The Mounts Partnership Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06371704 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

THE MOUNTS PARTNERSHIP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr S S Dale

Dr S N Mirza

Mr T R Nawaz

Mrs S Nawaz

Dr J A G D Raphael

Dr S Sadek

Dr A Saeed

Dr A Shurrab

Dr A J Williams

SECRETARY:

Mr S S Dale

REGISTERED OFFICE:

6 Knowle Green

Dore

Sheffield

S17 3AP

REGISTERED NUMBER:

06371704 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

51 Clarkegrove Road

Sheffield

South Yorkshire

S10 2NH

FIXED ASSETS

Tangible assets

2

1,098

1,343

CURRENT ASSETS

Stocks

61,488

59,019

Debtors

355,120

299,051

Cash at bank and in hand

39,101

208,527

455,709

566,597

CREDITORS

Amounts falling due within one year

354,641

349,992

NET CURRENT ASSETS

101,068

216,605

TOTAL ASSETS LESS CURRENT LIABILITIES

102,166

217,948

CAPITAL AND RESERVES

Called up share capital

3

70

70

Profit and loss account

102,096

217,878

SHAREHOLDERS' FUNDS

102,166

217,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7 December 2014 and were signed on its behalf by:

Mr T R Nawaz - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

26,497

Additions

726

At 31 August 2014

27,223

DEPRECIATION

At 1 September 2013

25,154

Charge for year

971

At 31 August 2014

26,125

NET BOOK VALUE

At 31 August 2014

1,098

At 31 August 2013

1,343

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

70

Ordinary

£1

70

70