REGISTERED NUMBER: 12352693 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

Mudd Creative Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S E Spaughton

N Spaughton

REGISTERED OFFICE:

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

REGISTERED NUMBER:

12352693 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Tangible assets

4

28,372

37,012

CURRENT ASSETS

Debtors

5

3,406

9,354

Cash at bank

7

103

3,413

9,457

CREDITORS

Amounts falling due within one year

6

58,031

28,649

NET CURRENT LIABILITIES

(54,618

)

(19,192

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(26,246

)

17,820

CREDITORS

Amounts falling due after more than one year

7

(3,829

)

(11,333

)

PROVISIONS FOR LIABILITIES

(5,391

)

(7,032

)

NET LIABILITIES

(35,466

)

(545

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(35,566

)

(645

)

(35,466

)

(545

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mrs S E Spaughton - Director

1.	STATUTORY INFORMATION

Mudd Creative Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Taxation

Taxation for the period comprises current tax, recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of timing differences which may have originated but not been reversed at the balance sheet date since the amounts are considered by the director to be material.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

20,086

839

32,999

775

54,699

DEPRECIATION

At 1 January 2024

8,681

419

8,250

337

17,687

Charge for year

2,281

84

6,187

88

8,640

At 31 December 2024

10,962

503

14,437

425

26,327

NET BOOK VALUE

At 31 December 2024

9,124

336

18,562

350

28,372

At 31 December 2023

11,405

420

24,749

438

37,012

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

5,948

Other debtors

3,406

3,406

3,406

9,354

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

8,000

8,000

Trade creditors

-

1

Taxation and social security

1,343

5,706

Other creditors

48,688

14,942

58,031

28,649

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

3,829

11,333