MOUNTELM_LIMITED - Accounts

MOUNTELM LIMITED - Company Information

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Company Registration No. 01195569 (England and Wales)

MOUNTELM LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

31 JULY 2014

MOUNTELM LIMITED

ABBREVIATED BALANCE SHEET

AS AT 31 JULY 2014

- 1 -

2014

2013

Notes

Current assets

Stocks

241,368

176,732

Debtors

206,467

285,415

Cash at bank and in hand

109,145

106,387

556,980

568,534

Creditors: amounts falling due within one year

(369,512)

(351,751)

Total assets less current liabilities

187,468

216,783

Capital and reserves

Called up share capital

25,000

Profit and loss account

162,468

191,783

Shareholders' funds

187,468

216,783

For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 April 2015

R M Liddle

Director

Company Registration No. 01195569

MOUNTELM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

Share capital

2014

2013

Allotted, called up and fully paid

25,000 Ordinary of £1 each

25,000

Ultimate parent company

The ultimate parent company is Chestnut Group Limited, a company registered in England and Wales.