Truemix Limited - Period Ending 2017-04-05

Registration number: 02521690

Truemix Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 5 April 2017

Alanbrookes Ltd
PO Box 258
Stroud
Gloucestershire
GL6 8WZ

Truemix Limited

Contents

Company Information	1
Accountants' Report	2
Statement of Comprehensive Income	3
Balance Sheet	4
Statement of Changes in Equity	5
Notes to the Financial Statements	6 to 9

Truemix Limited

Company Information

Directors

H A Weber A Edwards J A Telling

Company secretary

Mrs E A J Telling

Registered office

The Coppice Congresbury Bristol BS49 5AH

Accountants

Alanbrookes Ltd PO Box 258 Stroud Gloucestershire GL6 8WZ

Page 1

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 2017

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 2017 as set out on pages 3 to 9 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
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

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 the Board of Directors of Truemix Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. 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

14 August 2017

Page 2

Truemix Limited

Statement of Comprehensive Income for the Year Ended 5 April 2017

	Note	2017 £	2016 £
Profit for the year		17,463	17,293
Total comprehensive income for the year		17,463	17,293

The notes on pages 6 to 9 form an integral part of these financial statements.

Page 3

Truemix Limited

(Registration number: 02521690)
Balance Sheet as at 5 April 2017

	Note	2017 £	2016 £
Fixed assets
Investment property	3	186,953	186,953
Other financial assets	4	3,740	3,740
		190,693	190,693
Current assets
Debtors	5	128,159	128,159
Cash at bank and in hand		21,152	24,230
		149,311	152,389
Creditors: Amounts falling due within one year	6	(11,492)	(11,453)
Net current assets		137,819	140,936
Net assets		328,512	331,629
Capital and reserves
Called up share capital		100	100
Profit and loss account		328,412	331,529
Total equity		328,512	331,629

For the financial year ending 5 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 August 2017 and signed on its behalf by:
 

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

A Edwards

Director

The notes on pages 6 to 9 form an integral part of these financial statements.

Page 4

Truemix Limited

Statement of Changes in Equity for the Year Ended 5 April 2017

	Share capital £	Profit and loss account £	Total £
At 6 April 2016	100	331,529	331,629
Profit for the year	-	17,463	17,463
Total comprehensive income	-	17,463	17,463
Dividends	-	(20,580)	(20,580)
At 5 April 2017	100	328,412	328,512

	Share capital £	Profit and loss account £	Total £
At 6 April 2015	100	334,816	334,916
Profit for the year	-	17,293	17,293
Total comprehensive income	-	17,293	17,293
Dividends	-	(20,580)	(20,580)
At 5 April 2016	100	331,529	331,629

The notes on pages 6 to 9 form an integral part of these financial statements.

Page 5

Truemix Limited

Notes to the Financial Statements for the Year Ended 5 April 2017

1	General information

The company is a private company limited by share capital incorporated in U K.

The address of its registered office is:
The Coppice
Congresbury
Bristol
BS49 5AH

The principal place of business is:
The Coppice
Rhodyate Hill
Congresbury
Bristol
BS49 5AH

These financial statements were authorised for issue by the Board on 14 August 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Page 6

Truemix Limited

Notes to the Financial Statements for the Year Ended 5 April 2017

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Investment properties

	2017 £
At 6 April	186,953

There has been no valuation of investment property by an independent valuer.

Page 7

Truemix Limited

Notes to the Financial Statements for the Year Ended 5 April 2017

4	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 6 April 2016	3,738	2	3,740
At 5 April 2017	3,738	2	3,740
Impairment
Carrying amount
At 5 April 2017	3,738	2	3,740

5

Debtors

	2017 £	2016 £
Other debtors	128,159	128,159
Total current trade and other debtors	128,159	128,159

6

Creditors

	Note	2017 £	2016 £
Due within one year
Taxation and social security		1,150	1,150
Other creditors		10,342	10,303
		11,492	11,453

7

Dividends

	2017	2016
	£	£
Final dividend of £205.80 (2016 - £205.80) per ordinary share	20,580	20,580

Page 8

Truemix Limited

Notes to the Financial Statements for the Year Ended 5 April 2017

8	Transition to FRS 102

FRS 102 1A has been adopted for the year commencing 6 April 2016. There have been no adjustments as a consequence of the adoption of FRS 102 1A.

Page 9