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01/02/2021
31/07/2022
2022-07-31
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No description of principal activities is disclosed
2021-02-01
Sage Accounts Production 23.0 - FRS102_2023
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05097448
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05097448
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05097448
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2021-01-31
05097448
2021-01-31
05097448
2020-01-31
05097448
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2022-07-31
05097448
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05097448
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05097448
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05097448
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05097448
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05097448
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05097448
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05097448
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2022-07-31
05097448
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2022-07-31
05097448
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2021-01-31
05097448
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2021-01-31
05097448
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05097448
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05097448
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05097448
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05097448
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05097448
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05097448
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05097448
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2021-01-31
05097448
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Company registration number:
05097448
Mountains of Boston Limited
Unaudited filleted financial statements
31 July 2022
Mountains of Boston Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Mountains of Boston Limited
Directors and other information
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Directors |
Mr Ryan Thomas Mountain |
(Retired 12 January 2022) |
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Miss Kerry Ann Mountain |
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Company number |
05097448 |
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Registered office |
75 High Street |
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Boston |
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Lincolnshire |
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PE21 8SX |
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Business address |
69A Tower Road |
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Boston |
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Lincs |
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PE21 9AU |
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Accountants |
Lister & Co |
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75 High Street |
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Boston |
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Lincolnshire |
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PE21 8SX |
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Mountains of Boston Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Mountains of Boston Limited
Period ended 31 July 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mountains of Boston Limited for the period ended 31 July 2022 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Mountains of Boston Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Mountains of Boston Limited and state those matters that we have agreed to state to the board of directors of Mountains of Boston Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mountains of Boston Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Mountains of Boston Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mountains of Boston Limited. You consider that Mountains of Boston Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Mountains of Boston Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Lister & Co
ACCA
75 High Street
Boston
Lincolnshire
PE21 8SX
23 January 2024
Mountains of Boston Limited
Statement of financial position
31 July 2022
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31/07/22 |
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31/01/21 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Intangible assets |
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5 |
- |
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- |
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Tangible assets |
|
6 |
3,750 |
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|
10,224 |
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|
|
|
_______ |
|
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|
_______ |
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3,750 |
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10,224 |
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Current assets |
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Debtors |
|
7 |
- |
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233 |
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Cash at bank and in hand |
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- |
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222 |
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_______ |
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_______ |
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- |
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455 |
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Creditors: amounts falling due |
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within one year |
|
8 |
(
83,095) |
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(
80,191) |
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_______ |
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_______ |
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Net current liabilities |
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(
83,095) |
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(
79,736) |
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_______ |
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_______ |
Total assets less current liabilities |
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(
79,345) |
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(
69,512) |
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Creditors: amounts falling due |
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after more than one year |
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9 |
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- |
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(
708) |
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_______ |
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_______ |
Net liabilities |
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(
79,345) |
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(
70,220) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
|
10 |
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|
1,000 |
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|
1,000 |
Profit and loss account |
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|
(
80,345) |
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(
71,220) |
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_______ |
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_______ |
Shareholders deficit |
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(
79,345) |
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(
70,220) |
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_______ |
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_______ |
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For the period ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 January 2024
, and are signed on behalf of the board by:
Miss Kerry Ann Mountain
Director
Company registration number:
05097448
Mountains of Boston Limited
Notes to the financial statements
Period ended 31 July 2022
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 75 High Street, Boston, Lincolnshire, PE21 8SX.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company continues to trades due to the financial support of the director.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery |
- |
20 % |
reducing balance |
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Fittings fixtures and equipment |
- |
15 % |
reducing balance |
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Motor vehicles |
- |
25 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
(2021:
1
).
5.
Intangible assets
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Goodwill |
Total |
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£ |
£ |
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Cost |
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At 1 February 2021 and 31 July 2022 |
30,000 |
30,000 |
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_______ |
_______ |
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Amortisation |
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At 1 February 2021 and 31 July 2022 |
30,000 |
30,000 |
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_______ |
_______ |
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Carrying amount |
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At 31 July 2022 |
- |
- |
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_______ |
_______ |
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At 31 January 2021 |
- |
- |
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_______ |
_______ |
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6.
Tangible assets
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Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 February 2021 |
25,668 |
8,682 |
6,000 |
40,350 |
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Disposals |
(
25,669) |
(
8,682) |
- |
(
34,351) |
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_______ |
_______ |
_______ |
_______ |
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At 31 July 2022 |
(
1) |
- |
6,000 |
5,999 |
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_______ |
_______ |
_______ |
_______ |
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Depreciation |
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At 1 February 2021 |
23,702 |
6,424 |
- |
30,126 |
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Charge for the year |
- |
- |
2,250 |
2,250 |
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Disposals |
(
23,703) |
(
6,424) |
- |
(
30,127) |
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_______ |
_______ |
_______ |
_______ |
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At 31 July 2022 |
(
1) |
- |
2,250 |
2,249 |
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_______ |
_______ |
_______ |
_______ |
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Carrying amount |
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At 31 July 2022 |
- |
- |
3,750 |
3,750 |
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_______ |
_______ |
_______ |
_______ |
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At 31 January 2021 |
1,966 |
2,258 |
6,000 |
10,224 |
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_______ |
_______ |
_______ |
_______ |
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7.
Debtors
|
|
|
31/07/22 |
31/01/21 |
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|
£ |
£ |
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Other debtors |
|
- |
233 |
|
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|
_______ |
_______ |
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8.
Creditors: amounts falling due within one year
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|
31/07/22 |
31/01/21 |
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|
£ |
£ |
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Bank loans and overdrafts |
|
423 |
- |
|
Trade creditors |
|
2,556 |
1,727 |
|
Social security and other taxes |
|
11,422 |
11,617 |
|
Other creditors |
|
68,694 |
66,847 |
|
|
|
_______ |
_______ |
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|
83,095 |
80,191 |
|
|
|
_______ |
_______ |
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9.
Creditors: amounts falling due after more than one year
|
|
|
31/07/22 |
31/01/21 |
|
|
|
£ |
£ |
|
Other creditors |
|
- |
708 |
|
|
|
_______ |
_______ |
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10.
Called up share capital
Issued, called up and fully paid
|
|
|
31/07/22 |
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31/01/21 |
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No |
|
£ |
|
No |
|
£ |
|
Ordinary shares shares of £
1.00 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
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