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REGISTERED NUMBER: 11355718 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

MUSTARDS RESTAURANTS LIMITED

MUSTARDS RESTAURANTS LIMITED (REGISTERED NUMBER: 11355718)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MUSTARDS RESTAURANTS LIMITED

COMPANY INFORMATION
For The Year Ended 31st May 2023







DIRECTORS: S A Mustard
Mrs H J Mustard





REGISTERED OFFICE: 76 Aldwick Road
Bognor regis
West Sussex
PO21 2PE





REGISTERED NUMBER: 11355718 (England and Wales)





ACCOUNTANTS: Bromley Clackett Limited
76 Aldwick Road
Bognor Regis
West Sussex
PO21 2PE

MUSTARDS RESTAURANTS LIMITED (REGISTERED NUMBER: 11355718)

BALANCE SHEET
31st May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 47,500 57,000
Tangible assets 5 78,215 90,180
125,715 147,180

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 9,141 4,424
Cash at bank and in hand 34,310 76,265
45,951 83,189
CREDITORS
Amounts falling due within one year 7 187,969 196,891
NET CURRENT LIABILITIES (142,018 ) (113,702 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,303

)

33,478

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (16,403 ) 33,378
(16,303 ) 33,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 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 25th October 2023 and were signed on its behalf by:



S A Mustard - Director


MUSTARDS RESTAURANTS LIMITED (REGISTERED NUMBER: 11355718)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st May 2023

1. STATUTORY INFORMATION

Mustards Restaurants Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance

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.

MUSTARDS RESTAURANTS LIMITED (REGISTERED NUMBER: 11355718)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2022
and 31st May 2023 95,000
AMORTISATION
At 1st June 2022 38,000
Charge for year 9,500
At 31st May 2023 47,500
NET BOOK VALUE
At 31st May 2023 47,500
At 31st May 2022 57,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st June 2022
and 31st May 2023 70,537 93,772 164,309
DEPRECIATION
At 1st June 2022 14,108 60,021 74,129
Charge for year 3,527 8,438 11,965
At 31st May 2023 17,635 68,459 86,094
NET BOOK VALUE
At 31st May 2023 52,902 25,313 78,215
At 31st May 2022 56,429 33,751 90,180

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 9,141 4,424

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 17,061 20,523
Taxation and social security 34,576 60,007
Other creditors 136,332 116,361
187,969 196,891