Mountwest Achieve Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC389348 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2018

for

MOUNTWEST ACHIEVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Cowie

REGISTERED OFFICE:

6 Bon Accord Square

Aberdeen

AB11 6XU

REGISTERED NUMBER:

SC389348 (Scotland)

ACCOUNTANTS:

Infinity Partnership Limited

5 Carden Place

Aberdeen

AB10 1UT

FIXED ASSETS

Tangible assets

4

7,222

14,260

CURRENT ASSETS

Debtors

5

101,306

100,294

Cash at bank

7,702

126,064

109,008

226,358

CREDITORS

Amounts falling due within one year

6

311,476

422,641

NET CURRENT LIABILITIES

(202,468

)

(196,283

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(195,246

)

(182,023

)

CAPITAL AND RESERVES

Called up share capital

26,334

26,334

Share premium

5,100

5,100

Retained earnings

(226,680

)

(213,457

)

(195,246

)

(182,023

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8 August 2019 and were signed by:

A Cowie - Director

1.	STATUTORY INFORMATION

Mountwest Achieve Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2017

138,460

Additions

600

At 30 November 2018

139,060

DEPRECIATION

At 1 December 2017

124,200

Charge for year

7,638

At 30 November 2018

131,838

NET BOOK VALUE

At 30 November 2018

7,222

At 30 November 2017

14,260

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

100,294

100,294

Other debtors

1,012

-

101,306

100,294

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

-

24,019

Other creditors

311,476

398,622

311,476

422,641

7.	ULTIMATE CONTROLLING PARTY

The controlling party is A Cowie.

8.	GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors and

shareholders will continue to financially support the company.