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Company registration number:
09670639
MDK Ventures Ltd
Unaudited Filleted Financial Statements for the year ended
31 July 2023
MDK Ventures Ltd
Statement of Financial Position
31 July 2023
20232022
Note££
Fixed assets    
Tangible assets 5 -  
362
 
Current assets    
Debtors 6
115,570
 
72,811
 
Cash at bank and in hand
14
 
1,875
 
115,584
 
74,686
 
Creditors: amounts falling due within one year 7
(115,583
)
(75,047
)
Net current assets/(liabilities)
1
 
(361
)
Total assets less current liabilities 1   1  
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account -   -  
Shareholders funds
1
 
1
 
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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
26 October 2023
, and are signed on behalf of the board by:
Mr. M Kasonga
Director
Company registration number:
09670639
MDK Ventures Ltd
Notes to the Financial Statements
Year ended
31 July 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Bramhall House 14 Ack Lane East
,
Bramhall
,
Stockport
,
SK7 2BY
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 August 2022
and
31 July 2023
2,810
 
Depreciation  
At
1 August 2022
2,448
 
Charge
362
 
At
31 July 2023
2,810
 
Carrying amount  
At
31 July 2023
-  
At 31 July 2022
362
 

6 Debtors

20232022
££
Other debtors
115,570
 
72,811
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
22,281
 
25,206
 
Taxation and social security
81,591
 
31,611
 
Other creditors
11,711
 
18,230
 
115,583
 
75,047
 

8 Director's advances, credit and guarantees

During the financial year, MDK Ventures Ltd made an unsecured interest-free loan to Mr. M Kasonga. The sum of the loan in the reporting period was £32,042. The total value of loans made to Mr. M Kasonga is valued at £86,920 at the reporting date, repayable on demand and in full.