REGISTERED NUMBER: 01794168 (England and Wales)

Mistal Time Services Limited

Unaudited Financial Statements

for the Year Ended 30 April 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

Mr P D T Davies

Mr S L Nesbit

Registered office:

Broseley House

116 Bradshawgate

Leigh

Lancashire

WN7 4NT

Registered number:

01794168 (England and Wales)

Accountants:

Mitchell Charlesworth

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

193,670

240,835

Investment property

5

170,000

129,206

363,670

370,041

Current assets

Stocks

3,891

4,301

Debtors

6

294,839

248,872

Cash at bank

22,923

126,064

321,653

379,237

Creditors

Amounts falling due within one year

7

281,035

207,098

Net current assets

40,618

172,139

Total assets less current liabilities

404,288

542,180

Creditors

Amounts falling due after more than one year

8

(93,882

)

(107,424

)

Provisions for liabilities

(44,490

)

(45,527

)

Net assets

265,916

389,229

Capital and reserves

Called up share capital

900

900

Share premium

461

461

Revaluation reserve

9

11,739

11,739

Fair value reserve

9

50,992

-

Retained earnings

201,824

376,129

Shareholders' funds

265,916

389,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 29 October 2025 and were signed on its behalf by:

Mr P D T Davies - Director

1.	Statutory information

Mistal Time Services 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Investment property

Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a 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 31 (2024 - 31 ) .

4.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 May 2024

104,504

418,462

522,966

Additions

-

6,032

6,032

At 30 April 2025

104,504

424,494

528,998

Depreciation

At 1 May 2024

43,685

238,446

282,131

Charge for year

2,090

51,107

53,197

At 30 April 2025

45,775

289,553

335,328

Net book value

At 30 April 2025

58,729

134,941

193,670

At 30 April 2024

60,819

180,016

240,835

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

Cost

At 1 May 2024

and 30 April 2025

144,244

Depreciation

At 1 May 2024

36,061

Charge for year

27,046

At 30 April 2025

63,107

Net book value

At 30 April 2025

81,137

At 30 April 2024

108,183

5.	Investment property

Total

£

Fair value

At 1 May 2024

129,206

Valuation changes

40,794

At 30 April 2025

170,000

Net book value

At 30 April 2025

170,000

At 30 April 2024

129,206

Fair value at 30 April 2025 is represented by:

£

Valuation in 2025

170,000

If investment property had not been revalued it would have been included at the following historical cost:

30.4.25

30.4.24

£

£

Cost

129,206

-

Investment property was valued on an open market basis on 30 April 2025 by the directors .

6.

Debtors: amounts falling due within one year

30.4.25

30.4.24

£

£

Trade debtors

239,532

196,478

Other debtors

55,307

52,394

294,839

248,872

7.

Creditors: amounts falling due within one year

30.4.25

30.4.24

£

£

Bank loans and overdrafts

5

5

Hire purchase contracts

13,542

13,542

Trade creditors

122,711

48,847

Taxation and social security

81,656

71,759

Other creditors

63,121

72,945

281,035

207,098

8.

Creditors: amounts falling due after more than one year

30.4.25

30.4.24

£

£

Hire purchase contracts

93,882

107,424

9.

Reserves

Fair

Revaluation

value

reserve

reserve

Totals

£

£

£

At 1 May 2024

11,739

-

11,739

Transfer from retained earnings

-

50,992

50,992

At 30 April 2025

11,739

50,992

62,731