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REGISTERED NUMBER: 13005836 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Mkp2 Limited

Mkp2 Limited (Registered number: 13005836)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mkp2 Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M E Poonawala





REGISTERED OFFICE: 21 The Twenty One Building,
First Floor
Harrow
HA1 4ES





REGISTERED NUMBER: 13005836 (England and Wales)





ACCOUNTANTS: Ahmed & Co
The Twenty One Building
21 Pinner Road
Harrow
HA1 4ES

Mkp2 Limited (Registered number: 13005836)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,280 71,146

CURRENT ASSETS
Stocks 5,230 7,520
Debtors 5 118,043 77,726
Cash at bank and in hand 39,704 43,841
162,977 129,087
CREDITORS
Amounts falling due within one year 6 48,939 52,382
NET CURRENT ASSETS 114,038 76,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,318

147,851

CREDITORS
Amounts falling due after more than
one year

7

(27,070

)

(61,570

)

PROVISIONS FOR LIABILITIES (13,518 ) (13,518 )
NET ASSETS 124,730 72,763

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 124,630 72,663
SHAREHOLDERS' FUNDS 124,730 72,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Mkp2 Limited (Registered number: 13005836)

Balance Sheet - continued
31 October 2023


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 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:





M E Poonawala - Director


Mkp2 Limited (Registered number: 13005836)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Mkp2 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


Mkp2 Limited (Registered number: 13005836)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 86,556 1,372 87,928
Additions 6,641 1,744 8,385
Disposals (24,011 ) - (24,011 )
At 31 October 2023 69,186 3,116 72,302
DEPRECIATION
At 1 November 2022 16,183 599 16,782
Charge for year 7,701 1,101 8,802
Eliminated on disposal (4,562 ) - (4,562 )
At 31 October 2023 19,322 1,700 21,022
NET BOOK VALUE
At 31 October 2023 49,864 1,416 51,280
At 31 October 2022 70,373 773 71,146

Mkp2 Limited (Registered number: 13005836)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 10,197 6,548
Other debtors 7,823 14,323
Prepayments 31,878 21,503
49,898 42,374

Amounts falling due after more than one year:
Amounts owed by group undertakings 68,145 35,352

Aggregate amounts 118,043 77,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 9,736 31,102
Social security and other taxes 5,168 4,108
VAT 22,822 7,815
Other creditors 8,490 8,220
Directors' current accounts 1,773 187
Accrued expenses 950 950
48,939 52,382

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed to group undertakings 27,070 61,570