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REGISTERED NUMBER: 11342367 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DIRECT MINI MIX LIMITED

DIRECT MINI MIX LIMITED (REGISTERED NUMBER: 11342367)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 3


DIRECT MINI MIX LIMITED (REGISTERED NUMBER: 11342367)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,081,047 1,241,646

Current assets
Stocks 115,820 90,500
Debtors 5 83,403 35,710
Cash at bank 397,589 866,151
596,812 992,361
Creditors
Amounts falling due within one year 6 631,912 1,238,387
Net current liabilities (35,100 ) (246,026 )
Total assets less current liabilities 1,045,947 995,620

Creditors
Amounts falling due after more than one year 7 (33,823 ) (46,839 )

Provisions for liabilities 9 (225,796 ) (305,312 )
Net assets 786,328 643,469

Capital and reserves
Called up share capital 10 3 3
Retained earnings 786,325 643,466
Shareholders' funds 786,328 643,469

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 directors acknowledge their 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.

DIRECT MINI MIX LIMITED (REGISTERED NUMBER: 11342367)

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





Mr K Joyce - Director


DIRECT MINI MIX LIMITED (REGISTERED NUMBER: 11342367)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Direct Mini Mix Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11342367. The registered office is Unit 3 Ashton Way, Mannings Heath Road, Poole, Dorset, BH12 4FE.

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.

Turnover
Turnover represents amounts receivable, excluding value added tax, in respect of goods & services provided in the ordinary course of business. Turnover is recognised when the goods or service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Straight line over 8 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

DIRECT MINI MIX LIMITED (REGISTERED NUMBER: 11342367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 10 (2023 - 12 ) .

4. Tangible fixed assets
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 April 2023 25,284 949,840 25,927 944,228 1,945,279
Additions 183,572 375,865 7,259 346,500 913,196
Disposals - (234,850 ) - (699,950 ) (934,800 )
At 31 March 2024 208,856 1,090,855 33,186 590,778 1,923,675
Depreciation
At 1 April 2023 4,884 387,746 10,394 300,609 703,633
Charge for year 26,107 191,729 5,698 103,633 327,167
Eliminated on disposal - (63,809 ) - (124,363 ) (188,172 )
At 31 March 2024 30,991 515,666 16,092 279,879 842,628
Net book value
At 31 March 2024 177,865 575,189 17,094 310,899 1,081,047
At 31 March 2023 20,400 562,094 15,533 643,619 1,241,646

DIRECT MINI MIX LIMITED (REGISTERED NUMBER: 11342367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 April 2023
and 31 March 2024 72,500
Depreciation
At 1 April 2023 18,125
Charge for year 13,594
At 31 March 2024 31,719
Net book value
At 31 March 2024 40,781
At 31 March 2023 54,375

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 43,900 -
Prepayments and accrued income 39,503 35,710
83,403 35,710

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 14,143 13,003
Trade creditors 297,115 397,135
Tax 155,839 28,114
Social security and other taxes 8,586 -
VAT 4,356 1,813
Pension creditor 852 720
Credit cards 2,474 1,004
Directors' current accounts 143,822 792,103
Accruals and deferred income 4,725 4,495
631,912 1,238,387

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 33,823 46,839

DIRECT MINI MIX LIMITED (REGISTERED NUMBER: 11342367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 47,966 59,842

Amounts owing under hire purchase agreements are secured against the assets to which they related.

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 225,796 305,312

Deferred
tax
£   
Balance at 1 April 2023 305,312
Credit to Income statement during year (79,516 )
Balance at 31 March 2024 225,796

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2
1 A Shares £1 1 1
3 3

11. Ultimate controlling party

The Company is under the control of the Director Mr K Joyce, by virtue of his 100% holding of the issued voting share capital of the Company.