Mitchell and Dickinson Limited - Accounts to registrar (filleted) - small 18.2
Mitchell and Dickinson Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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. |
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: |
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 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 |
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 |
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 |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2017 |
Disposals | ( |
) |
At 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
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. |