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MKG Bournemouth Ltd
Registered Number:12005672
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
MKG Bournemouth Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12005672
As at 31 May 2024
MKG Bournemouth Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,180
1,400
2
1,180
1,400
Current assets
Inventories
2,608
3,164
3
Trade and other receivables
227
1,548
4
9,972
Cash and cash equivalents
2,518
7,230
12,807
Trade and other payables: amounts falling due within one
year
(13,402)
(7,990)
5
(595)
(760)
Net current liabilities
Total assets less current liabilities
420
805
(224)
(266)
Provisions for liabilities
196
Net assets
539
Capital and reserves
Called up share capital
2
2
Retained earnings
194
537
196
539
Shareholders' funds
For the year ended 31 May 2024 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
O M Hill Director
These financial statements were approved and authorised for issue by the Board on 25 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2024
MKG Bournemouth Ltd
Notes to the Financial Statements
Statutory Information
MKG Bournemouth Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12005672.
Registered address:
2 Firtree Cottage
Bloxworth
Wareham
England
BH20 7EG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Reducing balance
Computer Equipment
25 Reducing balance
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 June 2023
2,048
428
1,620
173
-
173
Additions
At 31 May 2024
1,793
428
2,221
Provision for depreciation and impairment
At 01 June 2023
648
138
510
Charge for year
393
72
321
At 31 May 2024
1,041
210
831
At 31 May 2024
Net book value
962
218
1,180
At 31 May 2023
1,110
290
1,400
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5
For the year ended 31 May 2024
MKG Bournemouth Ltd
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
3,164
2,608
4. Trade and other receivables
2023
2024
£
£
Other debtors
1,548
227
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
34
543
Taxation and social security
1,857
1,281
Other creditors
6,099
11,578
7,990
13,402
Included within taxation and social security is corporation tax of £1,857 (2023: £1,281).
6. Related party transactions
A dividend of £4,000 was paid to each of the directors in the year.
The company is under the effective control of its directors.
7. Directors advances and guarantees
At 01/06/2023
Loaned
At 31/05/2024
£
£
£
O M Hill
Loan from the director
3,498
978
2,520
3,498
978
2,520
R B Miley
Loan from director
2,000
-
2,000
2,000
-
2,000
8. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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