REGISTERED NUMBER: 04185536 (England and Wales)

MITCHELL & CO (ELECTRICAL) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M T Cowell

A J Townsend

REGISTERED OFFICE:

Unit 5b South Park Way

Wakefield 41 Business Park

Wakefield

WF2 0XJ

REGISTERED NUMBER:

04185536 (England and Wales)

ACCOUNTANTS:

UHY BPR Heaton

Chartered Accountants

Glenewes House

Gate Way Drive

Leeds

West Yorkshire

LS19 7XY

FIXED ASSETS

Tangible assets

4

137,559

151,279

CURRENT ASSETS

Stocks

111,282

99,437

Debtors

5

794,477

908,678

Cash at bank and in hand

693,703

23,596

1,599,462

1,031,711

CREDITORS

Amounts falling due within one year

6

(1,014,318

)

(478,731

)

NET CURRENT ASSETS

585,144

552,980

TOTAL ASSETS LESS CURRENT LIABILITIES

722,703

704,259

CREDITORS

Amounts falling due after more than one year

7

(69,111

)

(70,533

)

PROVISIONS FOR LIABILITIES

(14,147

)

(16,216

)

NET ASSETS

639,445

617,510

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

639,345

617,410

639,445

617,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 14 October 2026 and were signed on its behalf by:

A J Townsend - Director

1.	STATUTORY INFORMATION

Mitchell & Co (Electrical) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Income is recognised when the conditions contained within a contract for services have been met.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Short leasehold

-

Straight line over 10 years

Plant and machinery

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of an age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the first in, first out basis Provision is made for obsolete, slow-moving or defective items where appropriate..

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities

Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interaverest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2025 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Computer

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2025

1,750

197,234

44,570

243,554

Additions

-

51,346

1,660

53,006

Disposals

-

(86,197

)

-

(86,197

)

At 31 March 2026

1,750

162,383

46,230

210,363

DEPRECIATION

At 1 April 2025

423

61,741

30,111

92,275

Charge for year

175

21,887

2,189

24,251

Eliminated on disposal

-

(43,722

)

-

(43,722

)

At 31 March 2026

598

39,906

32,300

72,804

NET BOOK VALUE

At 31 March 2026

1,152

122,477

13,930

137,559

At 31 March 2025

1,327

135,493

14,459

151,279

Included in the above are leased with a net book value of £96,418 (2025: £78,718).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

380,143

205,647

Amounts owed by group undertakings

375,868

675,292

Prepayments and accrued income

38,466

27,739

794,477

908,678

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 8)

5,556

76,001

Hire purchase contracts (see note 9)

27,873

24,301

Trade creditors

671,794

222,380

Taxation

138,010

52,495

Social security and other taxes

159,137

92,747

Other creditors

8,614

6,760

Accrued expenses

3,334

4,047

1,014,318

478,731

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 8)

18,050

23,606

Hire purchase contracts (see note 9)

51,061

46,927

69,111

70,533

8.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

70,445

Bank loans

5,556

5,556

5,556

76,001

Amounts falling due between one and two years:

Bank loans - 1-2 years

18,050

23,606

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

27,873

24,301

Between one and five years

51,061

46,927

78,934

71,228

Non-cancellable

operating leases

2026

2025

£

£

Within one year

19,100

17,608

Between one and five years

26,125

41,086

45,225

58,694

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank overdraft

-

70,445

Bank loans

23,606

29,162

Hire purchase contracts

78,934

71,228

102,540

170,835

The bank loans are secured by way of a fixed and floating charge over the assets of the company.

The hire purchased debts are secured against the assets to which they relate.

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.