Mitchell and Dickinson Limited - Accounts to registrar (filleted) - small 18.2

Mitchell and Dickinson Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07217073 (England and Wales)















MITCHELL AND DICKINSON LIMITED

PREVIOUSLY KNOWN AS
COSYHOME COMPANY (UK) LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018






MITCHELL AND DICKINSON LIMITED (REGISTERED NUMBER: 07217073)
PREVIOUSLY KNOWN AS COSYHOME COMPANY (UK) LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Report of the Directors 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


MITCHELL AND DICKINSON LIMITED
PREVIOUSLY KNOWN AS COSYHOME COMPANY (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: M Mitchell
P Dickinson





REGISTERED OFFICE: 37 Mill Street
Bideford
DEVON
EX39 2JJ





REGISTERED NUMBER: 07217073 (England and Wales)





ACCOUNTANTS: Jane Maynard Limited
T/A Maynard Johns
37 Mill Street
Bideford
DEVON
EX39 2JJ

MITCHELL AND DICKINSON LIMITED (REGISTERED NUMBER: 07217073)
PREVIOUSLY KNOWN AS COSYHOME COMPANY (UK) LIMITED

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2018

The directors present their report with the financial statements of the company for the year ended 31 March 2018.

CHANGE OF NAME
The company passed a special resolution on 1 November 2017 changing its name from Cosyhome Company (UK) Limited to
Mitchell and Dickinson Limited.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2017 to the date of this report.

M Mitchell
P Dickinson

The Directors are pleased to report turnover growth of 32% in the year ended 31st March 2018 bringing total sales to £678,538,
continuing the contract to insulate the historic village of Clovelly with its 114 Grade 2 Listed Properties in addition to its expanding
domestic portfolio.

This year the company has invested in a large number of exceptional items to complete the main body of work in its business
expansion programme that was initiated in the prior year. This included a new company-wide software system, re-branding from
the previous name of CosyHome Company to its new name Mitchell & Dickinson, and significant improvements to structure and
training systems, totalling £67,826. The underlying trading loss taking into account exceptional costs is -£6,190, a significant
improvement compared with a trading loss of -£27,217 in the previous year, on a like for like basis.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M Mitchell - Director


21 December 2018

MITCHELL AND DICKINSON LIMITED (REGISTERED NUMBER: 07217073)
PREVIOUSLY KNOWN AS COSYHOME COMPANY (UK) LIMITED

ABRIDGED BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,407 20,565

CURRENT ASSETS
Stocks 24,281 16,933
Debtors 59,035 57,427
Cash at bank and in hand 78,405 64,914
161,721 139,274
CREDITORS
Amounts falling due within one year (238,372 ) (187,318 )
NET CURRENT LIABILITIES (76,651 ) (48,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,244

)

(27,479

)

CAPITAL AND RESERVES
Called up share capital 1,859 1,759
Share premium 260,883 225,732
Retained earnings (328,986 ) (254,970 )
SHAREHOLDERS' FUNDS (66,244 ) (27,479 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

MITCHELL AND DICKINSON LIMITED (REGISTERED NUMBER: 07217073)
PREVIOUSLY KNOWN AS COSYHOME COMPANY (UK) LIMITED

ABRIDGED BALANCE SHEET - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 21 December 2018 and were signed on its behalf by:





M Mitchell - Director


MITCHELL AND DICKINSON LIMITED (REGISTERED NUMBER: 07217073)
PREVIOUSLY KNOWN AS COSYHOME COMPANY (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Mitchell and Dickinson 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost, 15% on cost and 10% on cost

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The directors have assessed the company's financial position as well as considered the future sales expectation. They have
concluded that, with their continued support, the company will be able to trade for a period of at least eighteen months from
the balance sheet date. They therefore consider that the going concern basis has been correctly applied.

MITCHELL AND DICKINSON LIMITED (REGISTERED NUMBER: 07217073)
PREVIOUSLY KNOWN AS COSYHOME COMPANY (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2017 - 18 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 52,754
Disposals (9,608 )
At 31 March 2018 43,146
DEPRECIATION
At 1 April 2017 32,189
Charge for year 10,108
Eliminated on disposal (9,558 )
At 31 March 2018 32,739
NET BOOK VALUE
At 31 March 2018 10,407
At 31 March 2017 20,565

5. GOING CONCERN

The directors have assessed the company's financial position as well as considered the future sales expectation. They have
concluded that, with their continued support, the company will be able to trade for a period of at least eighteen months from
the balance sheet date. They therefore consider that the going concern basis has been correctly applied.