| The Mountain Trekking Company Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of The Mountain Trekking Company Limited for the year ended 31 December 2014 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of The Mountain Trekking Company Limited for the year ended 31 December 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of The Mountain Trekking Company Limited, as a body, in accordance with the terms of our engagement letter dated 16 September 2013. Our work has been undertaken solely to prepare for your approval the accounts of The Mountain Trekking Company Limited and state those matters that we have agreed to state to the Board of Directors of The Mountain Trekking Company Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Mountain Trekking Company Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that The Mountain Trekking Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Mountain Trekking Company Limited. You consider that The Mountain Trekking Company Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of The Mountain Trekking Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| Willington Green Limited |
| Chartered Accountants |
| Bramleys |
| Malton Road |
| Orwell |
| Royston |
| SG8 5QR |
|
| 2 February 2015 |
|
| The Mountain Trekking Company Limited |
| Registered number: |
05309471 |
| Abbreviated Balance Sheet |
| as at 31 December 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
7,180 |
|
|
8,296 |
|
| Current assets |
| Debtors |
|
|
11,584 |
|
|
6,168 |
| Cash at bank and in hand |
|
|
162,628 |
|
|
138,756 |
|
|
|
174,212 |
|
|
144,924 |
|
| Creditors: amounts falling due within one year |
|
|
(25,378) |
|
|
(32,627) |
|
| Net current assets |
|
|
|
148,834 |
|
|
112,297 |
|
| Net assets |
|
|
|
156,014 |
|
|
120,593 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
20,000 |
|
|
1 |
| Profit and loss account |
|
|
|
136,014 |
|
|
120,592 |
|
| Shareholder's funds |
|
|
|
156,014 |
|
|
120,593 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Roland Hunter |
| Director |
| Approved by the board on 2 February 2015 |
|
| The Mountain Trekking Company Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods and services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Trekking equipment |
33% straight line |
|
Office equipment, fixtures and fittings |
33% straight line |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2014 |
45,482 |
|
Additions |
3,262 |
|
At 31 December 2014 |
48,744 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2014 |
37,186 |
|
Charge for the year |
4,378 |
|
At 31 December 2014 |
41,564 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2014 |
7,180 |
|
At 31 December 2013 |
8,296 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
20,000 |
|
20,000 |
|
1 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
£1 each |
|
19,999 |
|
19,999 |
|
|
|
|
|
|
|
