Mutiny Brands and Services Ltd 14702218 false 2023-03-03 2024-03-31 2024-03-31 The principal activity of the company is Other food services Digita Accounts Production Advanced 6.30.9574.0 true 14702218 2023-03-03 2024-03-31 14702218 2024-03-31 14702218 core:CurrentFinancialInstruments 2024-03-31 14702218 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14702218 bus:SmallEntities 2023-03-03 2024-03-31 14702218 bus:AuditExemptWithAccountantsReport 2023-03-03 2024-03-31 14702218 bus:AbridgedAccounts 2023-03-03 2024-03-31 14702218 bus:SmallCompaniesRegimeForAccounts 2023-03-03 2024-03-31 14702218 bus:RegisteredOffice 2023-03-03 2024-03-31 14702218 bus:Director1 2023-03-03 2024-03-31 14702218 bus:Director2 2023-03-03 2024-03-31 14702218 bus:PrivateLimitedCompanyLtd 2023-03-03 2024-03-31 14702218 countries:England 2023-03-03 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 14702218

Mutiny Brands and Services Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Period from 3 March 2023 to 31 March 2024

 

Mutiny Brands and Services Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Mutiny Brands and Services Ltd

Company Information

Directors

Mr Robert Thomas George

Miss Charlotte Jane Kent

Registered office

Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

Accountants

Onyx Accountants Limited
Chartered Management Accountants
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

 

Mutiny Brands and Services Ltd

(Registration number: 14702218)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Debtors

4

32,779

Cash at bank and in hand

 

12,564

 

45,343

Prepayments and accrued income

 

887

Creditors: Amounts falling due within one year

(51,332)

Net liabilities

 

(5,102)

Capital and reserves

 

Called up share capital

104

Retained earnings

(5,206)

Shareholders' deficit

 

(5,102)

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2024 and signed on its behalf by:
 

.........................................
Mr Robert Thomas George
Director

 

Mutiny Brands and Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 3 March 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU
England

These financial statements were authorised for issue by the Board on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Mutiny Brands and Services Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 3 March 2023 to 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

4

Debtors

Debtors includes £Nil due after more than one year.