2022-03-012023-02-282023-02-28false07952649MIX ASSOCIATES 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MIX ASSOCIATES LIMITED

Registered Number
07952649
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

MIX ASSOCIATES LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

MITCHELL, Gemma Robertson
WALKER, Natasha

Registered Address

57 Bermondsey Street
London
SE1 3XJ

Registered Number

07952649 (England and Wales)
MIX ASSOCIATES LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets755,92568,993
55,92568,993
Current assets
Debtors8859,220713,046
Cash at bank and on hand824,3031,349,667
1,683,5232,062,713
Creditors amounts falling due within one year9(342,758)(707,957)
Net current assets (liabilities)1,340,7651,354,756
Total assets less current liabilities1,396,6901,423,749
Provisions for liabilities-(3,397)
Net assets1,396,6901,420,352
Capital and reserves
Called up share capital110110
Share premium3,1503,590
Profit and loss account1,393,4301,416,652
Shareholders' funds1,396,6901,420,352
The financial statements were approved and authorised for issue by the Board of Directors on 30 November 2023, and are signed on its behalf by:
MITCHELL, Gemma Robertson
Director
Registered Company No. 07952649
MIX ASSOCIATES LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company is the provision of market research services.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Turnover policy
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Asset Class Depreciation Method and Rate Office Equipment Reducing Balance - 25% Computer Equipment Straight Line - 3 years

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings25-
Office Equipment-3
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
6.Employee information

20232022
Average number of employees during the year2522
7.Property, plant and equipment

Total

£
Cost or valuation
At 01 March 22137,622
Additions10,613
At 28 February 23148,236
Depreciation and impairment
At 01 March 2268,629
Charge for year23,681
At 28 February 2392,311
Net book value
At 28 February 2355,925
At 28 February 2268,993
8.Debtors

2023

2022

££
Trade debtors / trade receivables611,266445,574
Other debtors17,9998,346
Prepayments and accrued income129,955151,327
Other debtors (Non-current)100,000107,799
Total859,220713,046
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.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables107,033112,782
Taxation and social security222,761395,497
Accrued liabilities and deferred income12,964199,678
Total342,758707,957
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.