Company Registration No. 4247912 (England and Wales)
P H Mountain Corrugated Limited
Unaudited accounts
for the year ended 31 July 2023
P H Mountain Corrugated Limited
Unaudited accounts
Contents
P H Mountain Corrugated Limited
Company Information
for the year ended 31 July 2023
Directors
Pamela Amanda Mountain
Peter Harry Mountain
Nicholas Mountain
Company Number
4247912 (England and Wales)
Registered Office
1a Mayfield Crescent
Louth
Lincolnshire
LN11 8EQ
England
Accountants
D H Tuck & Co Limited
Fiveways Business Centre
167 Park Street
Cleethorpes
North East Lincolnshire
DN35 7LX
P H Mountain Corrugated Limited
Statement of financial position
as at 31 July 2023
Tangible assets
1,032,548
546,905
Cash at bank and in hand
291,088
53,894
Creditors: amounts falling due within one year
(461,876)
(329,229)
Net current assets
120,152
58,491
Total assets less current liabilities
1,152,700
605,396
Creditors: amounts falling due after more than one year
(435,860)
(122,225)
Net assets
716,840
483,171
Called up share capital
100
100
Profit and loss account
716,740
483,071
Shareholders' funds
716,840
483,171
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by
Peter Harry Mountain
Director
Company Registration No. 4247912
P H Mountain Corrugated Limited
Notes to the Accounts
for the year ended 31 July 2023
P H Mountain Corrugated Limited is a private company, limited by shares, registered in England and Wales, registration number 4247912. The registered office is 1a Mayfield Crescent, Louth, Lincolnshire, LN11 8EQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
15% Reducing Balance
Fixtures & fittings
20% Reducing Balance
P H Mountain Corrugated Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2022
328,145
586,392
25,905
-
940,442
Additions
476,290
51,567
-
22,905
550,762
Disposals
-
(4,750)
-
-
(4,750)
At 31 July 2023
804,435
633,209
25,905
22,905
1,486,454
At 1 August 2022
-
371,955
21,582
-
393,537
Charge for the year
-
58,754
648
1,660
61,062
On disposals
-
(693)
-
-
(693)
At 31 July 2023
-
430,016
22,230
1,660
453,906
At 31 July 2023
804,435
203,193
3,675
21,245
1,032,548
At 31 July 2022
328,145
214,437
4,323
-
546,905
Amounts falling due within one year
Trade debtors
271,724
318,263
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
187,492
130,023
Taxes and social security
63,068
53,787
Loans from directors
135,299
112,560
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
435,860
122,225
8
Average number of employees
During the year the average number of employees was 16 (2022: 16).
