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REGISTERED NUMBER: 08620107 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

MK CARPETS AND FLOORING LTD

MK CARPETS AND FLOORING LTD (Registered number: 08620107)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MK CARPETS AND FLOORING LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M. Knight





REGISTERED OFFICE: 3 Heron Close
Chickerell
Weymouth
Dorset
DT3 4NB





REGISTERED NUMBER: 08620107 (England and Wales)





ACCOUNTANTS: RWB Tax Consultants Limited
F7A Lynch Lane Offices
Lynch Lane
Weymouth
Dorset
DT4 9DN

MK CARPETS AND FLOORING LTD (Registered number: 08620107)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,604 3,484

CURRENT ASSETS
Debtors 5 7,811 9,253
Cash at bank 1,812 411
9,623 9,664
CREDITORS
Amounts falling due within one year 6 10,368 9,551
NET CURRENT (LIABILITIES)/ASSETS (745 ) 113
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,859

3,597

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,759 3,497
SHAREHOLDERS' FUNDS 1,859 3,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 November 2023 and were signed by:





M. Knight - Director


MK CARPETS AND FLOORING LTD (Registered number: 08620107)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

MK CARPETS AND FLOORING 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 1 (2022 - 1 ) .

MK CARPETS AND FLOORING LTD (Registered number: 08620107)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 5,995 249 6,244
DEPRECIATION
At 1 April 2022 2,623 137 2,760
Charge for year 843 37 880
At 31 March 2023 3,466 174 3,640
NET BOOK VALUE
At 31 March 2023 2,529 75 2,604
At 31 March 2022 3,372 112 3,484

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 1,408
Construction tax recoverable 7,811 7,845
7,811 9,253

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 3,167 4,167
Tax 4,725 4,774
Directors' current accounts 1,666 17
Accrued expenses 810 593
10,368 9,551

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The controlling party is M. Knight.