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Company Registration No. 02762958 (England and Wales)
Mustard Seed (Marlborough) Limited Unaudited accounts for the year ended 31 March 2024
Mustard Seed (Marlborough) Limited Unaudited accounts Contents
Page
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Mustard Seed (Marlborough) Limited Company Information for the year ended 31 March 2024
Directors
R Mann GK Pells PMB Tulloch RJ Wheeler SM Wylie
Company Number
02762958 (England and Wales)
Registered Office
1 Farrar Drive Marlborough Wiltshire SN8 1TP United Kingdom
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Mustard Seed (Marlborough) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,474 
1,211 
Current assets
Inventories
650 
877 
Cash at bank and in hand
4,376 
6,626 
5,026 
7,503 
Creditors: amounts falling due within one year
(4,399)
(4,522)
Net current assets
627 
2,981 
Net assets
2,101 
4,192 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
2,096 
4,187 
Shareholders' funds
2,101 
4,192 
For the year ending 31 March 2024 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 27 November 2024 and were signed on its behalf by
RJ Wheeler Director Company Registration No. 02762958
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Mustard Seed (Marlborough) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Mustard Seed (Marlborough) Limited is a private company, limited by shares, registered in England and Wales, registration number 02762958. The registered office is 1 Farrar Drive, Marlborough, Wiltshire, SN8 1TP, United Kingdom.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents amounts receivable for beverages and food served in the coffee shop.
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% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Stock
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
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Mustard Seed (Marlborough) Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
10,631 
Additions
868 
Disposals
(252)
At 31 March 2024
11,247 
Depreciation
At 1 April 2023
9,420 
Charge for the year
605 
On disposals
(252)
At 31 March 2024
9,773 
Net book value
At 31 March 2024
1,474 
At 31 March 2023
1,211 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
72 
125 
Amounts owed to group undertakings and other participating interests
3,931 
4,397 
Taxes and social security
318 
- 
Other creditors
78 
- 
4,399 
4,522 
The amount owed to group undertakings is the amount due to the connected charity Mustard Seed Trust (Marlborough).
6
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,500 
4,500 
7
Contingent liabilities
At 31 March 2024 the Company, together with its connected charity, was committed to making payments for premises as shown under the note for operating lease commitments. The lease requires 6 months notice of termination.
8
Transactions with related parties
The Company has covenanted to donate by gift aid all of its taxable profits to the connected charity Mustard Seed Trust (Marlborough). Mustard Seed Trust (Marlborough) is a Christian bookshop that occupies the same premises in Marlborough and with whom the Company rents the premises. Both companies are under the control of the directors who are listed in the Report of the Directors. In the year ended 31 March 2024 there was no taxable profit and so no donation was made.
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Mustard Seed (Marlborough) Limited Notes to the Accounts for the year ended 31 March 2024
9
Controlling party
The Company is connected to the charity Mustard Seed Trust (Marlborough). Both companies have the same directors and are under the control of the directors who are listed in the Report of the Directors.
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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