Mountwest Achieve Limited - Accounts to registrar (filleted) - small 18.2

Mountwest Achieve Limited - Accounts to registrar (filleted) - small 18.2

MOUNTWEST ACHIEVE LIMITED - Company Information

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REGISTERED NUMBER: SC389348 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2019

for

MOUNTWEST ACHIEVE LIMITED
MOUNTWEST ACHIEVE LIMITED (REGISTERED NUMBER: SC389348)

Contents of the Financial Statements
for the Year Ended 30 November 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOUNTWEST ACHIEVE LIMITED

Company Information
for the Year Ended 30 November 2019







DIRECTOR: A Cowie





REGISTERED OFFICE: 6 Bon Accord Square
Aberdeen
AB11 6XU





REGISTERED NUMBER: SC389348 (Scotland)





1
MOUNTWEST ACHIEVE LIMITED (REGISTERED NUMBER: SC389348)

Balance Sheet
30 November 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 204 7,222

CURRENT ASSETS
Debtors 5 124,608 101,306
Cash at bank 2,171 7,702
126,779 109,008
CREDITORS
Amounts falling due within one year 6 335,740 311,476
NET CURRENT LIABILITIES (208,961 ) (202,468 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(208,757
)
(195,246
)

CAPITAL AND RESERVES
Called up share capital 26,334 26,334
Share premium 5,100 5,100
Retained earnings (240,191 ) (226,680 )
(208,757 ) (195,246 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2020 and were signed by:





A Cowie - Director


The notes form part of these financial statements

2
MOUNTWEST ACHIEVE LIMITED (REGISTERED NUMBER: SC389348)

Notes to the Financial Statements
for the Year Ended 30 November 2019


1. STATUTORY INFORMATION

Mountwest Achieve Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

3
MOUNTWEST ACHIEVE LIMITED (REGISTERED NUMBER: SC389348)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2019


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2018
and 30 November 2019 139,060
DEPRECIATION
At 1 December 2018 131,838
Charge for year 7,018
At 30 November 2019 138,856
NET BOOK VALUE
At 30 November 2019 204
At 30 November 2018 7,222

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors - 100,294
Other debtors 124,608 1,012
124,608 101,306

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security 1,753 -
Other creditors 333,987 311,476
335,740 311,476

7. ULTIMATE CONTROLLING PARTY

The controlling party is A Cowie.

8. GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

4