Acorah Software Products - Accounts Production 15.0.400 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05370769 Mr Michael McNally Mrs Kathleen McNally Mrs Kathleen McNally Mr M W McNally true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05370769 2022-12-31 05370769 2023-12-31 05370769 2023-01-01 2023-12-31 05370769 frs-core:CurrentFinancialInstruments 2023-12-31 05370769 frs-core:Non-currentFinancialInstruments 2023-12-31 05370769 frs-core:PlantMachinery 2023-12-31 05370769 frs-core:PlantMachinery 2023-01-01 2023-12-31 05370769 frs-core:PlantMachinery 2022-12-31 05370769 frs-core:ShareCapital 2023-12-31 05370769 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05370769 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05370769 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05370769 frs-bus:SmallEntities 2023-01-01 2023-12-31 05370769 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05370769 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05370769 1 2023-01-01 2023-12-31 05370769 frs-bus:Director1 2023-01-01 2023-12-31 05370769 frs-bus:Director2 2023-01-01 2023-12-31 05370769 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05370769 frs-core:CurrentFinancialInstruments 2 2023-12-31 05370769 frs-countries:EnglandWales 2023-01-01 2023-12-31 05370769 2021-12-31 05370769 2022-12-31 05370769 2022-01-01 2022-12-31 05370769 frs-core:CurrentFinancialInstruments 2022-12-31 05370769 frs-core:Non-currentFinancialInstruments 2022-12-31 05370769 frs-core:ShareCapital 2022-12-31 05370769 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05370769 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 05370769
MKB Properties Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05370769
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 52 69
52 69
CURRENT ASSETS
Stocks 5 170,739 170,739
Debtors 6 479,139 481,116
Cash at bank and in hand 403 6,079
650,281 657,934
Creditors: Amounts Falling Due Within One Year 7 (500,683 ) (663,194 )
NET CURRENT ASSETS (LIABILITIES) 149,598 (5,260 )
TOTAL ASSETS LESS CURRENT LIABILITIES 149,650 (5,191 )
Creditors: Amounts Falling Due After More Than One Year 8 (182,155 ) -
NET LIABILITIES (32,505 ) (5,191 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (32,506 ) (5,192 )
SHAREHOLDERS' FUNDS (32,505) (5,191)
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Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Kathleen McNally
Director
13/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
MKB Properties Limited Registered number 05370769 is a limited by shares company incorporated in England & Wales. The Registered Office is DEB House, 19 Middlewoods Way, Carlton, Barnsley, South Yorkshire, S71 3HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
Sales, marketing and distribution 1 1
2 2
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4. Tangible Assets
Equipment
£
Cost
As at 1 January 2023 3,026
As at 31 December 2023 3,026
Depreciation
As at 1 January 2023 2,957
Provided during the period 17
As at 31 December 2023 2,974
Net Book Value
As at 31 December 2023 52
As at 1 January 2023 69
5. Stocks
2023 2022
£ £
Long term contracts 170,739 170,739
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,169 3,266
Prepayments and accrued income 120 -
Amounts recoverable on contract 477,850 477,850
479,139 481,116
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 20,097 197,684
VAT 44,265 43,921
Tenants bond 900 1,400
Accruals and deferred income 101 101
Directors' loan accounts 435,320 420,088
500,683 663,194
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 182,155 -
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
The company is controlled by Mr M W McNally, director and shareholder of the company. 
The balance on the director's loan account of  Mr M Mcnally at 31st December 2023  was £435,320 (2022 - £420,088) due from the company.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr M W McNally by virtue of his ownership of 100% of the issued share capital in the company.
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