Mount Olive (UK) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03810095 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2015

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:

Ground Floor

102 - 104 Victoria Street

Grimsby

N.E. Lincolnshire

DN31 1BA

REGISTERED NUMBER:

03810095 (England and Wales)

FIXED ASSETS

Tangible assets

2

364,519

366,099

CURRENT ASSETS

Debtors

22,578

20,364

Cash at bank and in hand

3,123

3,474

25,701

23,838

CREDITORS

Amounts falling due within one year

234,086

197,967

NET CURRENT LIABILITIES

(208,385

)

(174,129

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

156,134

191,970

CREDITORS

Amounts falling due after more than one
year

3

(125,221

)

(137,870

)

PROVISIONS FOR LIABILITIES

(4,223

)

(4,287

)

NET ASSETS

26,690

49,813

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

26,590

49,713

SHAREHOLDERS' FUNDS

26,690

49,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 28 June 2016 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 January 2015).

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 2014

and 30 September 2015

390,286

DEPRECIATION

At 1 October 2014

24,187

Charge for year

1,580

At 30 September 2015

25,767

NET BOOK VALUE

At 30 September 2015

364,519

At 30 September 2014

366,099

3.

CREDITORS

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

30.9.15

30.9.14

£

Repayable by instalments

75,789

89,766

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

100

Ordinary

£1

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2015 and

30 September 2014:

30.9.15

30.9.14

£

R Majeed

Balance outstanding at start of year

(182,055

)

(150,599

)

Amounts repaid

(36,891

)

(31,456

)

Balance outstanding at end of year

(218,946

)

(182,055

)