ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 12386768

MUSTOE PROJECT SERVICES LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2026

MUSTOE PROJECT SERVICES LTD

REGISTERED NUMBER: 12386768

BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	11,033		24,424
Cash at bank and in hand	5	13,852		11,529
		24,885		35,953
Creditors: amounts falling due within one year	6	(103,137)		(81,133)
Net current liabilities			(78,252)		(45,181)
Total assets less current liabilities			(78,252)		(45,181)
Creditors: amounts falling due after more than one year	7		(5,552)		(11,336)

Net liabilities			(83,804)		(56,517)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(83,805)	(56,518)
	(83,804)	(56,517)

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MUSTOE PROJECT SERVICES LTD

REGISTERED NUMBER: 12386768

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M Mustoe

Director

Date: 20 October 2026

The notes on pages 3 to 6 form part of these financial statements.

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MUSTOE PROJECT SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

The company is a private limited company, limited by share capital, incorporated in England and Wales.

	Registered Number	12386768

	Registered Office	1 Blundell Avenue, Porthcawl Wales, CF36 3YY

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements are showing net current liabilities and net liabilities at the balance sheet date. The financial statements have been prepared on the going concern basis, this basis is deemed appropriate by the director due their ongoing support.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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MUSTOE PROJECT SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2025 - 1).

Debtors

					2026	2025
					£	£


Other debtors	11,033	24,424
	11,033	24,424

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MUSTOE PROJECT SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

5.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	13,852	11,529
	13,852	11,529

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank loans	6,912	9,665
Trade creditors	2,750	-
Corporation tax	-	8,643
Other taxation and social security	1,287	-
Other creditors	89,255	60,225
Accruals and deferred income	2,933	2,600
	103,137	81,133

7.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	5,552	11,336
	5,552	11,336

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MUSTOE PROJECT SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Amounts falling due within one year
Bank loans	6,912	9,665
	6,912	9,665
Amounts falling due 1-2 years
Bank loans	5,552	11,336
	5,552	11,336


	12,464	21,001

9.	Share capital
		2026	2025
		£	£

Allotted, called up and fully paid

1 (2025 - 1) Ordinary share of £1.00	1	1

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