IRIS Accounts Production v24.3.0.553 03744400 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037444002023-06-30037444002024-06-30037444002023-07-012024-06-30037444002022-06-30037444002022-07-012023-06-30037444002023-06-3003744400ns15:EnglandWales2023-07-012024-06-3003744400ns14:PoundSterling2023-07-012024-06-3003744400ns10:Director12023-07-012024-06-3003744400ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003744400ns10:SmallEntities2023-07-012024-06-3003744400ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003744400ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003744400ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003744400ns10:FullAccounts2023-07-012024-06-3003744400ns10:OrdinaryShareClass12023-07-012024-06-3003744400ns10:Director22023-07-012024-06-3003744400ns10:CompanySecretary12023-07-012024-06-3003744400ns10:RegisteredOffice2023-07-012024-06-3003744400ns5:CurrentFinancialInstruments2024-06-3003744400ns5:CurrentFinancialInstruments2023-06-3003744400ns5:Non-currentFinancialInstruments2024-06-3003744400ns5:Non-currentFinancialInstruments2023-06-3003744400ns5:ShareCapital2024-06-3003744400ns5:ShareCapital2023-06-3003744400ns5:CapitalRedemptionReserve2024-06-3003744400ns5:CapitalRedemptionReserve2023-06-3003744400ns5:RetainedEarningsAccumulatedLosses2024-06-3003744400ns5:RetainedEarningsAccumulatedLosses2023-06-3003744400ns5:PlantMachinery2023-07-012024-06-3003744400ns5:FurnitureFittings2023-07-012024-06-3003744400ns5:MotorVehicles2023-07-012024-06-3003744400ns5:ComputerEquipment2023-07-012024-06-3003744400ns5:PlantMachinery2023-06-3003744400ns5:FurnitureFittings2023-06-3003744400ns5:MotorVehicles2023-06-3003744400ns5:ComputerEquipment2023-06-3003744400ns5:PlantMachinery2024-06-3003744400ns5:FurnitureFittings2024-06-3003744400ns5:MotorVehicles2024-06-3003744400ns5:ComputerEquipment2024-06-3003744400ns5:PlantMachinery2023-06-3003744400ns5:FurnitureFittings2023-06-3003744400ns5:MotorVehicles2023-06-3003744400ns5:ComputerEquipment2023-06-3003744400ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3003744400ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3003744400ns5:WithinOneYear2024-06-3003744400ns5:WithinOneYear2023-06-3003744400ns5:BetweenOneFiveYears2024-06-3003744400ns5:BetweenOneFiveYears2023-06-3003744400ns5:AllPeriods2024-06-3003744400ns5:AllPeriods2023-06-3003744400ns10:OrdinaryShareClass12024-06-30037444001ns10:Director12023-06-30037444001ns10:Director12022-06-30037444001ns10:Director12023-07-012024-06-30037444001ns10:Director12022-07-012023-06-30037444001ns10:Director12024-06-30037444001ns10:Director12023-06-30
REGISTERED NUMBER: 03744400 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 June 2024

for

MKP Consultants Limited

MKP Consultants Limited (Registered number: 03744400)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MKP Consultants Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P Kerwood
Mrs K H Kerwood





SECRETARY: Mrs K H Kerwood





REGISTERED OFFICE: Units 1 & 2
Warren Farm Barn
Andover Road, Micheldever Station
Winchester
Hampshire
SO21 3FL





REGISTERED NUMBER: 03744400 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

MKP Consultants Limited (Registered number: 03744400)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,087 59,091

CURRENT ASSETS
Debtors 5 690,235 967,637
Cash at bank 289,952 209,372
980,187 1,177,009
CREDITORS
Amounts falling due within one year 6 755,889 794,025
NET CURRENT ASSETS 224,298 382,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,385

442,075

CREDITORS
Amounts falling due after more than one
year

7

9,882

19,891
NET ASSETS 266,503 422,184

CAPITAL AND RESERVES
Called up share capital 9 300 300
Capital redemption reserve 300 300
Retained earnings 265,903 421,584
SHAREHOLDERS' FUNDS 266,503 422,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MKP Consultants Limited (Registered number: 03744400)

Balance Sheet - continued
30 June 2024


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

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 Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





P Kerwood - Director


MKP Consultants Limited (Registered number: 03744400)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

MKP Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


MKP Consultants Limited (Registered number: 03744400)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 3,394 42,334 57,683 92,613 196,024
Additions 130 9,714 - 14,016 23,860
At 30 June 2024 3,524 52,048 57,683 106,629 219,884
DEPRECIATION
At 1 July 2023 2,525 36,077 43,995 54,336 136,933
Charge for year 380 4,773 3,422 22,289 30,864
At 30 June 2024 2,905 40,850 47,417 76,625 167,797
NET BOOK VALUE
At 30 June 2024 619 11,198 10,266 30,004 52,087
At 30 June 2023 869 6,257 13,688 38,277 59,091

MKP Consultants Limited (Registered number: 03744400)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 504,076 760,461
Other debtors 186,159 207,176
690,235 967,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 544,976 406,856
Taxation and social security 150,953 271,138
Other creditors 49,960 106,031
755,889 794,025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,882 19,891

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 132,726 164,130
Between one and five years 515,734 588,120
648,460 752,250

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
300 Ordinary £1 300 300

MKP Consultants Limited (Registered number: 03744400)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
P Kerwood
Balance outstanding at start of year 120,000 120,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 120,000 120,000

11. RELATED PARTY DISCLOSURES

The director mentioned above was charged £3,600 (2023: £3,600) interest on his advance and at the balance sheet date he owed the company £120,000 (2023: £120,000).

12. ULTIMATE CONTROLLING PARTY

The company is controlled by MKPG Limited, the parent company and sole shareholder.

The parent company has its registered office and place of business at Units 1 & 2 Warren Farm Barn, Andover Road, Micheldever Station, Winchester, Hampshire SO21 3FL.