Truemix Limited - Period Ending 2015-04-05

Registration number: 02521690

Truemix Limited

Unaudited Abbreviated Accounts

for the Year Ended 5 April 2015
 

Alanbrookes Ltd
PO Box 258
Stroud
Gloucestershire
GL6 8WZ

Truemix Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Truemix Limited
for the Year Ended 5 April 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Truemix Limited for the year ended 5 April 2015 set out on pages 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Truemix Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Truemix Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Truemix Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Truemix Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Truemix Limited. You consider that Truemix 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 accounts of Truemix 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 accounts.

......................................

Alanbrookes Ltd
PO Box 258
Stroud
Gloucestershire
GL6 8WZ

24 September 2015

Page 1

Truemix Limited
(Registration number: 02521690)
Abbreviated Balance Sheet at 5 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					186,953			186,953
Investments					3,740			3,740
					190,693			190,693
Current assets
Debtors					128,159			134,708
Cash at bank and in hand					27,481			17,130
					155,640			151,838
Creditors: Amounts falling due within one year					(11,417)			(11,662)
Net current assets					144,223			140,176
Net assets					334,916			330,869
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					334,816			330,769
Shareholders' funds					334,916			330,869

For the year ending 5 April 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 24 September 2015 and signed on its behalf by:

.........................................
R Y Edwards
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Truemix Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Fixed assets are not depreciated

Asset class	Depreciation method and rate
Investment property	None

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Truemix Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2015
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 6 April 2014		186,953			3,740			190,693
At 5 April 2015		186,953			3,740			190,693
Depreciation
At 5 April 2015		-			-			-
Net book value
At 5 April 2015		186,953			3,740			190,693
At 5 April 2014		186,953			3,740			190,693

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4

Control

The company is controlled by no one entity or individual..

Page 4