2023-05-012024-04-302024-04-30false11333887MOUNTAIN LOGISTIC OPERATIONS 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MOUNTAIN LOGISTIC OPERATIONS LIMITED

Registered Number
11333887
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

MOUNTAIN LOGISTIC OPERATIONS LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

MOUNTAIN, Darrell Geoffrey John

Registered Address

Unit 1400 Blueprint Industrial Estate Dundas Spur
Portsmouth
PO3 5RW

Registered Number

11333887 (England and Wales)
MOUNTAIN LOGISTIC OPERATIONS LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3116,77781,537
116,77781,537
Current assets
Debtors479,524158,872
Cash at bank and on hand12,8318,596
92,355167,468
Creditors amounts falling due within one year5(139,647)(200,639)
Net current assets (liabilities)(47,292)(33,171)
Total assets less current liabilities69,48548,366
Creditors amounts falling due after one year(47,892)(44,372)
Provisions for liabilities(18,145)(15,492)
Net assets3,448(11,498)
Capital and reserves
Called up share capital75100
Share premium-50,000
Profit and loss account3,373(61,598)
Shareholders' funds3,448(11,498)
The financial statements were approved and authorised for issue by the Director on 26 September 2024, and are signed on its behalf by:
MOUNTAIN, Darrell Geoffrey John
Director
Registered Company No. 11333887
MOUNTAIN LOGISTIC OPERATIONS LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The company is trading as a going concern.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year76
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 May 23108,657
Additions48,837
At 30 April 24157,234
Depreciation and impairment
At 01 May 2327,121
Charge for year13,596
At 30 April 2440,456
Net book value
At 30 April 24116,777
At 30 April 2381,537
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables73,366123,739
Amounts owed by associates and joint ventures / participating interests-30,051
Other debtors384-
Prepayments and accrued income5,7745,082
Total79,524158,872
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables50,716109,235
Bank borrowings and overdrafts43,48010,600
Amounts owed to related parties1,054-
Taxation and social security25,91170,392
Finance lease and HP contracts18,4868,961
Other creditors-451
Accrued liabilities and deferred income-1,000
Total139,647200,639
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts36,39823,400