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REGISTERED NUMBER: 02081199 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

MOUNTAIN METHOD LIMITED

MOUNTAIN METHOD LIMITED (REGISTERED NUMBER: 02081199)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3

Chartered Accountants' Report 6

MOUNTAIN METHOD LIMITED (REGISTERED NUMBER: 02081199)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,013 2,790

CURRENT ASSETS
Stocks 23,578 24,815
Debtors 5 6,113 4,940
Cash at bank and in hand 7,969 15,195
37,660 44,950
CREDITORS
Amounts falling due within one year 6 11,293 15,780
NET CURRENT ASSETS 26,367 29,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,380

31,960

PROVISIONS FOR LIABILITIES 762 530
NET ASSETS 29,618 31,430

CAPITAL AND RESERVES
Called up share capital 7 20,000 20,000
Retained earnings 8 9,618 11,430
SHAREHOLDERS' FUNDS 29,618 31,430

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

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

MOUNTAIN METHOD LIMITED (REGISTERED NUMBER: 02081199)

BALANCE SHEET - continued
31 AUGUST 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 15 April 2024 and were signed on its behalf by:





Mr M Butcher - Director


MOUNTAIN METHOD LIMITED (REGISTERED NUMBER: 02081199)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Mountain Method Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02081199

Registered office: Unit 11c
Devonshire Road Industrial Estate
Millom
Cumbria
LA18 4JS

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.

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

STOCKS
Stocks and work-in-progress 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.

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.

MOUNTAIN METHOD LIMITED (REGISTERED NUMBER: 02081199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 September 2022 22,580 15,036 37,616
Additions 1,650 336 1,986
Disposals (1,000 ) (9,482 ) (10,482 )
At 31 August 2023 23,230 5,890 29,120
DEPRECIATION
At 1 September 2022 20,808 14,018 34,826
Charge for year 415 219 634
Eliminated on disposal (965 ) (9,388 ) (10,353 )
At 31 August 2023 20,258 4,849 25,107
NET BOOK VALUE
At 31 August 2023 2,972 1,041 4,013
At 31 August 2022 1,772 1,018 2,790


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,932 2,954
Prepayments 2,181 1,986
6,113 4,940

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 273 161
Corporation tax - 1,753
Social security and other taxes 353 306
VAT 911 832
Directors' current accounts 7,637 10,637
Accrued expenses 2,119 2,091
11,293 15,780

MOUNTAIN METHOD LIMITED (REGISTERED NUMBER: 02081199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20,000 Ordinary £1 20,000 20,000

8. RESERVES
Retained
earnings
£   

At 1 September 2022 11,430
Deficit for the year (1,812 )
At 31 August 2023 9,618

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors are amounts due to the director of £7,637 (2022:- £10,637). The Director's loan account was not overdrawn during the current or previous year.

10. RELATED PARTY DISCLOSURES

During the year the directors, Mrs F M Butcher & Mr M Butcher, received dividends of £Nil (2022: £3,333).

11. ULTIMATE CONTROLLING PARTY

The company was under the control of directors throughout the current and previous years. Mrs Butcher is the managing director and together with Mr M Butcher owns 100% of the share capital.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MOUNTAIN METHOD LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at 31 August 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






R F Miller & Co
Double Tree Court
10A Cavendish St
Ulverston
Cumbria
LA12 7AD


Date: .............................................