IRIS Accounts Production v24.2.0.383 04480577 director 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044805772023-07-31044805772024-07-31044805772023-08-012024-07-31044805772022-07-31044805772022-08-012023-07-31044805772023-07-3104480577ns15:EnglandWales2023-08-012024-07-3104480577ns14:PoundSterling2023-08-012024-07-3104480577ns10:Director12023-08-012024-07-3104480577ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3104480577ns10:SmallEntities2023-08-012024-07-3104480577ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3104480577ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3104480577ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3104480577ns10:FullAccounts2023-08-012024-07-3104480577ns10:RegisteredOffice2023-08-012024-07-3104480577ns5:CurrentFinancialInstruments2024-07-3104480577ns5:CurrentFinancialInstruments2023-07-3104480577ns5:ShareCapital2024-07-3104480577ns5:ShareCapital2023-07-3104480577ns5:RetainedEarningsAccumulatedLosses2024-07-3104480577ns5:RetainedEarningsAccumulatedLosses2023-07-3104480577ns5:FurnitureFittings2023-08-012024-07-3104480577ns5:MotorVehicles2023-08-012024-07-3104480577ns5:ComputerEquipment2023-08-012024-07-3104480577ns5:FurnitureFittings2023-07-3104480577ns5:MotorVehicles2023-07-3104480577ns5:ComputerEquipment2023-07-3104480577ns5:FurnitureFittings2024-07-3104480577ns5:MotorVehicles2024-07-3104480577ns5:ComputerEquipment2024-07-3104480577ns5:FurnitureFittings2023-07-3104480577ns5:MotorVehicles2023-07-3104480577ns5:ComputerEquipment2023-07-3104480577ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3104480577ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 04480577 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

MOUNTAIN ACTIVITIES LIMITED

MOUNTAIN ACTIVITIES LIMITED (REGISTERED NUMBER: 04480577)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOUNTAIN ACTIVITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: K Fleming





REGISTERED OFFICE: Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: 04480577 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

MOUNTAIN ACTIVITIES LIMITED (REGISTERED NUMBER: 04480577)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,099 3,468

CURRENT ASSETS
Debtors 5 2,058 3,361
Cash at bank 14,083 14,146
16,141 17,507
CREDITORS
Amounts falling due within one year 6 4,026 3,608
NET CURRENT ASSETS 12,115 13,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,214

17,367

PROVISIONS FOR LIABILITIES 399 659
NET ASSETS 13,815 16,708

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 13,814 16,707
SHAREHOLDERS' FUNDS 13,815 16,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 5th January 2025 and were signed by:



K Fleming - Director


MOUNTAIN ACTIVITIES LIMITED (REGISTERED NUMBER: 04480577)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Mountain Activities 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.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

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.

MOUNTAIN ACTIVITIES LIMITED (REGISTERED NUMBER: 04480577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

2. ACCOUNTING POLICIES - continued

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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st August 2023
and 31st July 2024 4,233 23,186 4,465 31,884
DEPRECIATION
At 1st August 2023 4,208 20,413 3,795 28,416
Charge for year 6 693 670 1,369
At 31st July 2024 4,214 21,106 4,465 29,785
NET BOOK VALUE
At 31st July 2024 19 2,080 - 2,099
At 31st July 2023 25 2,773 670 3,468

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,058 3,361

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,445 3,020
Other creditors 581 588
4,026 3,608