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Company Registration No. 04118582 (England and Wales)
MUSTOE & SONS LIMITED Unaudited accounts for the year ended 31 December 2023
MUSTOE & SONS LIMITED Unaudited accounts Contents
Page
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MUSTOE & SONS LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,232 
23,009 
Investments
1,285,417 
1,171,417 
1,314,649 
1,194,426 
Current assets
Inventories
300 
19,550 
Debtors
668,448 
232,917 
Cash at bank and in hand
329,389 
571,023 
998,137 
823,490 
Creditors: amounts falling due within one year
(433,051)
(397,450)
Net current assets
565,086 
426,040 
Total assets less current liabilities
1,879,735 
1,620,466 
Creditors: amounts falling due after more than one year
(17,298)
(16,158)
Provisions for liabilities
Deferred tax
(7,308)
(4,372)
Net assets
1,855,129 
1,599,936 
Capital and reserves
Called up share capital
104 
104 
Profit and loss account
1,855,025 
1,599,832 
Shareholders' funds
1,855,129 
1,599,936 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
Nicholas Ian MUSTOE Director Company Registration No. 04118582
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MUSTOE & SONS LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
MUSTOE & SONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04118582. The registered office is 14 Hurricane Close, Upper Rissington, Cheltenham, Gloucestershire, GL54 2SD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
14,958 
48,632 
7,229 
70,819 
Additions
- 
20,910 
- 
20,910 
Disposals
- 
(11,708)
- 
(11,708)
At 31 December 2023
14,958 
57,834 
7,229 
80,021 
Depreciation
At 1 January 2023
14,897 
26,135 
6,778 
47,810 
Charge for the year
17 
9,618 
113 
9,748 
On disposals
- 
(6,769)
- 
(6,769)
At 31 December 2023
14,914 
28,984 
6,891 
50,789 
Net book value
At 31 December 2023
44 
28,850 
338 
29,232 
At 31 December 2022
61 
22,497 
451 
23,009 
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MUSTOE & SONS LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
1,171,417 
Additions
183,000 
Disposals
(69,000)
Valuation at 31 December 2023
1,285,417 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
668,448 
232,417 
Other debtors
- 
500 
668,448 
232,917 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
195,185 
90,602 
Obligations under finance leases and hire purchase contracts
10,135 
8,655 
Trade creditors
21,477 
55,388 
Taxes and social security
191,302 
170,495 
Loans from directors
9,897 
67,450 
Accruals
5,055 
4,860 
433,051 
397,450 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
17,298 
16,158 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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