In The Mix Limited - Abbreviated accounts 16.3

In The Mix Limited - Abbreviated accounts 16.3

IN THE MIX LIMITED - Company Information

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REGISTERED NUMBER: SC378080 (Scotland)
















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

IN THE MIX LIMITED

IN THE MIX LIMITED (REGISTERED NUMBER: SC378080)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

IN THE MIX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2016







DIRECTOR: Ms S Warburton





SECRETARY: Www.firstregistrars.co.uk Limited





REGISTERED OFFICE: AFM House
6 Crofthead Road
Prestwick
Ayrshire
KA9 1HW





REGISTERED NUMBER: SC378080 (Scotland)





ACCOUNTANTS: Firstax Limited
AFM House
6 Crofthead Road
Prestwick
Ayrshire
KA9 1HW
Page 1
IN THE MIX LIMITED (REGISTERED NUMBER: SC378080)

ABBREVIATED BALANCE SHEET
31 MAY 2016

2016 2015
Notes £    £   
FIXED ASSETS
Intangible assets 2 8,045 10,057
Tangible assets 3 331 1,856
8,376 11,913

CURRENT ASSETS
Stocks 63,102 34,850
Debtors 271 3,359
Cash in hand 4,525 813
67,898 39,022
CREDITORS
Amounts falling due within one year (64,794 ) (50,390 )
NET CURRENT ASSETS/(LIABILITIES) 3,104 (11,368 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
11,480
545

PROVISIONS FOR LIABILITIES (67 ) (372 )
NET ASSETS 11,413 173

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 11,313 73
SHAREHOLDERS' FUNDS 11,413 173

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 8 February 2017 and were signed by:





Ms S Warburton - Director


The notes on pages 3 to 4 form part of these abbreviated accounts

Page 2
IN THE MIX LIMITED (REGISTERED NUMBER: SC378080)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

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 are differences between the company's taxable profits and it's results as stated in the accounts.
Deferred tax is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the
timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted at the
balance sheet date. Deferred tax assets are only recognised where their recoverability in the short term is regarded as more
likely than not.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the
lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2015
and 31 May 2016 20,114
AMORTISATION
At 1 June 2015 10,057
Amortisation for year 2,012
At 31 May 2016 12,069
NET BOOK VALUE

At 31 May 2016 8,045
At 31 May 2015 10,057

Page 3 continued...
IN THE MIX LIMITED (REGISTERED NUMBER: SC378080)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MAY 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2015 7,650
Additions 275
At 31 May 2016 7,925
DEPRECIATION
At 1 June 2015 5,794
Charge for year 1,800
At 31 May 2016 7,594
NET BOOK VALUE
At 31 May 2016 331
At 31 May 2015 1,856

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 4