MTK DIRECT LTD

Company Registration Number:
12457721 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

MTK DIRECT LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

MTK DIRECT LTD

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 7,637 3,964
Total fixed assets: 7,637 3,964
Current assets
Stocks: 4,189 1,309
Debtors:   1 6,064
Cash at bank and in hand: 32,321 17,813
Total current assets: 36,511 25,186
Creditors: amounts falling due within one year:   (45,896) (29,491)
Net current assets (liabilities): (9,385) (4,305)
Total assets less current liabilities: (1,748) (341)
Total net assets (liabilities): (1,748) (341)
Capital and reserves
Called up share capital: 10 10
Profit and loss account: (1,758) (351)
Shareholders funds: (1,748) (341)

The notes form part of these financial statements

MTK DIRECT LTD

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 November 2023
and signed on behalf of the board by:

Name: Amar Akram
Status: Director

The notes form part of these financial statements

MTK DIRECT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciationand any provision for impairment. Depreciation is provided at rates calculated to write off thecost or valuation of fixed assets, less their estimated residual value, over their expected usefullives on the following basis:Fittings fixtures and equipment - 25% reducing balanceMotor vehicles - 25% reducing balance

Other accounting policies

StocksStocks are valued at the lower of cost and net realisable value after making due allowance forobsolete and slow moving items.

MTK DIRECT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

MTK DIRECT LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 6,965
Additions 5,891
At 28 February 2023 12,856
Depreciation
At 01 March 2022 3,001
Charge for year 2,218
At 28 February 2023 5,219
Net book value
At 28 February 2023 7,637
At 28 February 2022 3,964