MK Occupational Health Limited
Registered number: 03202403
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,567 8,915
Current assets
Stocks 1,600 1,600
Debtors 4 92,296 56,973
Cash at bank and in hand 15,046 7,021
108,942 65,594
Creditors: amounts falling due within one year 5 (52,574) (34,209)
Net current assets 56,368 31,385
Total assets less current liabilities 63,935 40,300
Creditors: amounts falling due after more than one year 6 (24,922) (34,683)
Net assets 39,013 5,617
Capital and reserves
Called up share capital 40,000 40,000
Profit and loss account (987) (34,383)
Shareholders' funds 39,013 5,617
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Blackhurst
Director
Approved by the board on 5 April 2024
MK Occupational Health Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against the reversal of future taxable profits. Current tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 11
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 30,085 48,329 78,414
Additions - 1,175 1,175
At 31 March 2024 30,085 49,504 79,589
Depreciation
At 1 April 2023 30,085 39,414 69,499
Charge for the year - 2,523 2,523
At 31 March 2024 30,085 41,937 72,022
Net book value
At 31 March 2024 - 7,567 7,567
At 31 March 2023 - 8,915 8,915
4 Debtors 2024 2023
£ £
Trade debtors 74,746 39,448
Other debtors 17,550 17,525
92,296 56,973
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 22,087 6,600
Trade creditors - 209
Corporation tax 8,361 6,666
Other taxes and social security costs 11,674 11,443
Other creditors 10,452 9,291
52,574 34,209
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,781 32,542
Other creditors 2,141 2,141
24,922 34,683
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J I Blackhurst
Loan 1 (2,202) (60,177) 60,177 (2,202)
Loan 2 1,481 - - 1,481
Loan 3 236 - - 236
Loan 4 2,325 - - 2,325
Loan 5 9,900 - - 9,900
11,740 (60,177) 60,177 11,740
N I Carter
Loan 1 (5,103) (56,964) 56,964 (5,103)
Loan 2 2,600 - - 2,600
Loan 3 424 - - 424
(2,079) (56,964) 56,964 (2,079)
9,661 (117,141) 117,141 9,661
8 Other information
MK Occupational Health Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 Vincent Avenue
Crownhill Business Centre
Milton Keynes
Buckinghamshire
MK8 0AB
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