Registration number: 00979394

Mount Green Agencies Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Financial Statements	3 to 9

Mount Green Agencies Limited

(Registration number: 00979394)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	3	31,068	43,697
Tangible assets	4	331,581	292,719
		362,649	336,416
Current assets
Stocks	5	2,328,182	2,834,117
Debtors	6	1,102,580	1,236,818
Cash at bank and in hand		514,735	564,585
		3,945,497	4,635,520
Creditors: Amounts falling due within one year	7	(700,080)	(675,752)
Net current assets		3,245,417	3,959,768
Total assets less current liabilities		3,608,066	4,296,184
Provisions for liabilities		(38,647)	(83,765)
Net assets		3,569,419	4,212,419
Capital and reserves
Called up share capital		1,091	1,091
Other reserves		1,019	1,019
Retained earnings		3,567,309	4,210,309
Shareholders' funds		3,569,419	4,212,419

Mount Green Agencies Limited

(Registration number: 00979394)
Statement of Financial Position as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.

Approved and authorised by the Board on 18 September 2025 and signed on its behalf by:
 

......................................... Mrs L Taylor Director ......................................... Miss K Taylor Director

......................................... Mr S Taylor Director

......................................... Mr N Taylor Director

Mount Green Agencies Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Mount Green House, The Sidings
New Line Industrial Estate
Bacup
Lancashire
OL13 9RW

These financial statements were authorised for issue by the Board on 18 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A small entities.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants receivable are released to the profit and loss account on the accruals basis.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Mount Green Agencies Limited

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the income statement, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% Straight line
Other property, plant and equipment	25% Straight line
Motor vehicles	20% Straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software Investments	25% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Mount Green Agencies Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

Mount Green Agencies Limited

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

3	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	65,545	65,545
Additions acquired separately	4,600	4,600
At 31 December 2024	70,145	70,145
Amortisation
At 1 January 2024	21,848	21,848
Amortisation charge	17,229	17,229
At 31 December 2024	39,077	39,077
Carrying amount
At 31 December 2024	31,068	31,068
At 31 December 2023	43,697	43,697

Mount Green Agencies Limited

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

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	144,784	496,297	641,081
Additions	17,132	152,378	169,510
Disposals	(4,724)	(98,385)	(103,109)
At 31 December 2024	157,192	550,290	707,482
Depreciation
At 1 January 2024	110,927	237,435	348,362
Charge for the year	20,872	68,835	89,707
Eliminated on disposal	(2,592)	(59,576)	(62,168)
At 31 December 2024	129,207	246,694	375,901
Carrying amount
At 31 December 2024	27,985	303,596	331,581
At 31 December 2023	33,857	258,862	292,719

5

Stocks

	2024 £	2023 £
Other inventories	2,328,182	2,834,117

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		447,064	491,390
Amounts owed by related parties	8	-	650,000
Prepayments		72,448	52,306
Other debtors		583,068	43,122
		1,102,580	1,236,818

Mount Green Agencies Limited

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		447,246	132,249
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	28,798	22,118
Taxation and social security		115,724	257,892
Accruals and deferred income		7,540	5,700
Other creditors		100,772	257,793
		700,080	675,752

8	Related party transactions

Transactions with directors

2024	At 1 January 2024 £	Advances to director £	At 31 December 2024 £
Mr S Taylor
Advances	19,100	95,000	114,100

2023	At 1 January 2023 £	Advances to director £	At 31 December 2023 £
Mr S Taylor
Advances	-	19,100	19,100

The loan is interest free and is repayable on demand.

Mount Green Agencies Limited

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

9	Parent and ultimate parent undertaking

The company's immediate parent is Mount Green Holdings Limited, incorporated in England.

  These financial statements are available upon request from Mount Green House, The Sidings, New Line Industrial Estate, Bacup, Lancashire, OL13 9RW.

 

10	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 13).