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REGISTERED NUMBER: 11998487 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mix Masters Events Limited

Mix Masters Events Limited (Registered number: 11998487)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mix Masters Events Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Batty





REGISTERED OFFICE: Office 10, Unit 1
465C Hornsey Road
Islington
London
N19 4DR





REGISTERED NUMBER: 11998487 (England and Wales)





ACCOUNTANTS: Goldhill Accountancy Ltd
Office 10, Unit 1
465C Hornsey Road
Islington
London
N19 4DR

Mix Masters Events Limited (Registered number: 11998487)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,802 21,592

CURRENT ASSETS
Stocks 5 6,963 7,746
Debtors 6 1,569 8,723
Cash at bank 11,464 20,396
19,996 36,865
CREDITORS
Amounts falling due within one year 7 80,884 84,128
NET CURRENT LIABILITIES (60,888 ) (47,263 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,086

)

(25,671

)

PROVISIONS FOR LIABILITIES 8 6,422 4,102
NET LIABILITIES (33,508 ) (29,773 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 (33,608 ) (29,873 )
(33,508 ) (29,773 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mix Masters Events Limited (Registered number: 11998487)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2024 and were signed by:





M Batty - Director


Mix Masters Events Limited (Registered number: 11998487)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mix Masters Events Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The director considers the going concern basis to be appropriate as, in their opinion, the company will be able to secure sufficient funding to enable it to pay its debts as they fall due.
The financial statements have been prepared on the going concern basis on the assumption that the company will continue to trade for the foreseeable future, even though it had net liabilities of £33,508 (2023: £29,773) as at the balance sheet date.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 33% on reducing balance
Computer equipment - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Mix Masters Events Limited (Registered number: 11998487)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 20,346 28,748 7,490 7,494 64,078
Additions 11,703 - - 11,856 23,559
At 31 March 2024 32,049 28,748 7,490 19,350 87,637
DEPRECIATION
At 1 April 2023 6,464 26,637 5,824 3,561 42,486
Charge for year 5,914 1,607 555 3,273 11,349
At 31 March 2024 12,378 28,244 6,379 6,834 53,835
NET BOOK VALUE
At 31 March 2024 19,671 504 1,111 12,516 33,802
At 31 March 2023 13,882 2,111 1,666 3,933 21,592

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 6,963 7,746

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 277 4,483
VAT 384 -
Prepayments 908 4,240
1,569 8,723

Mix Masters Events Limited (Registered number: 11998487)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 563 3,342
Social security and other taxes (298 ) -
VAT - 2,226
Other creditors 3,400 3,200
Director's curr accs less 1yr 77,219 75,360
80,884 84,128

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 6,422 4,102

Deferred
tax
£   
Balance at 1 April 2023 4,102
Provided during year 2,320
Balance at 31 March 2024 6,422

9. RESERVES
Retained
earnings
£   

At 1 April 2023 (29,873 )
Deficit for the year (3,735 )
At 31 March 2024 (33,608 )

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

31.3.24 31.3.23
£    £   
M Batty
Balance outstanding at start of year (75,360 ) (74,170 )
Amounts advanced 11,528 6,650
Amounts repaid (13,387 ) (7,840 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (77,219 ) (75,360 )

Mix Masters Events Limited (Registered number: 11998487)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The director's current account balance of £77,219 (2023: £75,360) has no fixed date for repayment, is repayable upon demand and is non-interest bearing.