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REGISTERED NUMBER: 07349696 (England and Wales)






























Financial Statements

for the Year Ended 31 March 2024

for

Mountview Trading Ltd

Mountview Trading Ltd (Registered number: 07349696)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mountview Trading Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Farishta
Mrs S Farishta
S A Farishta





REGISTERED OFFICE: 336 Pinner Road
Harrow
Middlesex
HA1 4LB





REGISTERED NUMBER: 07349696 (England and Wales)





ACCOUNTANTS: Walji & Associates
336 Pinner Road
Harrow
HA1 4LB

Mountview Trading Ltd (Registered number: 07349696)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,135 1,628
1,135 1,628

CURRENT ASSETS
Stocks 12,786 7,535
Debtors 6 132,716 134,432
Cash at bank and in hand 28,677 63,020
174,179 204,987
CREDITORS
Amounts falling due within one year 7 64,454 122,562
NET CURRENT ASSETS 109,725 82,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,860

84,053

CREDITORS
Amounts falling due after more than one year 8 34,259 39,815
NET ASSETS 76,601 44,238

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,501 44,138
SHAREHOLDERS' FUNDS 76,601 44,238

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Mountview Trading Ltd (Registered number: 07349696)

Balance Sheet - continued
31 March 2024


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 28 November 2024 and were signed on its behalf by:





M Farishta - Director


Mountview Trading Ltd (Registered number: 07349696)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mountview Trading Ltd 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.

Franchise fees
Franchise fees, being paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the duration of the lease
Plant and machinery etc - 20% on cost

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.

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.

Mountview Trading Ltd (Registered number: 07349696)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 17,816
AMORTISATION
At 1 April 2023
and 31 March 2024 17,816
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 6,384 117,164 123,548
Additions - 522 522
At 31 March 2024 6,384 117,686 124,070
DEPRECIATION
At 1 April 2023 6,384 115,536 121,920
Charge for year - 1,015 1,015
At 31 March 2024 6,384 116,551 122,935
NET BOOK VALUE
At 31 March 2024 - 1,135 1,135
At 31 March 2023 - 1,628 1,628

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 132,716 134,432

Mountview Trading Ltd (Registered number: 07349696)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 16,041 60,802
Taxation and social security 21,785 15,335
Other creditors 26,628 46,425
64,454 122,562

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 34,259 39,815