Company Registration No. 15490780 (England and Wales)
Mustard Navy Ltd
Unaudited accounts
for the year ended 31 May 2026
Mustard Navy Ltd
Unaudited accounts
Contents
Mustard Navy Ltd
Company Information
for the year ended 31 May 2026
Company Number
15490780 (England and Wales)
Registered Office
3rd Floor 86-90 Paul Street
London
EC2A 4NE
United Kingdom
Accountants
Adams O'Rourke Accountants Ltd
436 Woolton Road
Liverpool
L25 6JQ
Mustard Navy Ltd
Statement of financial position
as at 31 May 2026
Tangible assets
5,648
3,881
Cash at bank and in hand
288,327
111,761
Creditors: amounts falling due within one year
(120,756)
(68,357)
Net current assets
240,711
90,322
Total assets less current liabilities
246,359
94,203
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
244,946
93,232
Shareholders' funds
244,947
93,233
For the year ending 31 May 2026 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2026 and were signed on its behalf by
Thomas Essl
Director
Company Registration No. 15490780
Mustard Navy Ltd
Notes to the Accounts
for the year ended 31 May 2026
Mustard Navy Ltd is a private company, limited by shares, registered in England and Wales, registration number 15490780. The registered office is 3rd Floor 86-90 Paul Street, London, EC2A 4NE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents amounts receivable for design and consultancy services, net of VAT. Services charged at a day rate are recognised as the work is performed. Fixed-fee projects are recognised by reference to the stage of completion. Work performed but not invoiced at the year end is included in accrued income.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Effective life - 4 Years
Computer equipment
Effective life - 3 Years
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 accounts. 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.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are recognised in the profit and loss account.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Mustard Navy Ltd
Notes to the Accounts
for the year ended 31 May 2026
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2025
208
4,672
4,880
Disposals
-
(1,415)
(1,415)
At 31 May 2026
208
8,820
9,028
Charge for the year
52
2,604
2,656
At 31 May 2026
91
3,289
3,380
At 31 May 2026
117
5,531
5,648
At 31 May 2025
169
3,712
3,881
Amounts falling due within one year
Trade debtors
59,100
41,577
Accrued income and prepayments
870
273
Other debtors
13,170
5,068
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
95,908
57,512
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured, interest free loan, no fixed terms of repayment
5,068
14,795
13,173
6,690
5,068
14,795
13,173
6,690
At the balance sheet date the director owed the company £6,690 (2025: £5,068). The loan is unsecured, interest free, and repayable on demand.
Mustard Navy Ltd
Notes to the Accounts
for the year ended 31 May 2026
8
Transactions with related parties
During the year the company made interest-free advances of £14,795 to the company's director and sole shareholder, and received repayments of £13,173. At 31 May 2026 the director owed the company £6,690 (2025: £5,068).
The loan is unsecured, interest free, and repayable on demand. Further details are given in note 7 Loans to directors.
9
Average number of employees
During the year the average number of employees was 2 (2025: 1).