Mitchell Access Control Systems Limited

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

Registered number: 03455966

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		56,199		62,894

			56,199		62,894
CURRENT ASSETS
Stocks	5	115,588		46,500
Debtors	6	80,735		147,761

		196,323		194,261
Creditors: Amounts Falling Due Within One Year	7	(225,771 )		(225,733 )

NET CURRENT ASSETS (LIABILITIES)			(29,448 )		(31,472 )

TOTAL ASSETS LESS CURRENT LIABILITIES			26,751		31,422

Creditors: Amounts Falling Due After More Than One Year	8		(2,338 )		(10,484 )

NET ASSETS			24,413		20,938

CAPITAL AND RESERVES
Called up share capital	9		11		11
Profit and Loss Account			24,402		20,927

SHAREHOLDERS' FUNDS			24,413		20,938

Page 1

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Mitchell Access Control Systems Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 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

26 November 2025

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: 14 (2024: 16)

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Mitchell Access Control Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 March 2024	52,210	224,484	17,280	25,427	319,401
Additions	-	26,315	-	-	26,315
Disposals	-	(108,223 )	-	-	(108,223 )

As at 28 February 2025	52,210	142,576	17,280	25,427	237,493

Depreciation
As at 1 March 2024	48,504	166,978	16,946	24,079	256,507
Provided during the period	741	17,319	67	337	18,464
Disposals	-	(93,677 )	-	-	(93,677 )

As at 28 February 2025	49,245	90,620	17,013	24,416	181,294

Net Book Value
As at 28 February 2025	2,965	51,956	267	1,011	56,199

As at 1 March 2024	3,706	57,506	334	1,348	62,894

5. Stocks

	2025	2024
	£	£
Materials	33,500	24,500
Work in progress	82,088	22,000

	115,588	46,500

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	75,598	143,346
Other debtors	5,137	4,415

	80,735	147,761

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Mitchell Access Control Systems Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	104,005	87,898
Bank loans and overdrafts	12,542	10,278
Other loans	21,777	21,277
Other creditors	27,950	18,153
Taxation and social security	59,497	88,127

	225,771	225,733

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

	2025	2024
	£	£
Bank loans	2,338	10,484

9. Share Capital

	2025	2024
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

	2025	2024
	£	£
Mr John Mitchell	500	1,500
Mr Timothy Mitchell	500	1,000