Mix-a-Man Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03869446 (England and Wales)

Mix-a-Man Limited

Unaudited Financial Statements

For The Year Ended

31st December 2020

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Chartered Accountants' Report

8

DIRECTOR:

A D Ward

SECRETARY:

REGISTERED OFFICE:

8 Hopper Way

Diss Business Park

Diss

Norfolk

IP22 4GT

REGISTERED NUMBER:

03869446 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

8 Hopper Way

Diss

Norfolk

IP22 4GT

FIXED ASSETS

Tangible assets

4

137,343

161,183

CURRENT ASSETS

Stocks

4,500

4,350

Debtors

5

32,109

49,902

Cash at bank

660,203

488,095

696,812

542,347

CREDITORS

Amounts falling due within one year

6

129,129

97,090

NET CURRENT ASSETS

567,683

445,257

TOTAL ASSETS LESS CURRENT LIABILITIES

705,026

606,440

CREDITORS

Amounts falling due after more than one year

7

(78,463

)

(42,182

)

PROVISIONS FOR LIABILITIES

(26,095

)

(30,625

)

NET ASSETS

600,468

533,633

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

600,466

533,631

SHAREHOLDERS' FUNDS

600,468

533,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27th September 2021 and were signed by:

A D Ward - Director

1.	STATUTORY INFORMATION

Mix-a-Man 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102.

Grants of a revenue nature are recognised in other income within profit or loss in the same period as the

related expenditure. This includes the Government Coronavirus Job Retention Scheme and Coronavirus local authority grants.

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 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2020

155,175

4,860

204,215

1,372

365,622

Additions

-

220

-

128

348

At 31st December 2020

155,175

5,080

204,215

1,500

365,970

DEPRECIATION

At 1st January 2020

114,681

2,837

86,164

757

204,439

Charge for year

6,074

314

17,708

92

24,188

At 31st December 2020

120,755

3,151

103,872

849

228,627

NET BOOK VALUE

At 31st December 2020

34,420

1,929

100,343

651

137,343

At 31st December 2019

40,494

2,023

118,051

615

161,183

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

Motor

vehicles

£

COST

At 1st January 2020

and 31st December 2020

66,955

DEPRECIATION

At 1st January 2020

5,022

Charge for year

9,290

At 31st December 2020

14,312

NET BOOK VALUE

At 31st December 2020

52,643

At 31st December 2019

61,933

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

26,613

35,763

Other debtors

5,496

14,139

32,109

49,902

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

1,667

-

Hire purchase contracts

12,052

12,052

Trade creditors

37,364

26,858

Taxation and social security

20,932

7,828

Other creditors

57,114

50,352

129,129

97,090

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

48,333

-

Hire purchase contracts

30,130

42,182

78,463

42,182

2020

2019

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

8,333

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Hire purchase contracts

42,182

54,234

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

2

Ordinary

£1

2

2

10.	RELATED PARTY DISCLOSURES

At the year end the director is owed £55,394 (2019 - £46,851) relating to an interest free loan with no set repayment terms.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mix-a-Man Limited for the year ended 31st December 2020 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mix-a-Man Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mix-a-Man Limited and state those matters that we have agreed to state to the director of Mix-a-Man Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mix-a-Man Limited and its director for our work or for this report.

It is your duty to ensure that Mix-a-Man Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mix-a-Man Limited. You consider that Mix-a-Man Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mix-a-Man Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Chartered Accountants

8 Hopper Way

Diss

Norfolk

IP22 4GT

Date: .............................................