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Registered number: 01276419
Mokveld U.K. Limited
ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Company Information 1
Abridged Balance Sheet 2
Notes to the Abridged Financial Statements 3—4
Page 1
Company Information
Directors Mr Paul Lavender
Mr Stefanus Weeber
Company Number 01276419
Registered Office 5 East Lane
London
SE16 4UD
Accountants Steward & Co
5 East Lane
London
SE16 4UD
Page 1
Page 2
Abridged Balance Sheet
Registered number: 01276419
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,417 7,648
5,417 7,648
CURRENT ASSETS
Debtors 65,600 257,329
Cash at bank and in hand 5,552 23,172
71,152 280,501
Creditors: Amounts Falling Due Within One Year (84,574 ) (41,874 )
NET CURRENT ASSETS (LIABILITIES) (13,422 ) 238,627
TOTAL ASSETS LESS CURRENT LIABILITIES (8,005 ) 246,275
NET (LIABILITIES)/ASSETS (8,005 ) 246,275
CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Profit and Loss Account (9,005 ) 245,275
SHAREHOLDERS' FUNDS (8,005) 246,275
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Stefanus Weeber
Director
30/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Mokveld U.K. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01276419 . The registered office is 5 East Lane, London, SE16 4UD.
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:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Tangible Assets
Total
£
Cost
As at 1 December 2022 41,128
As at 30 November 2023 41,128
Depreciation
As at 1 December 2022 33,480
Provided during the period 2,231
As at 30 November 2023 35,711
Net Book Value
As at 30 November 2023 5,417
As at 1 December 2022 7,648
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Page 4
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
6. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
7. Parent Undertaking preparing Financial Statements
The parent of the smallest group within which the subsidiary belongs and for which group financial statements are prepared is Favorita Investment Limited, incorporated in Malta and its address is:
Level 8 West, Mercury Tower, Elia Zammit Street, Saint Julian, STJ 3155, Malta
8. Audit Information
The auditors report on the account of Mokveld U.K. Limited for the year ended 30 November 2023 was unqualified
The auditor's report was signed by John Steward (Senior Statutory Auditor) for and on behalf of Steward & Co , Statutory Auditor
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