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REGISTERED NUMBER: NI057163 (Northern Ireland)















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: Nigel Rafferty





REGISTERED OFFICE: 55a Cappagh Road
Galbally
Dungannon
Co. Tyrone
BT70 2PE





REGISTERED NUMBER: NI057163 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
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 5 462,425 456,589
Investments 6 10 10
462,435 456,599

CURRENT ASSETS
Receivables 7 908,296 3,016,539
Cash at bank 4,007,923 1,007,958
4,916,219 4,024,497
PAYABLES
Amounts falling due within one year 8 (5,863 ) (20,517 )
NET CURRENT ASSETS 4,910,356 4,003,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,372,791

4,460,579

PROVISIONS FOR LIABILITIES (84,150 ) (84,150 )
NET ASSETS 5,288,641 4,376,429

CAPITAL AND RESERVES
Called up share capital 9 12 12
Retained earnings 5,288,629 4,376,417
SHAREHOLDERS' FUNDS 5,288,641 4,376,429

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 May 2023 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.

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

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 14 March 2024 and were signed by:



Nigel Rafferty - Director


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

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 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 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 1 (2022 - 1 ) .

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 710,969 131,344 317,340 1,159,653
Additions - 4,152 86,688 90,840
At 30 May 2023 710,969 135,496 404,028 1,250,493
DEPRECIATION
At 31 May 2022 365,403 113,647 224,014 703,064
Charge for year 27,627 8,679 48,698 85,004
At 30 May 2023 393,030 122,326 272,712 788,068
NET BOOK VALUE
At 30 May 2023 317,939 13,170 131,316 462,425
At 30 May 2022 345,566 17,697 93,326 456,589

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 31 May 2022
and 30 May 2023 10
NET BOOK VALUE
At 30 May 2023 10
At 30 May 2022 10

7. RECEIVABLES
2023 2022
£ £
Amounts owed by group undertakings 908,296 3,016,539

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 5,863 20,517

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
12 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.