2021-01-012021-12-312021-12-31false06778585MUSTANG MANIAC LIMITED2022-09-01iso4217:GBPxbrli:pure067785852021-01-01067785852021-12-31067785852021-01-012021-12-31067785852020-01-01067785852020-12-31067785852020-01-012020-12-3106778585bus:SmallEntities2021-01-012021-12-3106778585bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3106778585bus:AbridgedAccounts2021-01-012021-12-3106778585bus:PrivateLimitedCompanyLtd2021-01-012021-12-3106778585core:WithinOneYear2021-12-3106778585core:AfterOneYear2021-12-3106778585core:WithinOneYear2020-12-3106778585core:AfterOneYear2020-12-3106778585core:ShareCapital2021-12-3106778585core:SharePremium2021-12-3106778585core:RevaluationReserve2021-12-3106778585core:OtherReservesSubtotal2021-12-3106778585core:RetainedEarningsAccumulatedLosses2021-12-3106778585core:ShareCapital2020-12-3106778585core:SharePremium2020-12-3106778585core:RevaluationReserve2020-12-3106778585core:OtherReservesSubtotal2020-12-3106778585core:RetainedEarningsAccumulatedLosses2020-12-3106778585core:LandBuildings2021-12-3106778585core:PlantMachinery2021-12-3106778585core:Vehicles2021-12-3106778585core:FurnitureFittings2021-12-3106778585core:OfficeEquipment2021-12-3106778585core:NetGoodwill2021-12-3106778585core:IntangibleAssetsOtherThanGoodwill2021-12-3106778585core:ListedExchangeTraded2021-12-3106778585core:UnlistedNon-exchangeTraded2021-12-3106778585core:LandBuildings2020-12-3106778585core:PlantMachinery2020-12-3106778585core:Vehicles2020-12-3106778585core:FurnitureFittings2020-12-3106778585core:OfficeEquipment2020-12-3106778585core:NetGoodwill2020-12-3106778585core:IntangibleAssetsOtherThanGoodwill2020-12-3106778585core:ListedExchangeTraded2020-12-3106778585core:UnlistedNon-exchangeTraded2020-12-3106778585core:LandBuildings2021-01-012021-12-3106778585core:PlantMachinery2021-01-012021-12-3106778585core:Vehicles2021-01-012021-12-3106778585core:FurnitureFittings2021-01-012021-12-3106778585core:OfficeEquipment2021-01-012021-12-3106778585core:NetGoodwill2021-01-012021-12-3106778585core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3106778585core:ListedExchangeTraded2021-01-012021-12-3106778585core:UnlistedNon-exchangeTraded2021-01-012021-12-3106778585core:MoreThanFiveYears2021-01-012021-12-3106778585core:Non-currentFinancialInstruments2021-12-3106778585core:Non-currentFinancialInstruments2020-12-3106778585dpl:CostSales2021-01-012021-12-3106778585dpl:DistributionCosts2021-01-012021-12-3106778585dpl:AdministrativeExpenses2021-01-012021-12-3106778585core:LandBuildings2021-01-012021-12-3106778585core:PlantMachinery2021-01-012021-12-3106778585core:Vehicles2021-01-012021-12-3106778585core:FurnitureFittings2021-01-012021-12-3106778585core:OfficeEquipment2021-01-012021-12-3106778585core:NetGoodwill2021-01-012021-12-3106778585core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3106778585dpl:GroupUndertakings2021-01-012021-12-3106778585dpl:ParticipatingInterests2021-01-012021-12-3106778585dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3106778585core:ListedExchangeTraded2021-01-012021-12-3106778585dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3106778585core:UnlistedNon-exchangeTraded2021-01-012021-12-3106778585dpl:CostSales2020-01-012020-12-3106778585dpl:DistributionCosts2020-01-012020-12-3106778585dpl:AdministrativeExpenses2020-01-012020-12-3106778585core:LandBuildings2020-01-012020-12-3106778585core:PlantMachinery2020-01-012020-12-3106778585core:Vehicles2020-01-012020-12-3106778585core:FurnitureFittings2020-01-012020-12-3106778585core:OfficeEquipment2020-01-012020-12-3106778585core:NetGoodwill2020-01-012020-12-3106778585core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3106778585dpl:GroupUndertakings2020-01-012020-12-3106778585dpl:ParticipatingInterests2020-01-012020-12-3106778585dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-012020-12-3106778585core:ListedExchangeTraded2020-01-012020-12-3106778585dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-012020-12-3106778585core:UnlistedNon-exchangeTraded2020-01-012020-12-3106778585core:NetGoodwill2021-12-3106778585core:IntangibleAssetsOtherThanGoodwill2021-12-3106778585core:LandBuildings2021-12-3106778585core:PlantMachinery2021-12-3106778585core:Vehicles2021-12-3106778585core:FurnitureFittings2021-12-3106778585core:OfficeEquipment2021-12-3106778585core:AfterOneYear2021-12-3106778585core:WithinOneYear2021-12-3106778585core:ListedExchangeTraded2021-12-3106778585core:UnlistedNon-exchangeTraded2021-12-3106778585core:ShareCapital2021-12-3106778585core:SharePremium2021-12-3106778585core:RevaluationReserve2021-12-3106778585core:OtherReservesSubtotal2021-12-3106778585core:RetainedEarningsAccumulatedLosses2021-12-3106778585core:NetGoodwill2020-12-3106778585core:IntangibleAssetsOtherThanGoodwill2020-12-3106778585core:LandBuildings2020-12-3106778585core:PlantMachinery2020-12-3106778585core:Vehicles2020-12-3106778585core:FurnitureFittings2020-12-3106778585core:OfficeEquipment2020-12-3106778585core:AfterOneYear2020-12-3106778585core:WithinOneYear2020-12-3106778585core:Listed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MUSTANG MANIAC LIMITED

