IRIS Accounts Production v24.2.0.383 12352693 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123526932022-12-31123526932023-12-31123526932023-01-012023-12-31123526932021-12-31123526932022-01-012022-12-31123526932022-12-3112352693ns15:EnglandWales2023-01-012023-12-3112352693ns14:PoundSterling2023-01-012023-12-3112352693ns10:Director12023-01-012023-12-3112352693ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112352693ns10:SmallEntities2023-01-012023-12-3112352693ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112352693ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112352693ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112352693ns10:FullAccounts2023-01-012023-12-3112352693ns10:Director22023-01-012023-12-3112352693ns10:RegisteredOffice2023-01-012023-12-3112352693ns5:CurrentFinancialInstruments2023-12-3112352693ns5:CurrentFinancialInstruments2022-12-3112352693ns5:Non-currentFinancialInstruments2023-12-3112352693ns5:Non-currentFinancialInstruments2022-12-3112352693ns5:ShareCapital2023-12-3112352693ns5:ShareCapital2022-12-3112352693ns5:RetainedEarningsAccumulatedLosses2023-12-3112352693ns5:RetainedEarningsAccumulatedLosses2022-12-3112352693ns5:PlantMachinery2023-01-012023-12-3112352693ns5:FurnitureFittings2023-01-012023-12-3112352693ns5:MotorVehicles2023-01-012023-12-3112352693ns5:ComputerEquipment2023-01-012023-12-3112352693ns5:PlantMachinery2022-12-3112352693ns5:FurnitureFittings2022-12-3112352693ns5:MotorVehicles2022-12-3112352693ns5:ComputerEquipment2022-12-3112352693ns5:PlantMachinery2023-12-3112352693ns5:FurnitureFittings2023-12-3112352693ns5:MotorVehicles2023-12-3112352693ns5:ComputerEquipment2023-12-3112352693ns5:PlantMachinery2022-12-3112352693ns5:FurnitureFittings2022-12-3112352693ns5:MotorVehicles2022-12-3112352693ns5:ComputerEquipment2022-12-3112352693ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3112352693ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3112352693ns10:Director222022-12-3112352693ns10:Director222021-12-3112352693ns10:Director222023-01-012023-12-3112352693ns10:Director222022-01-012022-12-3112352693ns10:Director222023-12-3112352693ns10:Director222022-12-31
REGISTERED NUMBER: 12352693 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

Mudd Creative Ltd

Mudd Creative Ltd (Registered number: 12352693)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mudd Creative Ltd

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs S E Spaughton
N Spaughton





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP





REGISTERED NUMBER: 12352693 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Mudd Creative Ltd (Registered number: 12352693)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,012 15,144

CURRENT ASSETS
Stocks - 7,188
Debtors 5 9,354 29,736
Cash at bank 103 9,942
9,457 46,866
CREDITORS
Amounts falling due within one year 6 28,649 38,107
NET CURRENT (LIABILITIES)/ASSETS (19,192 ) 8,759
TOTAL ASSETS LESS CURRENT LIABILITIES 17,820 23,903

CREDITORS
Amounts falling due after more than one year 7 (11,333 ) (19,333 )

PROVISIONS FOR LIABILITIES (7,032 ) (2,877 )
NET (LIABILITIES)/ASSETS (545 ) 1,693

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (645 ) 1,593
(545 ) 1,693

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 16 September 2024 and were signed on its behalf by:





Mrs S E Spaughton - Director


Mudd Creative Ltd (Registered number: 12352693)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Mudd Creative 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 period comprises current tax, 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 timing differences which may have originated but not been reversed at the balance sheet date since the amounts are considered by the director to be material.

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 2 (2022 - 2 ) .

Mudd Creative Ltd (Registered number: 12352693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 20,086 839 - 592 21,517
Additions - - 32,999 183 33,182
At 31 December 2023 20,086 839 32,999 775 54,699
DEPRECIATION
At 1 January 2023 5,830 315 - 228 6,373
Charge for year 2,851 104 8,250 109 11,314
At 31 December 2023 8,681 419 8,250 337 17,687
NET BOOK VALUE
At 31 December 2023 11,405 420 24,749 438 37,012
At 31 December 2022 14,256 524 - 364 15,144

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 5,948 7,526
Other debtors 3,406 22,210
9,354 29,736

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 8,000 8,000
Payments on account - 6,624
Trade creditors 1 -
Taxation and social security 5,706 19,887
Other creditors 14,942 3,596
28,649 38,107

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 11,333 19,333

Mudd Creative Ltd (Registered number: 12352693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
N Spaughton
Balance outstanding at start of year 26,523 (153 )
Amounts advanced 65,185 64,676
Amounts repaid (105,000 ) (38,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,292 ) 26,523