Mount Olive (UK) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03810095 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2014

for

Mount Olive (UK) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R Majeed

Mrs C A Majeed

SECRETARY:

R Majeed

REGISTERED OFFICE:

First Floor Flat

102 - 104 Victoria Street

Grimsby

N.E. Lincolnshire

DN31 1BA

REGISTERED NUMBER:

03810095 (England and Wales)

ACCOUNTANTS:

Pelham

16 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

FIXED ASSETS

Tangible assets

2

366,099

367,780

CURRENT ASSETS

Debtors

20,364

11,349

Cash at bank and in hand

3,474

618

23,838

11,967

CREDITORS

Amounts falling due within one year

197,967

171,407

NET CURRENT LIABILITIES

(174,129

)

(159,440

)

TOTAL ASSETS LESS CURRENT LIABILITIES

191,970

208,340

CREDITORS

Amounts falling due after more than one year

3

(137,870

)

(150,756

)

PROVISIONS FOR LIABILITIES

(4,287

)

(4,318

)

NET ASSETS

49,813

53,266

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

49,713

53,166

SHAREHOLDERS' FUNDS

49,813

53,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 25 June 2015 and were signed on its behalf by:

R Majeed - 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 services, 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.

Plant and machinery

-

8% on reducing balance

Fixtures and fittings

-

5% on reducing balance

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

390,286

DEPRECIATION

At 1 October 2013

22,506

Charge for year

1,681

At 30 September 2014

24,187

NET BOOK VALUE

At 30 September 2014

366,099

At 30 September 2013

367,780

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.9.14

30.9.13

£

£

Repayable by instalments

89,766

106,092

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

100

Ordinary

£1

100

100