Company No: 14661670 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.07.2025		31.07.2024
		£		£
Fixed assets
Intangible assets	3	3,168		3,068
Tangible assets	4	124,957		87,081
		128,125		90,149
Current assets
Stocks		659,712		499,873
Debtors	5	1,377,044		968,844
Cash at bank and in hand		766,560		455,286
		2,803,316		1,924,003
Creditors: amounts falling due within one year	6	( 2,563,322)		( 2,067,162)
Net current assets/(liabilities)		239,994		(143,159)
Total assets less current liabilities		368,119		(53,010)
Net assets/(liabilities)		368,119		( 53,010)
Capital and reserves
Called-up share capital	7	125		100
Share premium account		6,650		0
Profit and loss account		361,344		( 53,110 )
Total shareholders' funds/(deficit)		368,119		( 53,010)

For the financial year ending 31 July 2025 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Muick Sandy Ltd (registered number: 14661670) were approved and authorised for issue by the Board of Directors on 29 August 2025. They were signed on its behalf by:

R Towler Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Muick Sandy Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 Temple Back, Bristol, BS1 6FL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The current financial period covers 12 months ended 31 July 2025. The comparative figures are for the initial 18 months of trading ended 31st July 2024, as this was the first period of trading for the Company. As a result, the amounts presented in the financial statements are not entirely comparable between the two periods.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 10 years which is their estimated useful economic life. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Leasehold improvements	10 % reducing balance
Office equipment	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	Year ended 31.07.2025		Period from 14.07.2023 to 31.07.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	42		15

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 August 2024	3,120		3,120
Additions	450		450
At 31 July 2025	3,570		3,570
Accumulated amortisation
At 01 August 2024	52		52
Charge for the financial year	350		350
At 31 July 2025	402		402
Net book value
At 31 July 2025	3,168		3,168
At 31 July 2024	3,068		3,068

4. Tangible assets

	Leasehold improve- ments		Office equipment		Computer equipment		Total
	£		£		£		£
Cost
At 01 August 2024	24,319		22,059		53,114		99,492
Additions	34,765		3,584		22,155		60,504
At 31 July 2025	59,084		25,643		75,269		159,996
Accumulated depreciation
At 01 August 2024	1,083		3,221		8,107		12,411
Charge for the financial year	4,293		5,185		13,150		22,628
At 31 July 2025	5,376		8,406		21,257		35,039
Net book value
At 31 July 2025	53,708		17,237		54,012		124,957
At 31 July 2024	23,236		18,838		45,007		87,081

5. Debtors

	31.07.2025		31.07.2024
	£		£
Trade debtors	696,648		677,182
Amounts owed by directors	5,377		0
Prepayments	84,314		94,607
Deferred tax asset	0		9,503
VAT recoverable	410,841		156,998
Other debtors	179,864		30,554
	1,377,044		968,844

6. Creditors: amounts falling due within one year

	31.07.2025		31.07.2024
	£		£
Bank overdrafts	21,788		44,457
Trade creditors	785,643		963,065
Amounts owed to directors	0		9,821
Accruals and deferred income	1,508,469		983,669
Deferred tax liability	33,342		0
Taxation and social security	166,834		35,579
Other creditors	47,246		30,571
	2,563,322		2,067,162

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	31.07.2025		31.07.2024
	£		£
Allotted, called-up and fully-paid
12,500 Ordinary shares of £ 0.01 each (31.07.2024: 10,000 shares of £ 0.01 each)	125		100

During the year, an additional 2,500 £0.01 ordinary shares were issued.

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	31.07.2025		31.07.2024
	£		£
within one year	104,500		80,000
between one and five years	84,917		161,838
	189,417		241,838

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	31.07.2025		31.07.2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	9,166		6,303

9. Related party transactions

Transactions with the entity's directors

	31.07.2025		31.07.2024
	£		£
Amounts owed (from)/to directors	(5,377)		9,821

At the end of the accounting period, the amounts owed from directors was £5,377 (2024: amounts owed to directors was £9,821). This loan has interest charged at 2.25% per annum and is repayable on demand.