IRIS Accounts Production v24.3.2.46 05333311 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053333112024-01-31053333112025-01-31053333112024-02-012025-01-31053333112023-01-31053333112023-02-012024-01-31053333112024-01-3105333311ns15:EnglandWales2024-02-012025-01-3105333311ns14:PoundSterling2024-02-012025-01-3105333311ns10:Director12024-02-012025-01-3105333311ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3105333311ns10:SmallEntities2024-02-012025-01-3105333311ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3105333311ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3105333311ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3105333311ns10:FullAccounts2024-02-012025-01-3105333311ns10:OrdinaryShareClass12024-02-012025-01-3105333311ns10:OrdinaryShareClass22024-02-012025-01-3105333311ns5:CurrentFinancialInstruments2025-01-3105333311ns5:CurrentFinancialInstruments2024-01-3105333311ns5:Non-currentFinancialInstruments2025-01-3105333311ns5:Non-currentFinancialInstruments2024-01-3105333311ns5:ShareCapital2025-01-3105333311ns5:ShareCapital2024-01-3105333311ns5:RetainedEarningsAccumulatedLosses2025-01-3105333311ns5:RetainedEarningsAccumulatedLosses2024-01-3105333311ns10:RegisteredOffice2024-02-012025-01-3105333311ns5:PlantMachinery2024-01-3105333311ns5:PlantMachinery2024-02-012025-01-3105333311ns5:PlantMachinery2025-01-3105333311ns5:PlantMachinery2024-01-3105333311ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3105333311ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3105333311ns10:OrdinaryShareClass12025-01-3105333311ns10:OrdinaryShareClass22025-01-31053333111ns10:Director12024-01-31053333111ns10:Director12023-01-31053333111ns10:Director12024-02-012025-01-31053333111ns10:Director12023-02-012024-01-31053333111ns10:Director12025-01-31053333111ns10:Director12024-01-31
REGISTERED NUMBER: 05333311 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

MULE INDUSTRY LIMITED

MULE INDUSTRY LIMITED (REGISTERED NUMBER: 05333311)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Balance Sheet 1

Notes to the Financial Statements 2


MULE INDUSTRY LIMITED (REGISTERED NUMBER: 05333311)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,153 6,067

CURRENT ASSETS
Debtors 5 2,736 10,080
Cash at bank 4 863
2,740 10,943
CREDITORS
Amounts falling due within one year 6 22,997 13,618
NET CURRENT LIABILITIES (20,257 ) (2,675 )
TOTAL ASSETS LESS CURRENT LIABILITIES (15,104 ) 3,392

CREDITORS
Amounts falling due after more than one year 7 (2,105 ) (8,023 )

PROVISIONS FOR LIABILITIES (1,288 ) (1,517 )
NET LIABILITIES (18,497 ) (6,148 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (18,499 ) (6,150 )
SHAREHOLDERS' FUNDS (18,497 ) (6,148 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:





Mr S Solo - Director


MULE INDUSTRY LIMITED (REGISTERED NUMBER: 05333311)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Mule Industry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05333311

Registered office: Ingram House
6 Meridian Way
Norwich
NR7 0TA

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.

At 31 January 2025, the company had net current liabilities of £20,257 and net liabilities of £18,497. The company relies on the continued support of its directors to meet its day to day working capital requirements. The directors have indicated their willingness to support the company as necessary for the foreseeable future.

The financial statements are presented in sterling, which is the functional currency of the company.

Turnover
Turnover is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under a contract. It is measured at the fair value of the right to consideration which represents amounts chargeable to the customer.

Turnover is generally recognised as contract activity progresses so that for incomplete contracts, it reflects the partial performance of contractual obligations. For such contracts, the amount of turnover reflects the accrual of the right to consideration by reference to the value of the work performed.

Turnover not billed to customers is included in other debtors. Invoices raised in excess of the fair value of services completed are included in other creditors.

Tangible assets
Tangible assets are recorded at cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Plant and machinery etc15% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
The charge for taxation is based on the results for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes. In accordance with the Financial Reporting Standard 102 1A, provision is made for deferred tax in respect of all timing differences that have originated but not reversed by the balance sheet date. Deferred tax assets are only recognised when it is more likely than not that the deferred tax asset will be recovered. Deferred tax is measured using rates of tax that have been enacted or substantially enacted by the balance sheet date. Deferred tax balances are not discounted.

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2024 - 2 ) .

MULE INDUSTRY LIMITED (REGISTERED NUMBER: 05333311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. TANGIBLE ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 18,820
DEPRECIATION
At 1 February 2024 12,753
Charge for year 914
At 31 January 2025 13,667
NET BOOK VALUE
At 31 January 2025 5,153
At 31 January 2024 6,067

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 2,736 10,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 5,911 5,969
Taxation and social security - 4,015
Other creditors 17,086 3,634
22,997 13,618

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 2,105 8,023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

MULE INDUSTRY LIMITED (REGISTERED NUMBER: 05333311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
Mr S Solo
Balance outstanding at start of year 10,080 15,957
Amounts advanced 4,005 47,603
Amounts repaid (29,547 ) (53,480 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (15,462 ) 10,080