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MKG Bournemouth Ltd
Registered Number:12005672
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2023
MKG Bournemouth Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12005672
As at 31 May 2023
MKG Bournemouth Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,400
838
2
1,400
838
Current assets
Inventories
2,169
2,608
3
Trade and other receivables
208
227
4
10,579
Cash and cash equivalents
9,972
12,807
12,956
Trade and other payables: amounts falling due within one
year
(9,016)
(13,402)
5
3,940
(595)
Net current liabilities
Total assets less current liabilities
805
4,778
(266)
-
Provisions for liabilities
539
Net assets
4,778
Capital and reserves
Called up share capital
2
2
Retained earnings
537
4,776
539
4,778
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
O M Hill Director
These financial statements were approved and authorised for issue by the Board on 16 November 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2023
MKG Bournemouth Ltd
Notes to the Financial Statements
Statutory Information
MKG Bournemouth Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12005672.
Registered address:
2 Firtree Cottage
Bloxworth
Wareham
England
BH20 7EG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Reducing balance
Computer Equipment
25 Reducing balance
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 June 2022
1,018
199
819
1,030
229
801
Additions
At 31 May 2023
1,620
428
2,048
Provision for depreciation and impairment
At 01 June 2022
180
41
139
Charge for year
468
97
371
At 31 May 2023
648
138
510
At 31 May 2023
Net book value
1,110
290
1,400
At 31 May 2022
680
158
838
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5
For the year ended 31 May 2023
MKG Bournemouth Ltd
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
2,608
2,169
4. Trade and other receivables
2022
2023
£
£
Other debtors
227
208
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
543
511
Taxation and social security
1,281
1,615
Other creditors
11,578
6,890
13,402
9,016
Included within taxation and social security is corporation tax of £1,281 (2022: £1,615).
6. Related party transactions
A dividend of £5,000 was paid to each of the directors in the year.
The company is under the effective control of its directors.
7. Directors advances and guarantees
At 01/06/2022
Loaned
Repaid
At 31/05/2023
£
£
£
£
O M Hill
Loan from the director
978
6,458
520
6,000
978
6,458
520
6,000
8. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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