Registered Number
06778585
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

MUSTANG MANIAC LIMITED
Company Information
for the year from 1 January 2021 to 31 December 2021

Directors

LONGMORE, Adam Kenneth

Registered Address

Unit 2 Station Road
Braughing
Ware
SG11 2PB

Registered Number

06778585 (England and Wales)
MUSTANG MANIAC LIMITED
Balance Sheet as at
31 December 2021

Notes

2021

2020

£

£

£

£

Fixed assets
Tangible assets61,3561,695
1,3561,695
Current assets
Debtors122,01748,276
Cash at bank and on hand12,9265,399
134,94353,675
Creditors amounts falling due within one year8(35,534)(22,004)
Net current assets (liabilities)99,40931,671
Total assets less current liabilities100,76533,366
Provisions for liabilities(258)(322)
Net assets100,50733,044
Capital and reserves
Called up share capital11
Profit and loss account100,50633,043
Shareholders' funds100,50733,044
The financial statements were approved and authorised for issue by the Director on 1 September 2022, and are signed on its behalf by:
LONGMORE, Adam Kenneth
Director
Registered Company No. 06778585
MUSTANG MANIAC LIMITED
Notes to the Financial Statements
for the year ended 31 December 2021

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The presentation currency of the financial statements is the Pound Sterling (£).
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of the sale of car parts.
4.Accounting policies
Turnover policy
Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
5.Employee information

20212020
Average number of employees during the year11
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 January 215,654
At 31 December 215,654
Depreciation and impairment
At 01 January 213,958
Charge for year340
At 31 December 214,298
Net book value
At 31 December 211,356
At 31 December 201,695
7.Debtors within one year

2021

2020

££
Trade debtors / trade receivables6,45516,331
Other debtors115,56231,945
Total122,01748,276
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2021

2020

££
Taxation and social security33,53420,004
Accrued liabilities and deferred income2,0002,000
Total35,53422,004
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.