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REGISTERED NUMBER: 09936238 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

MK Roofing Group Limited

MK Roofing Group Limited (Registered number: 09936238)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


MK Roofing Group Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr M J Kay





SECRETARY: Miss P M A Marsella





REGISTERED OFFICE: 4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF





REGISTERED NUMBER: 09936238 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

MK Roofing Group Limited (Registered number: 09936238)

Abridged Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,503 172,291

CURRENT ASSETS
Stocks 350,000 324,564
Debtors 298,017 230,821
Prepayments and accrued income 11,237 1,233
Cash at bank and in hand 26 11,361
659,280 567,979
CREDITORS
Amounts falling due within one year 618,111 435,611
NET CURRENT ASSETS 41,169 132,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,672

304,659

CREDITORS
Amounts falling due after more than one year (117,047 ) (175,447 )

PROVISIONS FOR LIABILITIES (19,000 ) -
NET ASSETS 15,625 129,212

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 15,623 129,210
SHAREHOLDERS' FUNDS 15,625 129,212

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.

MK Roofing Group Limited (Registered number: 09936238)

Abridged Statement of Financial Position - 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 Statement of Financial Position 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





Mr M J Kay - Director


MK Roofing Group Limited (Registered number: 09936238)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

MK Roofing Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, which are described above, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

There are no areas that are considered to be key sources of estimation uncertainty.

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.
Improvements to property - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost and 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 40.00% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

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.

MK Roofing Group Limited (Registered number: 09936238)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any provisions for amounts considered irrecoverable.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 314,110
Additions 1,455
At 31 January 2024 315,565
DEPRECIATION
At 1 February 2023 141,819
Charge for year 63,243
At 31 January 2024 205,062
NET BOOK VALUE
At 31 January 2024 110,503
At 31 January 2023 172,291

5. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,624 3,624
Other loans 20,000 20,000
23,624 23,624

Amounts falling due between two and five years:
Bank loans - more than 1 year 7,902 10,376
Other loans - 2-5 years 25,000 45,000
32,902 55,376

MK Roofing Group Limited (Registered number: 09936238)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr M J Kay
Balance outstanding at start of year (29,998 ) 79,012
Amounts advanced 64,307 295,883
Amounts repaid (39,337 ) (404,893 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,028 ) (29,998 )

The directors loan account has been repaid within 9 months after the financial year end.