1 December 2022 false No description of principal activity Taxfiler 2024.5 11666524business:PrivateLimitedCompanyLtd2022-12-012023-11-30 116665242022-11-30 116665242022-12-012023-11-30 11666524business:AuditExemptWithAccountantsReport2022-12-012023-11-30 11666524business:AbridgedAccounts2022-12-012023-11-30 116665242023-11-30 11666524business:Director12022-12-012023-11-30 11666524business:RegisteredOffice2022-12-012023-11-30 116665242022-11-30 11666524core:WithinOneYear2023-11-30 11666524core:WithinOneYear2022-11-30 11666524core:AfterOneYear2023-11-30 11666524core:AfterOneYear2022-11-30 11666524core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 11666524core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 11666524core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 11666524core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 11666524core:PreviouslyStatedAmount2023-11-30 11666524core:PreviouslyStatedAmount2022-11-30 11666524business:SmallEntities2022-12-012023-11-30 11666524countries:EnglandWales2022-12-012023-11-30 116665242021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 11666524 (England and Wales)
MK101 LTD Unaudited accounts for the year ended 30 November 2023
MK101 LTD Unaudited accounts Contents
Page
- 2 -
MK101 LTD Company Information for the year ended 30 November 2023
Director
Malkiat Kang
Company Number
11666524 (England and Wales)
Registered Office
31 BUCKINGHAM AVENUE SLOUGH SL1 4QA ENGLAND
Accountants
Asmat & Co 84 High Street Slough Berkshire SL1 1EL
- 3 -
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MK101 LTD for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MK101 LTD for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Asmat & Co Member in Practice 84 High Street Slough Berkshire SL1 1EL 16 September 2024
- 4 -
MK101 LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,100,000 
954,001 
Current assets
Cash at bank and in hand
5,977 
13,757 
Creditors: amounts falling due within one year
(73,308)
(53,309)
Net current liabilities
(67,331)
(39,552)
Total assets less current liabilities
1,032,669 
914,449 
Creditors: amounts falling due after more than one year
(827,314)
(832,869)
Provisions for liabilities
Deferred tax
(59,480)
(31,740)
Net assets
145,875 
49,840 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
145,874 
49,839 
Shareholders' funds
145,875 
49,840 
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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 16 September 2024 and were signed on its behalf by
Malkiat Kang Director Company Registration No. 11666524
- 5 -
MK101 LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
MK101 LTD is a private company, limited by shares, registered in England and Wales, registration number 11666524. The registered office is 31 BUCKINGHAM AVENUE, SLOUGH, SL1 4QA, 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.
3
Accounting policies
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2022
954,001 
Revaluations
145,999 
At 30 November 2023
1,100,000 
Depreciation
At 30 November 2023
- 
Net book value
At 30 November 2023
1,100,000 
At 30 November 2022
954,001 
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -