Mount Doom Enterprises Limited - Accounts to registrar

MOUNT DOOM ENTERPRISES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P J Huggins

Mrs T Huggins

REGISTERED OFFICE:

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

REGISTERED NUMBER:

08776390 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Tangible assets

5

542

1,085

CURRENT ASSETS

Debtors

6

3,582

-

Cash at bank

14,963

14,936

18,545

14,936

CREDITORS

Amounts falling due within one year

7

41,617

22,176

NET CURRENT LIABILITIES

(23,072

)

(7,240

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,530

)

(6,155

)

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

(22,532

)

(6,157

)

SHAREHOLDERS' FUNDS

(22,530

)

(6,155

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 15th November 2017 and were signed on its behalf
by:

P J Huggins - Director

Mrs T Huggins - Director

1.	STATUTORY INFORMATION

Mount Doom Enterprises Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st December 2015

and 30th November 2016

2,169

DEPRECIATION

At 1st December 2015

1,084

Charge for year

543

At 30th November 2016

1,627

NET BOOK VALUE

At 30th November 2016

542

At 30th November 2015

1,085

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.16

30.11.15

£

Directors' current accounts

3,582

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.16

30.11.15

£

Tax

31,210

13,984

VAT

9,609

7,394

Accrued expenses

798

41,617

22,176

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

2

Ordinary

£1

2

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £74,132 (2015 - £59,636) were paid to the directors .

At the balance sheet date, the company was owed £3,582 (2015 - £nil) by P Huggins, a director and shareholder

of the company.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by P Huggins and T Huggins, the directors.

11.	FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102, following the early adoption of

FRS102. The last financial statements under UK GAAP were for the period ended 30 November 2015. The date

of transition to FRS 102 was 1 December 2014. There have been no significant changes in accounting policies

for the company as the result of transition to FRS102 and a reconciliation of profit for the period ended 30

November 2015 and equity as at 1 December 2014 and 30 November 2015 between UK GAAP as previously

reported and FRS 102 are not required as there are no changes to the figures presented.

Mount Doom Enterprises Limited - Accounts to registrar - small 17.2

Mount Doom Enterprises Limited - Accounts to registrar - small 17.2