Company Registration No. 04118582 (England and Wales)
MUSTOE & SONS LIMITED
Unaudited accounts
for the year ended 31 December 2024
MUSTOE & SONS LIMITED
Unaudited accounts
Contents
MUSTOE & SONS LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
25,151
29,232
Investments
1,368,417
1,285,417
Cash at bank and in hand
519,827
329,389
Creditors: amounts falling due within one year
(314,120)
(433,051)
Net current assets
523,281
565,086
Total assets less current liabilities
1,916,849
1,879,735
Creditors: amounts falling due after more than one year
(15,449)
(17,298)
Provisions for liabilities
Deferred tax
(8,328)
(7,308)
Net assets
1,893,072
1,855,129
Called up share capital
104
104
Profit and loss account
1,892,968
1,855,025
Shareholders' funds
1,893,072
1,855,129
For the year ending 31 December 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by
Nicholas Ian MUSTOE
Director
Company Registration No. 04118582
MUSTOE & SONS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
MUSTOE & SONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04118582. The registered office is 14 Hurricane Close, Upper Rissington, Cheltenham, Gloucestershire, GL54 2SD, England.
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 remained unchanged from the previous year, and also 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.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
14,958
57,834
7,229
80,021
Additions
-
19,995
-
19,995
Disposals
-
(20,910)
-
(20,910)
At 31 December 2024
14,958
56,919
7,229
79,106
At 1 January 2024
14,914
28,984
6,891
50,789
Charge for the year
16
8,291
87
8,394
Surplus on revaluation
-
(5,228)
-
(5,228)
At 31 December 2024
14,930
32,047
6,978
53,955
At 31 December 2024
28
24,872
251
25,151
At 31 December 2023
44
28,850
338
29,232
MUSTOE & SONS LIMITED
Notes to the Accounts
for the year ended 31 December 2024
5
Investments
Other investments
Valuation at 1 January 2024
1,285,417
Valuation at 31 December 2024
1,368,417
Amounts falling due within one year
Trade debtors
317,274
668,448
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
10,137
10,135
Trade creditors
4,549
21,477
Taxes and social security
121,139
191,302
Loans from directors
59,962
9,897
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
15,449
17,298
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).