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REGISTERED NUMBER: 01639200 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

M.K. TECHNOLOGY LIMITED

M.K. TECHNOLOGY LIMITED (REGISTERED NUMBER: 01639200)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

M.K. TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Miss S Langley
A D Langley





REGISTERED OFFICE: Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD





REGISTERED NUMBER: 01639200 (England and Wales)





ACCOUNTANTS: Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD

M.K. TECHNOLOGY LIMITED (REGISTERED NUMBER: 01639200)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,284 158,859

CURRENT ASSETS
Stocks 40,000 60,000
Debtors 5 192,277 245,831
Cash at bank 21,079 29,711
253,356 335,542
CREDITORS
Amounts falling due within one year 6 297,570 357,822
NET CURRENT LIABILITIES (44,214 ) (22,280 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,070

136,579

CREDITORS
Amounts falling due after more than
one year

7

(95,240

)

(137,290

)

PROVISIONS FOR LIABILITIES (25,725 ) (27,850 )
NET LIABILITIES (17,895 ) (28,561 )

CAPITAL AND RESERVES
Called up share capital 102 102
Capital redemption reserve 6 6
Retained earnings (18,003 ) (28,669 )
SHAREHOLDERS' FUNDS (17,895 ) (28,561 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

M.K. TECHNOLOGY LIMITED (REGISTERED NUMBER: 01639200)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:




Miss S Langley - Director



A D Langley - Director


M.K. TECHNOLOGY LIMITED (REGISTERED NUMBER: 01639200)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

M.K. Technology Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

M.K. TECHNOLOGY LIMITED (REGISTERED NUMBER: 01639200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 19,525 898,490 38,473
Additions - - -
At 30 November 2023 19,525 898,490 38,473
DEPRECIATION
At 1 December 2022 7,245 767,094 37,763
Charge for year 391 19,710 177
At 30 November 2023 7,636 786,804 37,940
NET BOOK VALUE
At 30 November 2023 11,889 111,686 533
At 30 November 2022 12,280 131,396 710

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 25,102 145,971 1,127,561
Additions - 16,428 16,428
At 30 November 2023 25,102 162,399 1,143,989
DEPRECIATION
At 1 December 2022 12,303 144,297 968,702
Charge for year 3,200 4,525 28,003
At 30 November 2023 15,503 148,822 996,705
NET BOOK VALUE
At 30 November 2023 9,599 13,577 147,284
At 30 November 2022 12,799 1,674 158,859

M.K. TECHNOLOGY LIMITED (REGISTERED NUMBER: 01639200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 343,816 25,102 17,317 386,235
Additions - - 16,428 16,428
At 30 November 2023 343,816 25,102 33,745 402,663
DEPRECIATION
At 1 December 2022 250,265 12,303 15,664 278,232
Charge for year 14,033 3,200 4,520 21,753
At 30 November 2023 264,298 15,503 20,184 299,985
NET BOOK VALUE
At 30 November 2023 79,518 9,599 13,561 102,678
At 30 November 2022 93,551 12,799 1,653 108,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 162,500 205,359
Other debtors 29,777 40,472
192,277 245,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 48,762 53,315
Hire purchase contracts 13,930 16,724
Trade creditors 40,089 73,257
Taxation and social security 88,848 69,763
Other creditors 105,941 144,763
297,570 357,822

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 59,613 107,737
Hire purchase contracts 35,627 29,553
95,240 137,290

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30 November 2023, an amount of £2,482 (2022 £13,177) was due from Miss S Langley which is included within debtors on the balance sheet.

At 30 November 2023, an amount of £26,632 (2022 £26,632) was due from Mr A D Langley which is included within debtors on the balance sheet.

M.K. TECHNOLOGY LIMITED (REGISTERED NUMBER: 01639200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Langley and Miss S Langley.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
M.K. TECHNOLOGY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M.K. Technology Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of M.K. Technology Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M.K. Technology Limited and state those matters that we have agreed to state to the Board of Directors of M.K. Technology Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M.K. Technology Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M.K. Technology Limited. You consider that M.K. Technology Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M.K. Technology Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD


19 August 2024