Mitchell and Dickinson Limited 31/03/2022 iXBRL
Mitchell and Dickinson Limited 31/03/2022 iXBRL
Company registration number:
07217073
Trading as
Mitchell and Dickinsons Limited
MITCHELL AND DICKINSON LIMITED
STATEMENT OF FINANCIAL POSITION
31 MARCH 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 |
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- | ||||||
Tangible assets | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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_______ | _______ | ||||||||
Net current liabilities |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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_______ | _______ | ||||||||
Net liabilities |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Share premium account | 10 |
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Profit and loss account | 10 |
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_______ | _______ | ||||||||
Shareholders deficit |
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_______ | _______ | ||||||||
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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 December 2022
, and are signed on behalf of the board by:
Director
Company registration number:
07217073
MITCHELL AND DICKINSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Studio K, Business Support Centre, Caddsdown Industrial Park, Bideford, Devon, EX39 3DX.
Principal activity
The principal activity of the company is that of supplying glazing and window services to period and listed buildings.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Intangible assets
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:
Software development | - | 3 Years 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.
Research and development
Tangible assets
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:
Long leasehold property | - |
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Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - | 6 Years Straight line | ||
Computer equipment | - |
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straight line | |
Impairment
Stocks
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
Government grants
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
44
(2021:
33
).
5.
Intangible assets
Other intangible assets | ||
£ | ||
Cost | ||
At 1 April 2021 | - | |
Additions | 4,095 | |
_______ | ||
At 31 March 2022 |
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Amortisation | ||
At 1 April 2021 | - | |
Charge for the year |
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_______ | ||
At 31 March 2022 |
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Carrying amount | ||
At 31 March 2022 |
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At 31 March 2021 | - | |
_______ | ||
6.
Tangible assets
Long leasehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Computer equipment | Total | ||
£ | £ | £ | £ | £ | £ | ||
Cost | |||||||
At 1 April 2021 |
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Additions | - |
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Disposals | - |
(
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- |
(
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- |
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_______ | _______ | _______ | _______ | _______ | _______ | ||
At 31 March 2022 |
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_______ | _______ | _______ | _______ | _______ | _______ | ||
Depreciation | |||||||
At 1 April 2021 |
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Charge for the year | - |
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Disposals | - |
(
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(
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- |
(
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_______ | _______ | _______ | _______ | _______ | _______ | ||
At 31 March 2022 |
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_______ | _______ | _______ | _______ | _______ | _______ | ||
Carrying amount | |||||||
At 31 March 2022 | - |
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_______ | _______ | _______ | _______ | _______ | _______ | ||
At 31 March 2021 | - |
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_______ | _______ | _______ | _______ | _______ | _______ | ||
7.
Debtors
2022 | 2021 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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_______ | _______ | |||
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_______ | _______ | |||
8.
Creditors: amounts falling due within one year
2022 | 2021 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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Social security and other taxes | 110,760 | 111,152 | ||
Other creditors | 130,912 | 105,197 | ||
_______ | _______ | |||
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_______ | _______ | |||
9.
Creditors: amounts falling due after more than one year
2022 | 2021 | |||
£ | £ | |||
Bank loans and overdrafts |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
10.
Reserves
11.
Events after the end of the reporting period
12.
Directors advances, credits and guarantees
Balance brought forward and o/standing | Balance brought forward and o/standing | ||
2022 | 2021 | ||
£ | £ | ||
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_______ | _______ | ||
13.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | Balance owed by/(owed to) | ||||
2022 | 2021 | 2022 | 2021 | ||
£ | £ | £ | £ | ||
The Period and Listed Retrofit Academy Limited | 154 | 354 | 154 | 354 | |
_______ | _______ | _______ | _______ | ||
During the year, a loan was made to The Period and Listed Retrofit Academy Limited, a company under common control. The balance outstanding at the year end was £154. The loan is interest free with no fixed date for repayment