MUDDY DUCK PROJECTS LTD


Director	LYN-JONES, Sian


Registered Address	200 Unit 2, 47a Wycliffe Road
	Northampton
	NN1 5JF


Registered Number	09549273 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		2,971		4,896
			2,971		4,896
Current assets
Debtors	4	-		1,900
Cash at bank and on hand		1,863		35,658
		1,863		37,558
Creditors amounts falling due within one year	5	(4,395)		(23,330)
Net current assets (liabilities)			(2,532)		14,228
Total assets less current liabilities			439		19,124
Creditors amounts falling due after one year	6		-		(1,405)
Net assets			439		17,719
Capital and reserves
Called up share capital			100		100
Profit and loss account			339		17,619
Shareholders' funds			439		17,719

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 2 December 2025, and are signed on its behalf by:

LYN-JONES, Sian
Director
Registered Company No. 09549273

MUDDY DUCK PROJECTS LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Office Equipment	-	3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	2,306	9,203	11,509
At 31 March 25	2,306	9,203	11,509
Depreciation and impairment
At 01 April 24	1,804	4,809	6,613
Charge for year	124	1,801	1,925
At 31 March 25	1,928	6,610	8,538
Net book value
At 31 March 25	378	2,593	2,971
At 31 March 24	502	4,394	4,896

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	-	1,900
Total	-	1,900

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,407	1,201
Taxation and social security	980	18,120
Other creditors	2,008	3,860
Accrued liabilities and deferred income	-	149
Total	4,395	23,330

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	1,405
Total	-	1,405

7.	Related party transactions
	At the balance sheet date the Director, S Lyn-Jones was owed £2,007 (2024 - £3,860) by the company. This loan is interest free and repayable on demand.