Mixity Design Limited - Abbreviated accounts 16.1

Mixity Design Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 05993826 (England and Wales)















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

MIXITY DESIGN LIMITED

MIXITY DESIGN LIMITED (REGISTERED NUMBER: 05993826)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 4

MIXITY DESIGN LIMITED

COMPANY INFORMATION
for the year ended 31 March 2016







DIRECTORS: Mrs R Baillargeon
P B Baillargeon





SECRETARY: P B Baillargeon





REGISTERED OFFICE: 88 Crawford Street
London
W1H 2EJ





REGISTERED NUMBER: 05993826 (England and Wales)





ACCOUNTANTS: Cameron Baum Limited
88 Crawford Street
London
W1H 2EJ

MIXITY DESIGN LIMITED (REGISTERED NUMBER: 05993826)

ABBREVIATED BALANCE SHEET
31 March 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Stocks 40,000 27,500
Debtors 85,455 770,519
Cash at bank - 37,811
125,455 835,830
CREDITORS
Amounts falling due within one year 867,736 690,984
NET CURRENT (LIABILITIES)/ASSETS (742,281 ) 144,846
TOTAL ASSETS LESS CURRENT
LIABILITIES

(742,281

)

144,846

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account (742,282 ) 144,845
SHAREHOLDERS' FUNDS (742,281 ) 144,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 8 November 2016 and were signed on its behalf
by:





P B Baillargeon - Director


MIXITY DESIGN LIMITED (REGISTERED NUMBER: 05993826)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 March 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service
contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition in a business of £100,000 , is being amortised
evenly over its estimated useful life of 4 years, a year after the acquisition.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 100,000
AMORTISATION
At 1 April 2015
and 31 March 2016 100,000
NET BOOK VALUE

At 31 March 2016 -
At 31 March 2015 -

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

4. ULTIMATE PARENT COMPANY

The parent company is Mixity Holdings Limited.

5. RELATED PARTY DISCLOSURES

A management fee of £1,250,000 (2015: £1,250,000) was charged by Mixity Services Limited, a fellow
subsidiary company, whose directors are Mrs R Baillargeon and Mr P B Baillargeon. Amount owed to group
undertakings represent an amount owed to Mixity Services Limited.

Other creditors £16,590 (2015: £8,263) owed to Mrs R Baillargeon and £3,655 (2015: £8,168) owed to Mr P B
Baillargeon, the directors of the company.

6. GOING CONCERN

The company has the ongoing financial support of other company within the group and this is expected for the
foreseeable future. The company is therefore able to continue as a going concern, based on this support.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MIXITY DESIGN LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Mixity Design Limited for the year ended 31 March 2016 which comprise the Profit and Loss
Account, the Balance Sheet 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Mixity Design Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mixity Design Limited and state those matters that we have agreed to state to the Board of Directors of Mixity Design Limited, 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mixity Design 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 loss of Mixity Design Limited. You consider that Mixity Design 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 Mixity Design 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.






Cameron Baum Limited
88 Crawford Street
London
W1H 2EJ


8 November 2016