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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
Page
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Mustard Navy Ltd Company Information for the period from 14 February 2024 to 31 May 2025
Director
Thomas Essl
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
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Mustard Navy Ltd Statement of financial position as at 31 May 2025
2025 
Notes
£ 
Fixed assets
Tangible assets
3,881 
Current assets
Debtors
46,918 
Cash at bank and in hand
111,761 
158,679 
Creditors: amounts falling due within one year
(68,357)
Net current assets
90,322 
Total assets less current liabilities
94,203 
Provisions for liabilities
Deferred tax
(970)
Net assets
93,233 
Capital and reserves
Called up share capital
1 
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
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Mustard Navy Ltd Notes to the Accounts for the period from 14 February 2024 to 31 May 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Foreign exchange
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.
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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 14 February 2024
- 
- 
- 
Additions
208 
4,672 
4,880 
At 31 May 2025
208 
4,672 
4,880 
Depreciation
Charge for the period
39 
960 
999 
At 31 May 2025
39 
960 
999 
Net book value
At 31 May 2025
169 
3,712 
3,881 
5
Debtors
2025 
£ 
Amounts falling due within one year
Trade debtors
41,577 
Accrued income and prepayments
273 
Other debtors
5,068 
46,918 
6
Creditors: amounts falling due within one year
2025 
£ 
VAT
10,589 
Trade creditors
256 
Taxes and social security
57,512 
68,357 
7
Average number of employees
During the period the average number of employees was 1.
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