Registered number
08153510
MKMA Ltd
Report and Unaudited Accounts
31 December 2023
MKMA Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MKMA Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MKMA Ltd for the year ended 31 December 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 practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Adam Accounting Services Ltd
Chartered Accountants
8 Lanercost Crescent
Milton Keynes
Buckinghamshire
MK10 9EB
18 September 2024
MKMA Ltd
Registered number: 08153510
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,421,369 1,493,716
Creditors: amounts falling due within one year 4 (2,077,256) (2,076,976)
Net current (liabilities) (2,077,256) (2,076,976)
Net (liabilities) (655,887) (583,260)
Capital and reserves
Profit and loss account (655,887) (583,260)
Shareholder's funds (655,887) (583,260)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M M Hikal
Director
Approved by the board on 18 September 2024
MKMA Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Income received by way of donations or from functions is only recorded in the financial statements when the cash is received. All donations were received by the Association. Income receivable from recharges to the Association is accrued in line with provision of related services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 3 - 15 years straight line
Fixtures, fittings, tools and equipment 3 - 15 years straight line
Long leasehold land and building over 30 years straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and less any impairment losses for bad and doubtful debts. The debtor balance has not been amortised with interest rate as the effect of the amorisation has not been considered material and due to religous observation.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs. The creditor balance has not been amortised with interest rate as the effect of the amorisation has not been considered material and due to religous observation.
Taxation
The company is potentially exempt from corporation tax on activities of charitable nature.
Company limited by gurantee
Company is limited by gurantee and consequently does not have share capital.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 1,924,840 175,511 2,100,351
At 31 December 2023 1,924,840 175,511 2,100,351
Depreciation
At 1 January 2023 462,484 144,121 606,605
Charge for the year 54,730 17,647 72,377
At 31 December 2023 517,214 161,768 678,982
Net book value
At 31 December 2023 1,407,626 13,743 1,421,369
At 31 December 2022 1,462,356 31,390 1,493,746
4 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,076,976 2,076,726
Other creditors 280 250
2,077,256 2,076,976
5 Other information
MKMA Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Islamic Centre MK Truby Garden
Coffee Hall
MK6 5HA
MKMA Ltd 08153510 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts July 2024 M M Hikal No description of principal activity 08153510 2022-01-01 2022-12-31 08153510 core:WithinOneYear 2022-12-31 08153510 core:RetainedEarningsAccumulatedLosses 2022-12-31 08153510 2023-01-01 2023-12-31 08153510 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08153510 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08153510 bus:Director40 2023-01-01 2023-12-31 08153510 1 2023-01-01 2023-12-31 08153510 2 2023-01-01 2023-12-31 08153510 core:LandBuildings 2023-01-01 2023-12-31 08153510 core:PlantMachinery 2023-01-01 2023-12-31 08153510 countries:England 2023-01-01 2023-12-31 08153510 bus:FRS102 2023-01-01 2023-12-31 08153510 bus:FilletedAccounts 2023-01-01 2023-12-31 08153510 2023-12-31 08153510 core:WithinOneYear 2023-12-31 08153510 core:RetainedEarningsAccumulatedLosses 2023-12-31 08153510 core:LandBuildings 2023-12-31 08153510 core:PlantMachinery 2023-12-31 08153510 2022-12-31 08153510 core:LandBuildings 2022-12-31 08153510 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure