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REGISTERED NUMBER: 06142283 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Mudd & Water Ltd

Mudd & Water Ltd (Registered number: 06142283)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 6

Mudd & Water Ltd

Company Information
for the year ended 31 May 2023







DIRECTOR: M J Low





SECRETARIES: M J Low
Mrs K F Low





REGISTERED OFFICE: Unit 6, Cherrytree Farm
Blackmore End Road
Sible Hedingham
HALSTEAD
Essex
CO9 3LZ





REGISTERED NUMBER: 06142283 (England and Wales)





ACCOUNTANTS: Simpson Accountancy
Unit 6 Cherrytree Farm
Blackmore End Road
Sible Hedingham
Essex
C09 3LZ

Mudd & Water Ltd (Registered number: 06142283)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 33,561 31,810
Debtors 5 104,083 72,318
Cash at bank 362 14,362
138,006 118,490
CREDITORS
Amounts falling due within one year 6 153,014 155,373
NET CURRENT LIABILITIES (15,008 ) (36,883 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,008

)

(36,883

)

CREDITORS
Amounts falling due after more than one
year

7

-

10,000
NET LIABILITIES (15,008 ) (46,883 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 (15,010 ) (46,885 )
SHAREHOLDERS' FUNDS (15,008 ) (46,883 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

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 director and authorised for issue on 20 December 2023 and were signed by:



M J Low - Director


Mudd & Water Ltd (Registered number: 06142283)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Mudd & Water 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.

These accounts have been prepared on a going concern basis, based on the continued support of the company's directors and creditors.

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.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Mudd & Water Ltd (Registered number: 06142283)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 1,458
DEPRECIATION
At 1 June 2022
and 31 May 2023 1,458
NET BOOK VALUE
At 31 May 2023 -

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 84,229 37,806
Other debtors 19,854 18,469
104,083 56,275

Amounts falling due after more than one year:
Other debtors - 16,043

Aggregate amounts 104,083 72,318

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 600 30,393
Trade creditors 61,234 13,574
Amounts owed to associates 7,391 6,873
Taxation and social security 75,807 101,590
Other creditors 7,982 2,943
153,014 155,373

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 10,000

Mudd & Water Ltd (Registered number: 06142283)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 600 28,600

9. RESERVES
Retained
earnings
£   

At 1 June 2022 (46,885 )
Profit for the year 31,875
At 31 May 2023 (15,010 )

10. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed £7,390 (2022: £6,873) to Greenpathways Ltd, a company of which Michael Low is also a director.

Both companies are under common control.

Accountants' Report to the Director
on the Unaudited Financial Statements of
Mudd & Water Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mudd & Water Ltd for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the director of Mudd & Water Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mudd & Water Ltd and state those matters that we have agreed to state to the director of Mudd & Water Ltd in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Mudd & Water Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mudd & Water Ltd. You consider that Mudd & Water Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mudd & Water Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

As set out in note 2, these accounts have been prepared on a going concern basis, based on the continued support of the company's directors and creditors.






Simpson Accountancy
Unit 6 Cherrytree Farm
Blackmore End Road
Sible Hedingham
Essex
C09 3LZ


20 December 2023