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REGISTERED NUMBER: 05028397 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MKS DRAUGHTING LIMITED

MKS DRAUGHTING LIMITED (REGISTERED NUMBER: 05028397)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MKS DRAUGHTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: M K Spencer





REGISTERED OFFICE: 12 Massey Road
Lincoln
Lincolnshire
LN2 4BN





REGISTERED NUMBER: 05028397 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Lincoln) Ltd
Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN

MKS DRAUGHTING LIMITED (REGISTERED NUMBER: 05028397)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2,000 2,090

CURRENT ASSETS
Debtors 11,448 2,133
Cash at bank 10,324 10,338
21,772 12,471
CREDITORS
Amounts falling due within one year 18,102 12,171
NET CURRENT ASSETS 3,670 300
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,670

2,390

PROVISIONS FOR LIABILITIES 380 -
NET ASSETS 5,290 2,390

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,288 2,388
SHAREHOLDERS' FUNDS 5,290 2,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

MKS DRAUGHTING LIMITED (REGISTERED NUMBER: 05028397)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 July 2024 and were signed by:





M K Spencer - Director


MKS DRAUGHTING LIMITED (REGISTERED NUMBER: 05028397)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 17,381
Additions 489
Disposals (569 )
At 31 January 2024 17,301
DEPRECIATION
At 1 February 2023 15,291
Charge for year 713
Eliminated on disposal (703 )
At 31 January 2024 15,301
NET BOOK VALUE
At 31 January 2024 2,000
At 31 January 2023 2,090