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REGISTERED NUMBER: 10557577 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

M & K Products (Bromsgrove) Limited

M & K Products (Bromsgrove) Limited (Registered number: 10557577)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M & K Products (Bromsgrove) Limited

Company Information
for the year ended 31 January 2024







DIRECTOR: K Foster





REGISTERED OFFICE: Tanglewood
Woodland Road
Dodford
Bromsgrove
Worcestershire
B61 9BT





REGISTERED NUMBER: 10557577 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

M & K Products (Bromsgrove) Limited (Registered number: 10557577)

Abridged Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,137 48,556
40,137 48,556

CURRENT ASSETS
Stocks 63,539 66,529
Debtors 74,253 64,145
Cash at bank 13,082 1,659
150,874 132,333
CREDITORS
Amounts falling due within one year 94,339 59,894
NET CURRENT ASSETS 56,535 72,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,672

120,995

CREDITORS
Amounts falling due after more than one year (69,049 ) (68,740 )

PROVISIONS FOR LIABILITIES (7,626 ) (9,226 )
NET ASSETS 19,997 43,029

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 19,995 43,027
SHAREHOLDERS' FUNDS 19,997 43,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

M & K Products (Bromsgrove) Limited (Registered number: 10557577)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 February 2024 and were signed by:





K Foster - Director


M & K Products (Bromsgrove) Limited (Registered number: 10557577)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

M & K Products (Bromsgrove) Limited 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 represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of three 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.

Intellectual property are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Fixture, fittings & equipment - 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


M & K Products (Bromsgrove) Limited (Registered number: 10557577)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 31,693
AMORTISATION
At 1 February 2023
and 31 January 2024 31,693
NET BOOK VALUE

At 31 January 2024 -
At 31 January 2023 -

M & K Products (Bromsgrove) Limited (Registered number: 10557577)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 137,846
Additions 2,894
At 31 January 2024 140,740
DEPRECIATION
At 1 February 2023 89,290
Charge for year 11,313
At 31 January 2024 100,603
NET BOOK VALUE
At 31 January 2024 40,137
At 31 January 2023 48,556

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

7. RELATED PARTY DISCLOSURES

During the year M & K Products (Bromsgrove) limited paid the director Mr K Foster rent of £27,800.

8. ULTIMATE CONTROLLING PARTY

During the financial year the controlling party were Mr and Mrs Foster by virtue of their 100% holding of the issued share capital.