Registered number
08722006
MUSTARD MEDIA & MARKETING LTD
Filleted Accounts
31 October 2024
MUSTARD MEDIA & MARKETING LTD
Registered number: 08722006
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,061 11,750
Current assets
Debtors 4 220,028 291,773
Cash at bank and in hand 113,881 19,877
333,909 311,650
Creditors: amounts falling due within one year 5 (334,116) (387,933)
Net current liabilities (207) (76,283)
Total assets less current liabilities 10,854 (64,533)
Provisions for liabilities (2,102) (2,233)
Net assets/(liabilities) 8,752 (66,766)
Capital and reserves
Called up share capital 15 15
Profit and loss account 8,737 (66,781)
Shareholders' funds 8,752 (66,766)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Masterson
Director
Approved by the board on 9 December 2024
MUSTARD MEDIA & MARKETING LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer & Office Equipment 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 18
3 Tangible fixed assets
Computer & Office Equipment
£
Cost
At 1 November 2023 29,289
Additions 2,998
At 31 October 2024 32,287
Depreciation
At 1 November 2023 17,539
Charge for the year 3,687
At 31 October 2024 21,226
Net book value
At 31 October 2024 11,061
At 31 October 2023 11,750
4 Debtors 2024 2023
£ £
Trade debtors 113,238 133,103
Amounts owed by group undertakings and undertakings in which the company has a participating interest 103,090 47,101
Prepayments 3,700 111,569
220,028 291,773
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 80,000 133,333
Trade creditors 65,582 74,737
Amounts owed to group undertakings and undertakings in which the company has a participating interest 19,189 13,832
Taxation and social security costs 110,044 159,531
Accruals 59,301 5,500
Other creditors - 1,000
334,116 387,933
6 Controlling party
The company is ultimately controlled by Oliver Hackett Esq. Robert Masterson Esq. and Edward Norris Esq.
7 Other information
MUSTARD MEDIA & MARKETING LTD is a private company limited by shares and incorporated in England. Its registered office is:
Colony
One Silk Street
Ancoats
Manchester
M4 6LZ
MUSTARD MEDIA & MARKETING LTD 08722006 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts July 2024 R Masterson No description of principal activity 08722006 2022-11-01 2023-10-31 08722006 core:WithinOneYear 2023-10-31 08722006 core:ShareCapital 2023-10-31 08722006 core:RetainedEarningsAccumulatedLosses 2023-10-31 08722006 2023-11-01 2024-10-31 08722006 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08722006 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 08722006 bus:Director40 2023-11-01 2024-10-31 08722006 1 2023-11-01 2024-10-31 08722006 2 2023-11-01 2024-10-31 08722006 core:PlantMachinery 2023-11-01 2024-10-31 08722006 countries:England 2023-11-01 2024-10-31 08722006 bus:FRS102 2023-11-01 2024-10-31 08722006 bus:FilletedAccounts 2023-11-01 2024-10-31 08722006 2024-10-31 08722006 core:WithinOneYear 2024-10-31 08722006 core:ShareCapital 2024-10-31 08722006 core:RetainedEarningsAccumulatedLosses 2024-10-31 08722006 core:PlantMachinery 2024-10-31 08722006 2023-10-31 08722006 core:PlantMachinery 2023-10-31 iso4217:GBP xbrli:pure