Company Registration No. 15490780 (England and Wales)
Mustard Navy Ltd
Unaudited accounts
for the period from 14 February 2024 to 31 May 2025
Mustard Navy Ltd
Unaudited accounts
Contents
Mustard Navy Ltd
Company Information
for the period from 14 February 2024 to 31 May 2025
Company Number
15490780 (England and Wales)
Registered Office
3rd Floor 86-90 Paul Street
London
EC2A 4NE
United Kingdom
Accountants
Adams O'Rourke Accountants Ltd
436 Woolton Road
Liverpool
L25 6JQ
Mustard Navy Ltd
Statement of financial position
as at 31 May 2025
Cash at bank and in hand
111,761
Creditors: amounts falling due within one year
(68,357)
Total assets less current liabilities
94,203
Provisions for liabilities
Profit and loss account
93,232
Shareholders' funds
93,233
For the period ending 31 May 2025 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 director acknowledges his 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 and authorised for issue on 10 July 2025 and were signed on its behalf by
Thomas Essl
Director
Company Registration No. 15490780
Mustard Navy Ltd
Notes to the Accounts
for the period from 14 February 2024 to 31 May 2025
Mustard Navy Ltd is a private company, limited by shares, registered in England and Wales, registration number 15490780. The registered office and principal place of business is 3rd Floor 86-90 Paul Street, London, EC2A 4NE, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Fixtures & fittings
Effective life - 4 Years
Computer equipment
Effective life - 3 Years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Mustard Navy Ltd
Notes to the Accounts
for the period from 14 February 2024 to 31 May 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 May 2025
208
4,672
4,880
Charge for the period
39
960
999
At 31 May 2025
169
3,712
3,881
Amounts falling due within one year
Accrued income and prepayments
273
6
Creditors: amounts falling due within one year
2025
Taxes and social security
57,512
7
Average number of employees
During the period the average number of employees was 1.