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REGISTERED NUMBER: 14131046 (England and Wales)















Unaudited Financial Statements

for the Period 25th May 2022 to 31st May 2023

for

Mutt & Co UK Ltd

Mutt & Co UK Ltd (Registered number: 14131046)






Contents of the Financial Statements
for the Period 25th May 2022 to 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mutt & Co UK Ltd

Company Information
for the Period 25th May 2022 to 31st May 2023







DIRECTORS: J A Kinge
A J Kinge





REGISTERED OFFICE: May Cottage
Ashfield Road
Norton
Bury St Edmunds
Suffolk
IP31 3NF





REGISTERED NUMBER: 14131046 (England and Wales)





ACCOUNTANTS: Integrity Tax & Accountancy Solutions Ltd
May Cottage
Ashfield Road
Norton
Bury St Edmunds
Suffolk
IP31 3NF

Mutt & Co UK Ltd (Registered number: 14131046)

Balance Sheet
31st May 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 64,844

CURRENT ASSETS
Stocks 36,485
Debtors 5 31,297
Cash at bank and in hand 9,694
77,476
CREDITORS
Amounts falling due within one year 6 151,809
NET CURRENT LIABILITIES (74,333 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,489

)

CREDITORS
Amounts falling due after more than one year 7 (18,882 )

PROVISIONS FOR LIABILITIES (9,379 )
NET LIABILITIES (37,750 )

CAPITAL AND RESERVES
Called up share capital 200
Retained earnings (37,950 )
(37,750 )

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

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

Mutt & Co UK Ltd (Registered number: 14131046)

Balance Sheet - continued
31st May 2023


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 19th February 2024 and were signed on its behalf by:





J A Kinge - Director


Mutt & Co UK Ltd (Registered number: 14131046)

Notes to the Financial Statements
for the Period 25th May 2022 to 31st May 2023

1. STATUTORY INFORMATION

Mutt & Co UK 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.

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

Mutt & Co UK Ltd (Registered number: 14131046)

Notes to the Financial Statements - continued
for the Period 25th May 2022 to 31st May 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset and the net amounts presented in the financial statements where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.


Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.

Taxation
Taxation for the period 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.


Mutt & Co UK Ltd (Registered number: 14131046)

Notes to the Financial Statements - continued
for the Period 25th May 2022 to 31st May 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and Computer
leasehold property machinery equipment Totals
£    £    £    £    £   
COST
Additions - 28,304 38,796 2,108 69,208
At 31st May 2023 - 28,304 38,796 2,108 69,208
DEPRECIATION
Charge for period 1,011 - 3,089 264 4,364
At 31st May 2023 1,011 - 3,089 264 4,364
NET BOOK VALUE
At 31st May 2023 (1,011 ) 28,304 35,707 1,844 64,844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 31,297

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts (see note 8) 11,925
Trade creditors 6,446
Taxation and social security 773
Other creditors 132,665
151,809

Mutt & Co UK Ltd (Registered number: 14131046)

Notes to the Financial Statements - continued
for the Period 25th May 2022 to 31st May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts (see note 8) 18,882

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire
purchase
contracts
£   
Net obligations repayable:
Within one year 11,925
Between one and five years 18,882
30,807

Non-cancellable operating leases
£   
Within one year 30,667
Between one and five years 129,333
160,000