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REGISTERED NUMBER: 04437146 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

MKB INSTRUMENTATION LTD

MKB INSTRUMENTATION LTD (REGISTERED NUMBER: 04437146)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MKB INSTRUMENTATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr M T Bynorth





SECRETARY: Mr M T Bynorth





REGISTERED OFFICE: Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF





REGISTERED NUMBER: 04437146 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Chartered Accountants
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

MKB INSTRUMENTATION LTD (REGISTERED NUMBER: 04437146)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 274 328
274 328

CURRENT ASSETS
Stocks - 500
Debtors 6 17,047 4,294
Cash at bank 6,028 93
23,075 4,887
CREDITORS
Amounts falling due within one year 7 25,258 6,882
NET CURRENT LIABILITIES (2,183 ) (1,995 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,909

)

(1,667

)

PROVISIONS FOR LIABILITIES 52 90
NET LIABILITIES (1,961 ) (1,757 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,962 ) (1,758 )
SHAREHOLDERS' FUNDS (1,961 ) (1,757 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 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.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





Mr M T Bynorth - Director


MKB INSTRUMENTATION LTD (REGISTERED NUMBER: 04437146)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

MKB Instrumentation Ltd is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MKB INSTRUMENTATION LTD (REGISTERED NUMBER: 04437146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 27,000
AMORTISATION
At 1 July 2022
and 30 June 2023 27,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 4,362 818 5,180
DEPRECIATION
At 1 July 2022 4,091 761 4,852
Charge for year 40 14 54
At 30 June 2023 4,131 775 4,906
NET BOOK VALUE
At 30 June 2023 231 43 274
At 30 June 2022 271 57 328

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,992 3,824
Other debtors 55 470
17,047 4,294

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 2,120
Trade creditors 13,919 2,101
Taxation and social security 1,103 401
Other creditors 10,236 2,260
25,258 6,882

MKB INSTRUMENTATION LTD (REGISTERED NUMBER: 04437146)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr M T Bynorth
Balance outstanding at start of year (691 ) 158
Amounts advanced 9,050 9,281
Amounts repaid (9,730 ) (10,130 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,371 ) (691 )

9. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr M T Bynorth who owns 100% of the issued share capital.