2 2 Mud Orange Ltd 12225910 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of advertising Digita Accounts Production Advanced 6.30.9574.0 true 12225910 2023-10-01 2024-09-30 12225910 2024-09-30 12225910 core:CurrentFinancialInstruments 2024-09-30 12225910 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12225910 core:Non-currentFinancialInstruments 2024-09-30 12225910 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 12225910 core:FurnitureFittingsToolsEquipment 2024-09-30 12225910 bus:SmallEntities 2023-10-01 2024-09-30 12225910 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12225910 bus:FilletedAccounts 2023-10-01 2024-09-30 12225910 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12225910 bus:RegisteredOffice 2023-10-01 2024-09-30 12225910 bus:Director1 2023-10-01 2024-09-30 12225910 bus:Director2 2023-10-01 2024-09-30 12225910 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12225910 bus:Agent1 2023-10-01 2024-09-30 12225910 core:ComputerEquipment 2023-10-01 2024-09-30 12225910 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 12225910 countries:EnglandWales 2023-10-01 2024-09-30 12225910 2023-09-30 12225910 core:FurnitureFittingsToolsEquipment 2023-09-30 12225910 2022-10-01 2023-09-30 12225910 2023-09-30 12225910 core:CurrentFinancialInstruments 2023-09-30 12225910 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 12225910 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-09-30 12225910 core:Non-currentFinancialInstruments 2023-09-30 12225910 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 12225910 core:FurnitureFittingsToolsEquipment 2023-09-30 12225910 core:PreviouslyStatedAmount 2023-09-30 xbrli:pure iso4217:GBP

Registration number: 12225910

Mud Orange Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Mud Orange Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Mud Orange Ltd

Company Information

Directors

Mr A Miah

Mr A Uddin

Registered office

Office
31
Cattle Market Street
Norwich
Norfolk
NR1 3DY

Accountants

Perk Accounting Limited Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

 

Mud Orange Ltd

(Registration number: 12225910)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,175

4,734

Current assets

 

Stocks

5

-

4,725

Debtors

6

1,148

1,131

Cash at bank and in hand

 

79,233

211,155

 

80,381

217,011

Creditors: Amounts falling due within one year

7

(30,602)

(76,278)

Net current assets

 

49,779

140,733

Total assets less current liabilities

 

53,954

145,467

Creditors: Amounts falling due after more than one year

7

(3,640)

(35,794)

Provisions for liabilities

(1,044)

(1,106)

Net assets

 

49,270

108,567

Capital and reserves

 

Called up share capital

2

2

Retained earnings

49,268

108,565

Shareholders' funds

 

49,270

108,567

For the financial year ending 30 September 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 year 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 and 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 17 March 2025 and signed on its behalf by:
 

.........................................
Mr A Miah
Director

.........................................
Mr A Uddin
Director

 
     
 

Mud Orange Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
Office
31
Cattle Market Street
Norwich
Norfolk
NR1 3DY
England

The principal place of business is:
8 Devonshire Square
London
EC2M 4PL

These financial statements were authorised for issue by the Board on 17 March 2025.

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 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 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Mud Orange Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equiment

20% reducing balance

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.

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.

 

Mud Orange Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Mud Orange Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

5,214

5,214

Additions

570

570

At 30 September 2024

5,784

5,784

Depreciation

At 1 October 2023

480

480

Charge for the year

1,129

1,129

At 30 September 2024

1,609

1,609

Carrying amount

At 30 September 2024

4,175

4,175

At 30 September 2023

4,734

4,734

5

Stocks

2024
£

2023
£

Work in progress

-

4,725

6

Debtors

Current

2024
£

2023
£

Prepayments

1,147

1,131

Other debtors

1

-

 

1,148

1,131

 

Mud Orange Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

5,460

13,755

Trade creditors

 

-

4,800

Taxation and social security

 

4,534

36,581

Accruals and deferred income

 

2,200

2,200

Other creditors

 

18,408

18,942

 

30,602

76,278

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

3,640

35,794

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

3,640

35,794

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,460

13,755