Mitchell Access Control Systems Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03455966

		31 March 2026		28 February 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		35,503		56,199

			35,503		56,199
CURRENT ASSETS
Stocks	5	74,000		115,588
Debtors	6	55,566		80,735

		129,566		196,323
Creditors: Amounts Falling Due Within One Year	7	(253,925 )		(225,771 )

NET CURRENT ASSETS (LIABILITIES)			(124,359 )		(29,448 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(88,856 )		26,751

Creditors: Amounts Falling Due After More Than One Year	8		-		(2,338 )

NET (LIABILITIES)/ASSETS			(88,856 )		24,413

CAPITAL AND RESERVES
Called up share capital	9		11		11
Profit and Loss Account			(88,867 )		24,402

SHAREHOLDERS' FUNDS			(88,856)		24,413

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Mitchell Access Control Systems Limited

Balance Sheet (continued)

As At 31 March 2026

For the period ending 31 March 2026 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Mitchell

Director

25 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Mitchell Access Control Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03455966 . The registered office is Unit 10, Vaux Road, Wellingborough, Northamptonshire, NN8 4TG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	25% reducing balance

2.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.5. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

The average number of employees, including directors, during the year was as follows: 12 (2025: 14)

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Mitchell Access Control Systems Limited

Notes to the Financial Statements (continued)

For the Period 1 March 2025 to 31 March 2026

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 March 2025	52,210	142,576	17,280	25,427	237,493
Additions	4,000	-	-	-	4,000
Disposals	-	(43,675 )	-	(15,466 )	(59,141 )

As at 31 March 2026	56,210	98,901	17,280	9,961	182,352

Depreciation
As at 1 March 2025	49,245	90,620	17,013	24,416	181,294
Provided during the period	1,509	10,810	58	274	12,651
Disposals	-	(31,631 )	-	(15,465 )	(47,096 )

As at 31 March 2026	50,754	69,799	17,071	9,225	146,849

Net Book Value
As at 31 March 2026	5,456	29,102	209	736	35,503

As at 1 March 2025	2,965	51,956	267	1,011	56,199

5. Stocks

	31 March 2026	28 February 2025
	£	£
Materials	49,000	33,500
Work in progress	25,000	82,088

	74,000	115,588

6. Debtors

	31 March 2026	28 February 2025
	£	£
Due within one year
Trade debtors	51,771	75,598
Other debtors	3,795	5,137

	55,566	80,735

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Mitchell Access Control Systems Limited

Notes to the Financial Statements (continued)

For the Period 1 March 2025 to 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	31 March 2026	28 February 2025
	£	£
Trade creditors	39,829	104,005
Bank loans and overdrafts	32,024	12,542
Other loans	31,876	21,777
Other creditors	19,194	27,950
Taxation and social security	131,002	59,497

	253,925	225,771

8. Creditors: Amounts Falling Due After More Than One Year

	31 March 2026	28 February 2025
	£	£
Bank loans	-	2,338

9. Share Capital

	31 March 2026	28 February 2025
Allotted, called up and fully paid	£	£
10 Ordinary Shares of £ 1.000 each	10	10
1 Ordinary A shares of £ 1.000 each	1	1

	11	11

10. Directors Advances, Credits and Guarantees

Dividends paid to directors

	31 March 2026	28 February 2025
	£	£
Mr John Mitchell	-	500
Mr Timothy Mitchell	-	500