IRIS Accounts Production v23.2.0.158 03487736 Board of Directors Board of Directors 1.2.22 31.1.23 31.1.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034877362022-01-31034877362023-01-31034877362022-02-012023-01-31034877362021-01-31034877362021-02-012022-01-31034877362022-01-3103487736ns10:Originalns15:EnglandWales2022-02-012023-01-3103487736ns14:PoundSterlingns10:Original2022-02-012023-01-3103487736ns10:Originalns10:Director12022-02-012023-01-3103487736ns10:Original2022-02-012023-01-3103487736ns10:Originalns10:Director22022-02-012023-01-3103487736ns10:Original2023-01-3103487736ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3103487736ns10:Originalns10:SmallEntities2022-02-012023-01-3103487736ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3103487736ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3103487736ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3103487736ns10:Originalns10:FullAccounts2022-02-012023-01-3103487736ns10:Originalns10:OrdinaryShareClass12022-02-012023-01-3103487736ns10:CompanySecretary1ns10:Original2022-02-012023-01-3103487736ns10:Originalns10:RegisteredOffice2022-02-012023-01-3103487736ns10:Original2022-01-3103487736ns10:Originalns5:CurrentFinancialInstruments2023-01-3103487736ns10:Originalns5:CurrentFinancialInstruments2022-01-3103487736ns10:Originalns5:Non-currentFinancialInstruments2023-01-3103487736ns10:Originalns5:Non-currentFinancialInstruments2022-01-3103487736ns5:ShareCapitalns10:Original2023-01-3103487736ns5:ShareCapitalns10:Original2022-01-3103487736ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3103487736ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3103487736ns10:Original2021-02-012022-01-3103487736ns10:Originalns5:PlantMachinery2022-01-3103487736ns10:Originalns5:FurnitureFittings2022-01-3103487736ns10:Originalns5:MotorVehicles2022-01-3103487736ns10:Originalns5:ComputerEquipment2022-01-3103487736ns10:Original2022-01-3103487736ns10:Originalns5:PlantMachinery2022-02-012023-01-3103487736ns10:Originalns5:FurnitureFittings2022-02-012023-01-3103487736ns10:Originalns5:MotorVehicles2022-02-012023-01-3103487736ns10:Originalns5:ComputerEquipment2022-02-012023-01-3103487736ns10:Originalns5:PlantMachinery2023-01-3103487736ns10:Originalns5:FurnitureFittings2023-01-3103487736ns10:Originalns5:MotorVehicles2023-01-3103487736ns10:Originalns5:ComputerEquipment2023-01-3103487736ns10:Originalns5:PlantMachinery2022-01-3103487736ns10:Originalns5:FurnitureFittings2022-01-3103487736ns10:Originalns5:MotorVehicles2022-01-3103487736ns10:Originalns5:ComputerEquipment2022-01-3103487736ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-01-3103487736ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-3103487736ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-02-012023-01-3103487736ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-01-3103487736ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3103487736ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3103487736ns10:Originalns10:OrdinaryShareClass12023-01-3103487736ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3103487736ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-012023-01-31
REGISTERED NUMBER: 03487736 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

MOUNTRING LIMITED

MOUNTRING LIMITED (REGISTERED NUMBER: 03487736)






Contents of the Financial Statements
for the Year Ended 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MOUNTRING LIMITED

Company Information
for the Year Ended 31 JANUARY 2023







DIRECTORS: R B M Webster
G K Spratt





SECRETARY: G K Spratt





REGISTERED OFFICE: Beke Lodge
Beke Hall Chase North
Rayleigh
Essex
SS6 9EZ





REGISTERED NUMBER: 03487736 (England and Wales)





ACCOUNTANTS: Beke Lodge Business Consultants Limited
Beke Lodge
Beke Hall Chase North
Rayleigh
Essex
SS6 9EZ

MOUNTRING LIMITED (REGISTERED NUMBER: 03487736)

Balance Sheet
31 JANUARY 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,454 75,777

CURRENT ASSETS
Stocks 116,474 118,418
Debtors 5 527,435 529,207
Cash at bank and in hand 555,297 566,547
1,199,206 1,214,172
CREDITORS
Amounts falling due within one year 6 280,505 348,071
NET CURRENT ASSETS 918,701 866,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

973,155

941,878

CREDITORS
Amounts falling due after more than one
year

7

(8,376

)

(14,288

)

PROVISIONS FOR LIABILITIES (1,680 ) (3,240 )
NET ASSETS 963,099 924,350

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 9 963,095 924,346
SHAREHOLDERS' FUNDS 963,099 924,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

MOUNTRING LIMITED (REGISTERED NUMBER: 03487736)

Balance Sheet - continued
31 JANUARY 2023


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 Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:




R B M Webster - Director



G K Spratt - Director


MOUNTRING LIMITED (REGISTERED NUMBER: 03487736)

Notes to the Financial Statements
for the Year Ended 31 JANUARY 2023

1. STATUTORY INFORMATION

Mountring 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. 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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

MOUNTRING LIMITED (REGISTERED NUMBER: 03487736)

Notes to the Financial Statements - continued
for the Year Ended 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 44,454 5,525 189,639 6,225 245,843
Disposals - - (29,944 ) - (29,944 )
At 31 January 2023 44,454 5,525 159,695 6,225 215,899
DEPRECIATION
At 1 February 2022 41,422 5,457 117,019 6,168 170,066
Charge for year 607 14 17,309 12 17,942
Eliminated on disposal - - (26,563 ) - (26,563 )
At 31 January 2023 42,029 5,471 107,765 6,180 161,445
NET BOOK VALUE
At 31 January 2023 2,425 54 51,930 45 54,454
At 31 January 2022 3,032 68 72,620 57 75,777

MOUNTRING LIMITED (REGISTERED NUMBER: 03487736)

Notes to the Financial Statements - continued
for the Year Ended 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2022 119,245
Transfer to ownership (81,682 )
At 31 January 2023 37,563
DEPRECIATION
At 1 February 2022 63,654
Charge for year 5,281
Transfer to ownership (47,222 )
At 31 January 2023 21,713
NET BOOK VALUE
At 31 January 2023 15,850
At 31 January 2022 55,591

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade debtors 526,962 528,734
Prepayments 473 473
527,435 529,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Hire purchase contracts 5,912 16,431
Trade creditors 154,308 125,497
Tax 33,765 46,344
Social security and other taxes 9,984 13,301
VAT 30,868 35,392
Directors' current accounts 1,903 1,903
Accrued expenses 43,765 109,203
280,505 348,071

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/23 31/1/22
£    £   
Hire purchase contracts 8,376 14,288

MOUNTRING LIMITED (REGISTERED NUMBER: 03487736)

Notes to the Financial Statements - continued
for the Year Ended 31 JANUARY 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/23 31/1/22
value: £    £   
4 Ordinary £1 4 4

9. RESERVES
Retained
earnings
£   

At 1 February 2022 924,346
Profit for the year 134,752
Dividends (96,003 )
At 31 January 2023 963,095

10. RELATED PARTY DISCLOSURES

Included in creditors due within one year is an amount of £1,903 (2022: £1,903)owed equally to the directors of the company. There are no terms as to the interest or repayment of this amount.

The company is jointly controlled by both the directors of the company.

The trading premises of the company are jointly owned by the Directors. During the year the rent paid to the Directors was £49,950 (2022: £48,600).