at bank and in hand		4,507		6,796
		_______		_______
		99,678		136,174
Creditors: amounts falling due
within one year	8	( 242,127)		( 217,533)
		_______		_______
Net current liabilities			( 142,449)		( 81,359)
			_______		_______
Total assets less current liabilities			214,512		244,818

Creditors: amounts falling due
after more than one year	9		( 148,101)		( 119,354)

Provisions for liabilities	10		( 31,104)		( 49,645)

			_______		_______
Net assets			35,307		75,819
			_______		_______

Capital and reserves
Called up share capital			102		102
Profit and loss account			35,205		75,717
			_______		_______
Shareholders funds			35,307		75,819
			_______		_______

For the year ending 31 March 2026 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 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 financial statements.

These 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 statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 06 August 2026 , and are signed on behalf of the board by:

Mr J Morgan

Director

Company registration number: 12342017

MITS Group Holdings Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Laing Close, Bolckow Industrial Estate, Middlesbrough, TS6 7EH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Long leasehold property	-	Not depreciated
Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

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

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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 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 in finance costs in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 3 ).

5. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2025	127,096	151,280	18,684	80,659	377,719
Additions	-	-	-	104,491	104,491
Disposals	-	-	-	( 13,950)	( 13,950)
	_______	_______	_______	_______	_______
At 31 March 2026	127,096	151,280	18,684	171,200	468,260
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2025	-	31,286	7,067	13,689	52,042
Charge for the year	-	29,998	2,905	30,499	63,402
Disposals	-	-	-	( 3,645)	( 3,645)
	_______	_______	_______	_______	_______
At 31 March 2026	-	61,284	9,972	40,543	111,799
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2026	127,096	89,996	8,712	130,657	356,461
	_______	_______	_______	_______	_______
At 31 March 2025	127,096	119,994	11,617	66,970	325,677
	_______	_______	_______	_______	_______

6. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 April 2025 and 31 March 2026	500	500
	_______	_______
Impairment
At 1 April 2025 and 31 March 2026	-	-
	_______	_______
Carrying amount
At 31 March 2026	500	500
	_______	_______
At 31 March 2025	500	500
	_______	_______

7. Debtors

	2026	2025
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	30,548	32,473
Other debtors	64,623	96,905
	_______	_______
	95,171	129,378
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	3,278	17,530
Amounts owed to group undertakings and undertakings in which the company has a participating interest	75,719	1,587
Corporation tax	-	25,789
Social security and other taxes	5,804	5,762
Other creditors	157,326	166,865
	_______	_______
	242,127	217,533
	_______	_______

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	148,101	119,354
	_______	_______

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1 April 2025	49,645	49,645
Additions	( 18,541)	( 18,541)
	_______	_______
At 31 March 2026	31,104	31,104
	_______	_______

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions (note 10)	31,104	49,645
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	57,341	49,645
Unused tax losses	( 26,237)	-
	_______	_______
	31,104	49,645
	_______	_______

12. Controlling party

Throughout the year the company was under the control of Mr. J Morgan and Mrs A. Morgan.