Mustang Maniac Limited


Director	Longmore, Adam Kenneth


Registered Address	Unit 2 Station Road
	Braughing
	Ware
	SG11 2PB


Registered Number	06778585 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	30 Jun 2025		31 Dec 2023
		£	£	£	£
Fixed assets
Tangible assets	3		651		868
			651		868
Current assets
Stocks	4	-		83,500
Debtors		309,751		95,392
Cash at bank and on hand		22,137		61,603
		331,888		240,495
Creditors amounts falling due within one year	5	(47,710)		(23,986)
Net current assets (liabilities)			284,178		216,509
Total assets less current liabilities			284,829		217,377
Provisions for liabilities	6		(165)		(165)
Net assets			284,664		217,212
Capital and reserves
Called up share capital			1		1
Profit and loss account			284,663		217,211
Shareholders' funds			284,664		217,212

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 9 July 2026, and are signed on its behalf by:

Longmore, Adam Kenneth
Director
Registered Company No. 06778585

Mustang Maniac Limited

Notes to the Financial Statements
for the period ended 30 June 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. The presentation currency of the financial statements is the Pound Sterling (£).

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents sales of services net of VAT and trade discounts. Turnover is recognised when the services are provided to the customer.

	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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2023
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 January 24	5,654	5,654
At 30 June 25	5,654	5,654
Depreciation and impairment
At 01 January 24	4,786	4,786
Charge for year	217	217
At 30 June 25	5,003	5,003
Net book value
At 30 June 25	651	651
At 31 December 23	868	868

4.	Stocks

	2025	2023
	£	£
Other stocks	-	83,500
Total	-	83,500

5.	Creditors: amounts due within one year

	2025	2023
	£	£
Amounts owed to related parties	25,488	-
Taxation and social security	20,222	18,586
Other creditors	-	3,400
Accrued liabilities and deferred income	2,000	2,000
Total	47,710	23,986

6.	Provisions for liabilities

	2025	2023
	£	£
Net deferred tax liability (asset)	165	165
Total	165	165