Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false2023-06-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.4839truetruefalse 08075441 2023-06-01 2024-05-31 08075441 2022-06-01 2023-05-31 08075441 2024-05-31 08075441 2023-05-31 08075441 c:Director1 2023-06-01 2024-05-31 08075441 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 08075441 d:Buildings d:LongLeaseholdAssets 2024-05-31 08075441 d:Buildings d:LongLeaseholdAssets 2023-05-31 08075441 d:MotorVehicles 2023-06-01 2024-05-31 08075441 d:MotorVehicles 2024-05-31 08075441 d:MotorVehicles 2023-05-31 08075441 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08075441 d:FurnitureFittings 2023-06-01 2024-05-31 08075441 d:FurnitureFittings 2024-05-31 08075441 d:FurnitureFittings 2023-05-31 08075441 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08075441 d:OfficeEquipment 2023-06-01 2024-05-31 08075441 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08075441 d:Goodwill 2024-05-31 08075441 d:Goodwill 2023-05-31 08075441 d:CurrentFinancialInstruments 2024-05-31 08075441 d:CurrentFinancialInstruments 2023-05-31 08075441 d:Non-currentFinancialInstruments 2024-05-31 08075441 d:Non-currentFinancialInstruments 2023-05-31 08075441 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08075441 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08075441 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 08075441 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 08075441 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 08075441 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 08075441 d:ShareCapital 2024-05-31 08075441 d:ShareCapital 2023-05-31 08075441 d:RetainedEarningsAccumulatedLosses 2024-05-31 08075441 d:RetainedEarningsAccumulatedLosses 2023-05-31 08075441 c:FRS102 2023-06-01 2024-05-31 08075441 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08075441 c:FullAccounts 2023-06-01 2024-05-31 08075441 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08075441 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 08075441










MOUNTDALE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
MOUNTDALE LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MOUNTDALE LIMITED
FOR THE YEAR ENDED 31 MAY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mountdale Limited for the year ended 31 May 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Mountdale Limited, as a body, in accordance with the terms of our engagement letter dated May 2012Our work has been undertaken solely to prepare for your approval the financial statements of Mountdale Limited and state those matters that we have agreed to state to the Board of directors of Mountdale Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mountdale Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Mountdale 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 profit of Mountdale Limited. You consider that Mountdale Limited is exempt from the statutory audit requirement for the year.

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

  



MWS
 
601 London Road
Westcliff-On-Sea
Essex
SS0 9PE
25 February 2025
Page 1

 
MOUNTDALE LIMITED
REGISTERED NUMBER: 08075441

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
61,209
61,244

  
61,209
61,244

Current assets
  

Debtors: amounts falling due within one year
 6 
137,414
221,529

Cash at bank and in hand
 7 
342,039
121,157

  
479,453
342,686

Creditors: amounts falling due within one year
 8 
(206,821)
(187,952)

Net current assets
  
 
 
272,632
 
 
154,734

Total assets less current liabilities
  
333,841
215,978

Creditors: amounts falling due after more than one year
 9 
(10,000)
(20,000)

  

Net assets
  
323,841
195,978


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
323,741
195,878

  
323,841
195,978


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 February 2025.



N Dogar
Director

The notes on pages 4 to 10 form part of these financial statements.
Page 2

 
MOUNTDALE LIMITED
REGISTERED NUMBER: 08075441

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024


Page 3

 
MOUNTDALE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Mountdale Limited is company limited by shares and incorporated in England and Wales.
Its registered office is Kingsridge House, 601 London Road, Westcliff-on-Sea, Essex, SS0 9PE.
Its principal place of business is 59 Mountdale Gardens, Leigh-on-Sea, Essex, SS9 4AP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
MOUNTDALE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
MOUNTDALE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the reducing balance and straight line method..

Depreciation is provided on the following basis:

Long-term leasehold property
-
10% reducing balance
Motor vehicles
-
20% Straight Line
Fixtures, fittings and equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
MOUNTDALE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 48 (2023 - 39).


4.


Intangible assets




Goodwill

£



Cost


At 1 June 2023
412,500



At 31 May 2024

412,500



Amortisation


At 1 June 2023
412,500



At 31 May 2024

412,500



Net book value



At 31 May 2024
-



At 31 May 2023
-



Page 7

 
MOUNTDALE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Leasehold improvem'ts
Motor vehicles
Fixtures fittings and equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
34,442
3,100
113,741
151,283


Additions
-
-
7,764
7,764



At 31 May 2024

34,442
3,100
121,505
159,047



Depreciation


At 1 June 2023
5,931
661
83,447
90,039


Charge for the year on owned assets
287
488
7,024
7,799



At 31 May 2024

6,218
1,149
90,471
97,838



Net book value



At 31 May 2024
28,224
1,951
31,034
61,209



At 31 May 2023
28,511
2,439
30,294
61,244


6.


Debtors

2024
2023
£
£


Trade debtors
53,534
153,181

Other debtors
79,246
63,790

Prepayments and accrued income
2,284
2,113

Deferred taxation
2,350
2,445

137,414
221,529



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
342,039
121,157

342,039
121,157


Page 8

 
MOUNTDALE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Other loans
-
40,000

Trade creditors
81,709
68,513

Corporation tax
40,111
2,267

Other taxation and social security
12,058
11,823

Other creditors
58,056
47,691

Accruals and deferred income
4,887
7,658

206,821
187,952



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,000
20,000

10,000
20,000



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Other loans
-
40,000


10,000
50,000


Amounts falling due 2-5 years

Bank loans
10,000
20,000


10,000
20,000


20,000
70,000


Page 9

 
MOUNTDALE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,295 (2023: £11,804). Contributions totalling £2,907 (2023: £2,996) were payable to the fund at the balance sheet date and are included in creditors.


12.


Related party transactions

During the year transactions were made with the directors as follows:
Mr N Dogar  Rent   £19,000  (2023: £19,000) (as co-owner of the premises of the co.)
Mr P Thakar  Rent   £19,000  (2023: £19,000) (as co-owner of the premises of the co.)


Page 10