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REGISTERED NUMBER: 09023475 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

MUDTON LTD

MUDTON LTD (REGISTERED NUMBER: 09023475)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MUDTON LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P Mudzingwa





REGISTERED OFFICE: 3E Albert Square
London
SW8 1BU





REGISTERED NUMBER: 09023475 (England and Wales)





ACCOUNTANTS: Samuelsons & Co
Chartered Certified Accountants
The Brentano Suite
Solar House
915 High Road
North Finchley
London
N12 8QJ

MUDTON LTD (REGISTERED NUMBER: 09023475)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,840 3,044

CURRENT ASSETS
Cash at bank and in hand 1,004 12,313

CREDITORS
Amounts falling due within one year 5 2,142 4,942
NET CURRENT (LIABILITIES)/ASSETS (1,138 ) 7,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

702

10,415

CREDITORS
Amounts falling due after more than one
year

6

5,638

6,512
NET (LIABILITIES)/ASSETS (4,936 ) 3,903

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 (4,937 ) 3,902
SHAREHOLDERS' FUNDS (4,936 ) 3,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

MUDTON LTD (REGISTERED NUMBER: 09023475)

Balance Sheet - continued
31 March 2024


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 30 July 2024 and were signed by:





P Mudzingwa - Director


MUDTON LTD (REGISTERED NUMBER: 09023475)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Mudton 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MUDTON LTD (REGISTERED NUMBER: 09023475)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 515 5,600 6,115
Additions - 290 290
At 31 March 2024 515 5,890 6,405
DEPRECIATION
At 1 April 2023 477 2,594 3,071
Charge for year 14 1,480 1,494
At 31 March 2024 491 4,074 4,565
NET BOOK VALUE
At 31 March 2024 24 1,816 1,840
At 31 March 2023 38 3,006 3,044

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts 1,782 4,462
Accrued expenses 360 480
2,142 4,942

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bounce Back Loan 5,638 6,512

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

MUDTON LTD (REGISTERED NUMBER: 09023475)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. RESERVES
Retained
earnings
£   

At 1 April 2023 3,902
Deficit for the year (8,839 )
At 31 March 2024 (4,937 )