Company Registration No. 8211347 (England and Wales)
Mixermanwales Ltd
Unaudited accounts
for the year ended 31 July 2021
Mixermanwales Ltd
Unaudited accounts
Contents
Mixermanwales Ltd
Company Information
for the year ended 31 July 2021
Directors
Elizabeth Jayne Skinner
Paul Maldwyn Skinner
Company Number
8211347 (England and Wales)
Registered Office
Consolidated House
Garth Drive
Bridgend
CF31 2XF
Accountants
The Wright Advice Ltd
2 Llanedeyrn Road
Cardiff
CF23 9DX
Mixermanwales Ltd
Statement of financial position
as at 31 July 2021
Tangible assets
61,119
49,453
Inventories
302,000
302,000
Cash at bank and in hand
86,949
42,089
Creditors: amounts falling due within one year
(274,884)
(210,180)
Net current assets
123,089
141,533
Total assets less current liabilities
184,208
190,986
Creditors: amounts falling due after more than one year
(46,254)
(59,142)
Provisions for liabilities
Deferred tax
(11,637)
(9,396)
Net assets
126,317
122,448
Called up share capital
30,100
30,100
Profit and loss account
96,217
92,348
Shareholders' funds
126,317
122,448
For the year ending 31 July 2021 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2022 and were signed on its behalf by
Paul Maldwyn Skinner
Director
Company Registration No. 8211347
Mixermanwales Ltd
Notes to the Accounts
for the year ended 31 July 2021
Mixermanwales Ltd is a private company, limited by shares, registered in England and Wales, registration number 8211347. The registered office is Consolidated House, Garth Drive, Bridgend, CF31 2XF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
15% straight line
Computer equipment
33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Mixermanwales Ltd
Notes to the Accounts
for the year ended 31 July 2021
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2020
1,080
19,210
41,705
35,498
97,493
Additions
773
25,250
2,504
5,156
33,683
Disposals
-
-
(3,872)
(4,130)
(8,002)
At 31 July 2021
1,853
44,460
40,337
36,524
123,174
At 1 August 2020
617
4,795
20,273
22,355
48,040
Charge for the year
211
6,536
5,792
9,478
22,017
On disposals
-
-
(3,872)
(4,130)
(8,002)
At 31 July 2021
828
11,331
22,193
27,703
62,055
At 31 July 2021
1,025
33,129
18,144
8,821
61,119
At 31 July 2020
463
14,415
21,432
13,143
49,453
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
9,274
11,441
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Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
9,147
2,356
Obligations under finance leases and hire purchase contracts
2,415
2,950
Trade creditors
179,734
127,703
Taxes and social security
1,287
6,516
Other creditors
16,336
107
Loans from directors
36,359
37,358
Mixermanwales Ltd
Notes to the Accounts
for the year ended 31 July 2021
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
6,859
8,020
Taxes and social security
-
3,270
Aggregate of amounts that fall due for payment after five years
-
27,912
8
Average number of employees
During the year the average number of employees was 14 (2020: 12).
