Truemix Limited - Period Ending 2018-04-05
Truemix Limited - Period Ending 2018-04-05
Registration number:
Truemix Limited
for the Year Ended 5 April 2018
PO Box 258
Stroud
Gloucestershire
GL6 8WZ
Truemix Limited
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Truemix Limited
Company Information
Directors |
H A Weber J A Telling A Edwards |
Company secretary |
Mrs E A J Telling |
Registered office |
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Accountants |
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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 2018
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 2018 as set out on pages 3 to 8 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.
......................................
Stroud
Gloucestershire
GL6 8WZ
Page 2 |
Truemix Limited
(Registration number: 02521690)
Balance Sheet as at 5 April 2018
Note |
2018 |
2017 |
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Fixed assets |
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Investment property |
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Other financial assets |
3,740 |
3,740 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 5 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
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.
Page 3 |
Truemix Limited
(Registration number: 02521690)
Balance Sheet as at 5 April 2018
Approved and authorised by the
.........................................
A Edwards
Director
Page 4 |
Truemix Limited
Notes to the Financial Statements for the Year Ended 5 April 2018
General information |
The company is a private company limited by share capital incorporated in U K.
The address of its registered office is:
The principal place of business is:
The Coppice
Rhodyate Hill
Congresbury
Bristol
BS49 5AH
These financial statements were authorised for issue by the
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
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.
Page 5 |
Truemix Limited
Notes to the Financial Statements for the Year Ended 5 April 2018
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.
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.
Investment properties |
2018 |
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At 6 April |
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There has been no valuation of investment property by an independent valuer.
Page 6 |
Truemix Limited
Notes to the Financial Statements for the Year Ended 5 April 2018
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 6 April 2017 |
3,738 |
2 |
3,740 |
At 5 April 2018 |
3,738 |
2 |
3,740 |
Impairment |
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Carrying amount |
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At 5 April 2018 |
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3,740 |
Debtors |
2018 |
2017 |
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Trade debtors |
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- |
Other debtors |
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Total current trade and other debtors |
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Creditors |
Note |
2018 |
2017 |
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Due within one year |
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Trade creditors |
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- |
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Taxation and social security |
- |
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Other creditors |
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Corporation tax |
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Page 7 |
Truemix Limited
Notes to the Financial Statements for the Year Ended 5 April 2018
Dividends |
Final dividends paid
2018 |
2017 |
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Final dividend of £ |
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Page 8 |