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REGISTERED NUMBER: 14792165 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 11 APRIL 2023 TO 30 JUNE 2024

FOR

MIXIN HOMECARE LTD

MIXIN HOMECARE LTD (REGISTERED NUMBER: 14792165)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 APRIL 2023 TO 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIXIN HOMECARE LTD

COMPANY INFORMATION
FOR THE PERIOD 11 APRIL 2023 TO 30 JUNE 2024







DIRECTOR: Mr Y Leung Lee



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 14792165 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Revolut Business

MIXIN HOMECARE LTD (REGISTERED NUMBER: 14792165)

BALANCE SHEET
30 JUNE 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 23,600
Tangible assets 5 1,642
25,242

CURRENT ASSETS
Debtors 6 1,077
Cash at bank 5,142
6,219
CREDITORS
Amounts falling due within one year 7 137,600
NET CURRENT LIABILITIES (131,381 )
TOTAL ASSETS LESS CURRENT LIABILITIES (106,139 )

CREDITORS
Amounts falling due after more than one
year

8

(16,788

)

PROVISIONS FOR LIABILITIES (312 )
NET LIABILITIES (123,239 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (123,339 )
SHAREHOLDERS' FUNDS (123,239 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

MIXIN HOMECARE LTD (REGISTERED NUMBER: 14792165)

BALANCE SHEET - continued
30 JUNE 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2024 and were signed by:





Mr Y Leung Lee - Director


MIXIN HOMECARE LTD (REGISTERED NUMBER: 14792165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 APRIL 2023 TO 30 JUNE 2024


1. STATUTORY INFORMATION

Mixin Homecare Ltd 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

CareYourWay Franchise is being amortised evenly over its estimated useful life of five years.

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 - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MIXIN HOMECARE LTD (REGISTERED NUMBER: 14792165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 APRIL 2023 TO 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Going concern
The company meets its day to day working capital requirements through a loan provided by Yee Leung Lee, a Director of the company and Mixin Consultancy Ltd, parent company. They will continue to support the company in this way until such times as profits are made.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. INTANGIBLE FIXED ASSETS
CareYourWay
Franchise
£   
COST
Additions 29,500
At 30 June 2024 29,500
AMORTISATION
Amortisation for period 5,900
At 30 June 2024 5,900
NET BOOK VALUE
At 30 June 2024 23,600

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
Additions 355 1,811 2,166
At 30 June 2024 355 1,811 2,166
DEPRECIATION
Charge for period 71 453 524
At 30 June 2024 71 453 524
NET BOOK VALUE
At 30 June 2024 284 1,358 1,642

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 280
Other debtors 56
Prepayments 741
1,077

MIXIN HOMECARE LTD (REGISTERED NUMBER: 14792165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 APRIL 2023 TO 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 4,674
Trade creditors 6,184
Amounts owed to associates 93,156
Social security and other taxes 583
Other creditors 219
Directors' current accounts 30,540
Accrued expenses 2,244
137,600

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans - 1-2 years 10,251
Bank loans - 2-5 years 6,537
16,788

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2024:

£   
Mr Y Leung Lee
Balance outstanding at start of period -
Amounts advanced 460
Amounts repaid (31,000 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (30,540 )

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

Intercompany Account

During the period the company borrowed from Mixin Consultancy Ltd, parent company Yee Leung Lee, Director, is also a Director of, an amount of £93,156. The loan is unsecured, interest free and repayable on demand.