Company Registration No. 11666524 (England and Wales)
MK101 LTD
Unaudited accounts
for the year ended 30 November 2023
MK101 LTD
Unaudited accounts
Contents
MK101 LTD
Company Information
for the year ended 30 November 2023
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
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
MK101 LTD
Statement of financial position
as at 30 November 2023
Tangible assets
1,100,000
954,001
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)
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
MK101 LTD
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Total
At 1 December 2022
954,001
At 30 November 2023
1,100,000
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).