REGISTERED NUMBER: |
M & K HOLDINGS (IRELAND) LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MAY 2023 |
REGISTERED NUMBER: |
M & K HOLDINGS (IRELAND) LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MAY 2023 |
M & K HOLDINGS (IRELAND) LIMITED (REGISTERED NUMBER: NI057163) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 MAY 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
M & K HOLDINGS (IRELAND) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 MAY 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
36-38 Northland Row |
Dungannon |
Co. Tyrone |
BT71 6AP |
M & K HOLDINGS (IRELAND) LIMITED (REGISTERED NUMBER: NI057163) |
STATEMENT OF FINANCIAL POSITION |
30 MAY 2023 |
2023 | 2022 |
Notes | £ | £ |
NON-CURRENT ASSETS |
Property, plant and equipment | 5 |
Investments | 6 |
CURRENT ASSETS |
Receivables | 7 |
Cash at bank |
PAYABLES |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
M & K HOLDINGS (IRELAND) LIMITED (REGISTERED NUMBER: NI057163) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 MAY 2023 |
1. | STATUTORY INFORMATION |
M & K Holdings (Ireland) Limited is a private company, limited by shares, incorporated in Northern Ireland. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparation |
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets. |
The accounting policies detailed below have been applied consistently throughout the year. |
Property, plant and equipment |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable. |
Investments in subsidiaries |
Investments held as fixed assets are stated at cost less provision for any permanent diminution |
in value. Income from other investments together with any related tax credit is recognised in |
the income statement in the year in which it is receivable. |
Taxation |
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date. |
Cash flow statement |
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company. |
Share capital |
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
M & K HOLDINGS (IRELAND) LIMITED (REGISTERED NUMBER: NI057163) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 MAY 2023 |
5. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 31 May 2022 |
Additions |
At 30 May 2023 |
DEPRECIATION |
At 31 May 2022 |
Charge for year |
At 30 May 2023 |
NET BOOK VALUE |
At 30 May 2023 |
At 30 May 2022 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 31 May 2022 |
and 30 May 2023 |
NET BOOK VALUE |
At 30 May 2023 |
At 30 May 2022 |
7. | RECEIVABLES |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Amounts due from group undertakings are considered payable on demand and no interest charged in respect of same. |
8. | PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other payables |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary shares | 1 | 12 | 12 |
M & K HOLDINGS (IRELAND) LIMITED (REGISTERED NUMBER: NI057163) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 MAY 2023 |
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At the year end, included within other creditors is a balance of £5,115 (2022; £20,517) due to the director. |
11. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |