| Registered Number:06600649 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Mustard Foods Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Mustard Foods Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
243,147
294,350
2
243,147
294,350
382,928
262,828
3
| Trade and other receivables |
904,312
816,001
4
483,156
| Cash and cash equivalents |
348,135
1,426,964
1,770,396
| Trade and other payables: amounts falling due within one |
| year |
(509,836)
(300,267)
5
1,260,560
1,126,697
Net current assets
| Total assets less current liabilities |
1,369,844
1,554,910
| Trade and other payables: amounts falling due after more |
| than one year |
(57,292)
-
6
1,369,844
Net assets
1,497,618
90
90
1,369,744
1,497,518
10
10
1,369,844
1,497,618
Shareholders' funds
| For the year ended 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
| each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
| 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
| statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 01 September 2025 and were signed by: |
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For the year ended 31 December 2024
Mustard Foods Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Mustard Foods Limited
Notes to the Financial Statements
Statutory Information
| Mustard Foods Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 06600649. |
38 Weir Road
London
SW19 8UG
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
| Over Lease Period Straight line |
Plant and machinery
| 6.67% & 20% Straight line |
Computer equipment
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Foreign currencies
| 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 rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 December 2024
Mustard Foods Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
1,534,096
43,305
1,284,414
206,377
4,160
1,115
3,045
-
206,377
1,287,459
44,420
1,538,256
| Provision for depreciation and impairment |
1,239,746
38,714
1,136,769
64,263
Charge for year
55,363
2,752
32,309
20,302
1,295,109
41,466
1,169,078
84,565
121,812
118,381
2,954
243,147
142,114
147,645
4,591
294,350
2023
2024
262,828
382,928
| 4. Trade and other receivables |
2023
2024
649,933
703,399
166,068
200,913
904,312
816,001
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
57,292
62,500
187,282
334,169
| Taxation and social security |
29,835
42,739
25,858
70,428
300,267
509,836
| The bank loan is unsecured and was granted under the coronavirus business interruption loan scheme. The loan is repayable in full by the end of November 2025. It was interest free for the first 12 months and thereafter incurred interest at 1.69% above bank base rate. |
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For the year ended 31 December 2024
Mustard Foods Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
-
57,292
| At the year end the company had continuing non cancellable lease obligations amounting to £530,103 (2023 (£833,019). |
| 7. Related party transactions |
| Until the end of October the company rented one of its trading premises from GEE Properties Limited a UK |
| incorporated company under common control and ownership amounting to £51,938 (2023 - £61,351). At the end of |
| the year there was no outstanding balane due by the company to GEE Properties Limited (2023 - £18,405). |
| 8. Directors advances and guarantees |
Repaid
G B Woodin
| Debt relating to purchase of company products |
-
208
208
-
208
208
J E Robins
| Unsecured loan with no fixed repayment terms or interest |
-
91
91
-
91
91
J Durrant
| Unsecured loan with no fixed repayment terms |
-
70
70
-
70
70
| 9. Average number of persons employed |
During the year the average number of employees was 36 (2023 : 43)
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