Company Registration No. 10216104 (England and Wales)
MK Financial Solutions Ltd
Unaudited accounts
for the year ended 30 November 2023
MK Financial Solutions Ltd
Unaudited accounts
Contents
MK Financial Solutions Ltd
Company Information
for the year ended 30 November 2023
Company Number
10216104 (England and Wales)
Registered Office
455 WHALLEY NEW ROAD
BLACKBURN
BB1 9SP
ENGLAND
MK Financial Solutions Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
344,440
344,498
Cash at bank and in hand
9,937
7,470
Creditors: amounts falling due within one year
(359,200)
(356,703)
Net current liabilities
(349,263)
(349,233)
Net liabilities
(4,823)
(4,735)
Called up share capital
100
100
Profit and loss account
(4,923)
(4,835)
Shareholders' funds
(4,823)
(4,735)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 January 2023 and were signed on its behalf by
Mariyah kapasi
Director
Company Registration No. 10216104
MK Financial Solutions Ltd
Notes to the Accounts
for the year ended 30 November 2023
MK Financial Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 10216104. The registered office is 455 WHALLEY NEW ROAD, BLACKBURN, BB1 9SP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
344,210
1,100
345,310
At 30 November 2023
344,210
1,100
345,310
At 1 December 2022
-
812
812
Charge for the year
-
58
58
At 30 November 2023
-
870
870
At 30 November 2023
344,210
230
344,440
At 30 November 2022
344,210
288
344,498
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
219,196
220,000
Taxes and social security
-
254
Loans from directors
139,524
135,969
MK Financial Solutions Ltd
Notes to the Accounts
for the year ended 30 November 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).