BrightAccountsProduction v1.0.0 v1.0.0 2022-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the business is consultancy. 10 April 2024 2 2 NI666036 2022-12-31 NI666036 2021-12-31 NI666036 2020-12-31 NI666036 2022-01-01 2022-12-31 NI666036 2021-01-01 2021-12-31 NI666036 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 NI666036 uk-curr:PoundSterling 2022-01-01 2022-12-31 NI666036 uk-bus:AbridgedAccounts 2022-01-01 2022-12-31 NI666036 uk-core:ShareCapital 2022-12-31 NI666036 uk-core:ShareCapital 2021-12-31 NI666036 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI666036 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 NI666036 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI666036 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-12-31 NI666036 uk-bus:FRS102 2022-01-01 2022-12-31 NI666036 uk-core:LandBuildings 2022-01-01 2022-12-31 NI666036 uk-core:PlantMachinery 2022-01-01 2022-12-31 NI666036 uk-core:AdditionsToInvestments 2021-12-31 NI666036 uk-core:AdditionsToInvestments 2022-12-31 NI666036 uk-core:CostValuation 2022-12-31 NI666036 2022-01-01 2022-12-31 NI666036 uk-bus:Director1 2022-01-01 2022-12-31 NI666036 uk-bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
MPK International Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2022



MPK International Ltd
Company Registration Number: NI666036
ABRIDGED BALANCE SHEET
as at 31 December 2022

2022 2021
Notes £ £
 
Fixed Assets
Tangible assets 4 57,726 31,935
Investments 5 78,000 -
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135,726 31,935
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Current Assets
Debtors 162,428 244,364
Cash and cash equivalents 75,875 64,892
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238,303 309,256
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Creditors: amounts falling due within one year (125,165) (224,629)
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Net Current Assets 113,138 84,627
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Total Assets less Current Liabilities 248,864 116,562
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 248,764 116,462
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Equity attributable to owners of the company 248,864 116,562
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 10 April 2024
           
           
________________________________          
Peter Agnew          
Director          
           



MPK International Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2022

   
1. General Information
 
MPK International Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI666036. The registered office of the company is 12 Carrive Road, Silverbridge, Newry, Co. Down, BT35 9LT, Northern Ireland which is also the principal place of business of the company. The principal activity of the business is consultancy. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2022 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% Straight line
  Plant and machinery - 20% Straight line
 
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
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 profit and loss account in the financial year in which it is receivable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was
 
  2022 2021
  Number Number
 
Consultant 2 2
  ═════════ ═════════
         
4. Tangible assets
  Land and Plant and Total
  buildings machinery  
  freehold    
  £ £ £
Cost
At 1 January 2022 26,948 7,581 34,529
Additions 18,037 12,210 30,247
  ───────── ───────── ─────────
At 31 December 2022 44,985 19,791 64,776
  ───────── ───────── ─────────
Depreciation
At 1 January 2022 1,078 1,516 2,594
Charge for the financial year 1,799 2,657 4,456
  ───────── ───────── ─────────
At 31 December 2022 2,877 4,173 7,050
  ───────── ───────── ─────────
Net book value
At 31 December 2022 42,108 15,618 57,726
  ═════════ ═════════ ═════════
At 31 December 2021 25,870 6,065 31,935
  ═════════ ═════════ ═════════
       
5. Investments
  Other Total
  investments  
     
Investments £ £
Cost
Additions 78,000 78,000
  ───────── ─────────
At 31 December 2022 78,000 78,000
  ───────── ─────────
Net book value
At 31 December 2022 78,000 78,000
  ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2022.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.