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REGISTERED NUMBER: 10495631 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

MK ENTERPRIZE LIMITED

MK ENTERPRIZE LIMITED (Registered number: 10495631)






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


MK ENTERPRIZE LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTOR: G Saha





SECRETARY:





REGISTERED OFFICE: 124 Mildmay Road
Romford
RM7 7BU





REGISTERED NUMBER: 10495631 (England and Wales)





ACCOUNTANTS: Taxpoint Direct Limited
Chartered Certified Accountants &Tax Consultants
310E Sterling House
Langston Road
Loughton
IG10 3TS

MK ENTERPRIZE LIMITED (Registered number: 10495631)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 69,353 77,059
Tangible assets 5 3,352 4,469
72,705 81,528

CURRENT ASSETS
Stocks 6 5,520 3,450
Debtors 7 - 200
Cash at bank and in hand 232,633 212,153
238,153 215,803
CREDITORS
Amounts falling due within one year 8 315,654 297,741
NET CURRENT LIABILITIES (77,501 ) (81,938 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,796

)

(410

)

CREDITORS
Amounts falling due after more than one
year

9

34,406

39,943
NET LIABILITIES (39,202 ) (40,353 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (39,302 ) (40,453 )
SHAREHOLDERS' FUNDS (39,202 ) (40,353 )

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 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.

MK ENTERPRIZE LIMITED (Registered number: 10495631)

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 director and authorised for issue on 29 August 2024 and were signed by:





G Saha - Director


MK ENTERPRIZE LIMITED (Registered number: 10495631)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

MK ENTERPRIZE 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

MK ENTERPRIZE LIMITED (Registered number: 10495631)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 145,000
AMORTISATION
At 1 December 2022 67,941
Amortisation for year 7,706
At 30 November 2023 75,647
NET BOOK VALUE
At 30 November 2023 69,353
At 30 November 2022 77,059

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 20,355 1,838 22,193
DEPRECIATION
At 1 December 2022 16,282 1,442 17,724
Charge for year 1,018 99 1,117
At 30 November 2023 17,300 1,541 18,841
NET BOOK VALUE
At 30 November 2023 3,055 297 3,352
At 30 November 2022 4,073 396 4,469

6. STOCKS
30.11.23 30.11.22
£    £   
Stocks 5,520 3,450

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 200

MK ENTERPRIZE LIMITED (Registered number: 10495631)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 23,579 49,735
Tax 2,121 1,741
Social security and other taxes 445 406
VAT 6,298 4,996
Directors' current accounts 283,211 240,863
315,654 297,741

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 2-5 years 34,406 39,943

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary Share 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 December 2022 (40,453 )
Profit for the year 1,151
At 30 November 2023 (39,302 )