The Marketing Mix Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC610799 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

THE MARKETING MIX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F Sands

G Leslie

L A Hall

REGISTERED OFFICE:

5 Carden Place

Aberdeen

AB10 1UT

REGISTERED NUMBER:

SC610799 (Scotland)

FIXED ASSETS

Tangible assets

4

6,664

3,721

CURRENT ASSETS

Stocks

8,250

750

Debtors

5

47,989

84,513

Cash at bank and in hand

83,269

1,100

139,508

86,363

CREDITORS

Amounts falling due within one year

6

61,462

70,238

NET CURRENT ASSETS

78,046

16,125

TOTAL ASSETS LESS CURRENT LIABILITIES

84,710

19,846

CREDITORS

Amounts falling due after more than one year

7

43,334

-

PROVISIONS FOR LIABILITIES

1,266

707

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

40,108

19,137

40,110

19,139

84,710

19,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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.

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 Board of Directors and authorised for issue on 1 April 2021 and were signed on its behalf by:

F Sands - Director

1.	STATUTORY INFORMATION

The Marketing Mix Limited is a private company, limited by shares , registered in Scotland. 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.

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 etc

-

33% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2020

3,833

Additions

4,608

At 31 December 2020

8,441

DEPRECIATION

At 1 January 2020

112

Charge for year

1,665

At 31 December 2020

1,777

NET BOOK VALUE

At 31 December 2020

6,664

At 31 December 2019

3,721

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

47,722

84,361

Other debtors

267

152

47,989

84,513

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

-

6,445

Trade creditors

30,995

41,832

Amounts owed to group undertakings

-

7,000

Taxation and social security

21,614

14,961

Other creditors

8,853

-

61,462

70,238

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

43,334

-

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

3,335

-

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Fiona Sands and Graeme Leslie.