Mitchell & Mayle Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08656937

Mitchell & Mayle Ltd

Unaudited financial statements

30 April 2026

Mitchell & Mayle Ltd

Statement of financial position

30 April 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	6		451,588		446,186

Current assets

Debtors	7	41,513	35,397
Cash at bank and in hand		174,128	159,854
		---------	---------
		215,641	195,251

Creditors: Amounts falling due within one year	8	( 130,599)		( 111,889)
		---------		---------
Net current assets			85,042		83,362
			---------		---------
Total assets less current liabilities			536,630		529,548

Creditors: Amounts falling due after more than one year	9		( 50,258)		( 73,748)

Provisions

Taxation including deferred tax	( 112,897)	( 111,547)
	---------	---------
Net assets	373,475	344,253
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	373,375	344,153
	---------	---------
Shareholders funds	373,475	344,253
	---------	---------

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 income and retained earnings has not been delivered.

For the year ending 30 April 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 .

Mitchell & Mayle Ltd

Statement of financial position (continued)

30 April 2026

These financial statements were approved by the board of directors and authorised for issue on 6 October 2026 , and are signed on behalf of the board by:

S W Mayle

Director

Company registration number: 08656937

Mitchell & Mayle Ltd

Notes to the financial statements

Year ended 30 April 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 18 Prickwillow Road, Isleham, Ely, Cambridgeshire, CB7 5RG.

2. Statement of compliance

These 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 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.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The directors consider that there are no no estimates or assumptions that have a significant effect on the financial statements.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

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	-	10% straight line

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. 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

Plant and machinery	-	20% reducing balance
Motor vehicles	-	10% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the straight line method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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 expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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 as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 8 (2025: 8 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 May 2025 and 30 April 2026	41,621
	-------
Amortisation
At 1 May 2025 and 30 April 2026	41,621
	-------
Carrying amount
At 30 April 2026	–
	-------
At 30 April 2025	–
	-------

6. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 May 2025	109,334	565,849	675,183
Additions	9,027	142,399	151,426
Disposals	( 80)	( 124,740)	( 124,820)
	---------	---------	---------
At 30 April 2026	118,281	583,508	701,789
	---------	---------	---------
Depreciation
At 1 May 2025	71,447	157,550	228,997
Charge for the year	6,484	48,287	54,771
Disposals	( 71)	( 33,496)	( 33,567)
	---------	---------	---------
At 30 April 2026	77,860	172,341	250,201
	---------	---------	---------
Carrying amount
At 30 April 2026	40,421	411,167	451,588
	---------	---------	---------
At 30 April 2025	37,887	408,299	446,186
	---------	---------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	26,896	22,081
Other debtors	14,617	13,316
	-------	-------
	41,513	35,397
	-------	-------

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Trade creditors	23,199	5,341
Social security and other taxes	23,174	22,214
Other creditors	84,226	84,334
	---------	---------
	130,599	111,889
	---------	---------

The following liabilities disclosed under creditors falling due within one year are secured by the company: Hire purchase agreements - £23,490 (2025 - £21,616).

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

	2026	2025
	£	£
Other creditors	50,258	73,748
	-------	-------

The following liabilities disclosed under creditors falling due after one year are secured by the company: Hire purchase agreements - £50,258 (2025 - £73,748).