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Company Registration No. 12225463 (England and Wales)
MK Design Studio Ltd Unaudited accounts for the year ended 30 September 2023
MK Design Studio Ltd Unaudited accounts Contents
Page
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MK Design Studio Ltd Company Information for the year ended 30 September 2023
Director
Marina Klavina
Company Number
12225463 (England and Wales)
Registered Office
46 Ferny Croft Haywards Heath West Sussex RH16 4UP
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MK Design Studio Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
383 
Current assets
Cash at bank and in hand
2,774 
10,818 
Creditors: amounts falling due within one year
(6,850)
(8,276)
Net current (liabilities)/assets
(4,076)
2,542 
Net (liabilities)/assets
(4,076)
2,925 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(4,176)
2,825 
Shareholders' funds
(4,076)
2,925 
For the year ending 30 September 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 director acknowledges her 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 and authorised for issue on 23 October 2023 and were signed on its behalf by
Marina Klavina Director Company Registration No. 12225463
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MK Design Studio Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
MK Design Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 12225463. The registered office is 46 Ferny Croft, Haywards Heath, West Sussex, RH16 4UP.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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% straightline
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
1,523 
At 30 September 2023
1,523 
Depreciation
At 1 October 2022
1,140 
Charge for the year
383 
At 30 September 2023
1,523 
Net book value
At 30 September 2023
- 
At 30 September 2022
383 
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MK Design Studio Ltd Notes to the Accounts for the year ended 30 September 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,530 
3,612 
VAT
1,321 
1,741 
Taxes and social security
2,687 
1,011 
Loans from directors
(688)
524 
Accruals
1,000 
1,388 
6,850 
8,276 
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Marina Klavina
Loan from director
(524)
524 
- 
- 
Loan from director
- 
(312)
- 
(312)
Loan from director
- 
7,000 
6,000 
1,000 
(524)
7,212 
6,000 
688 
The loan account will be repaid by the end of June 2024.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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