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Registered number: 08856427
Admixer Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08856427
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 35,613 21,321
Investments 5 10,063 10,063
45,676 31,384
CURRENT ASSETS
Debtors 6 146,370 137,460
Cash at bank and in hand 55,625 202,930
201,995 340,390
Creditors: Amounts Falling Due Within One Year 7 (8,139 ) (132,908 )
NET CURRENT ASSETS (LIABILITIES) 193,856 207,482
TOTAL ASSETS LESS CURRENT LIABILITIES 239,532 238,866
NET ASSETS 239,532 238,866
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 239,432 238,766
SHAREHOLDERS' FUNDS 239,532 238,866
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Tetiana Sorochynska
Director
08/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Admixer Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08856427 . The registered office is Office 167 Regico Offices, The Old Bank, 153 The Parade High Street, Watford, United Kingdom, WD17 1NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software. It is amortised to profit and loss account over its estimated economic life of five years.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are the trade mark. It is amortised to the profit and loss account over its estimated economic life of nil years.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Intangible Assets
Other Intellectual Property Total
£ £ £
Cost
As at 1 February 2023 19,756 1,565 21,321
Other 18,243 - 18,243
As at 31 January 2024 37,999 1,565 39,564
Amortisation
As at 1 February 2023 - - -
Provided during the period 3,951 - 3,951
As at 31 January 2024 3,951 - 3,951
Net Book Value
As at 31 January 2024 34,048 1,565 35,613
As at 1 February 2023 19,756 1,565 21,321
5. Investments
Subsidiaries
£
Cost
As at 1 February 2023 10,063
As at 31 January 2024 10,063
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 10,063
As at 1 February 2023 10,063
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 146,370 137,460
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 117,004
Corporation tax 156 7,123
Other creditors 7,983 8,781
8,139 132,908
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5