IRIS Accounts Production v24.3.0.553 10112521 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101125212023-04-30101125212024-04-30101125212023-05-012024-04-30101125212022-04-30101125212022-05-012023-04-30101125212023-04-3010112521ns15:EnglandWales2023-05-012024-04-3010112521ns14:PoundSterling2023-05-012024-04-3010112521ns10:Director12023-05-012024-04-3010112521ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3010112521ns10:SmallEntities2023-05-012024-04-3010112521ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3010112521ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3010112521ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3010112521ns10:FullAccounts2023-05-012024-04-3010112521ns10:Director22023-05-012024-04-3010112521ns10:CompanySecretary12023-05-012024-04-3010112521ns10:RegisteredOffice2023-05-012024-04-3010112521ns5:CurrentFinancialInstruments2024-04-3010112521ns5:CurrentFinancialInstruments2023-04-3010112521ns5:Non-currentFinancialInstruments2024-04-3010112521ns5:Non-currentFinancialInstruments2023-04-3010112521ns5:ShareCapital2024-04-3010112521ns5:ShareCapital2023-04-3010112521ns5:RetainedEarningsAccumulatedLosses2024-04-3010112521ns5:RetainedEarningsAccumulatedLosses2023-04-3010112521ns5:PlantMachinery2023-04-3010112521ns5:PlantMachinery2023-05-012024-04-3010112521ns5:PlantMachinery2024-04-3010112521ns5:PlantMachinery2023-04-3010112521ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3010112521ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 10112521 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

MKR Recovery Services Ltd

MKR Recovery Services Ltd (Registered number: 10112521)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

MKR Recovery Services Ltd

Company Information
for the year ended 30 April 2024







DIRECTORS: E J F Riley
L Martin





SECRETARY:





REGISTERED OFFICE: Ramsgate Road
Richborough
Sandwich
Kent
CT13 9QN





REGISTERED NUMBER: 10112521 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

MKR Recovery Services Ltd (Registered number: 10112521)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 579,540 484,024

CURRENT ASSETS
Debtors 5 238,252 198,106
Cash at bank 222,324 262,178
460,576 460,284
CREDITORS
Amounts falling due within one year 6 440,915 389,203
NET CURRENT ASSETS 19,661 71,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,201

555,105

CREDITORS
Amounts falling due after more than one
year

7

309,197

242,114
NET ASSETS 290,004 312,991

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 289,904 312,891
SHAREHOLDERS' FUNDS 290,004 312,991

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

MKR Recovery Services Ltd (Registered number: 10112521)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





E J F Riley - Director


MKR Recovery Services Ltd (Registered number: 10112521)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

MKR Recovery Services Ltd 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 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.

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.

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.

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 32 (2023 - 22 ) .

MKR Recovery Services Ltd (Registered number: 10112521)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 936,711
Additions 346,719
Disposals (137,856 )
At 30 April 2024 1,145,574
DEPRECIATION
At 1 May 2023 452,687
Charge for year 191,311
Eliminated on disposal (77,964 )
At 30 April 2024 566,034
NET BOOK VALUE
At 30 April 2024 579,540
At 30 April 2023 484,024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 194,756 158,856
Other debtors 43,496 39,250
238,252 198,106

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,216 10,216
Hire purchase contracts 177,581 110,677
Trade creditors 101,195 96,713
Taxation and social security 128,277 138,103
Other creditors 23,646 33,494
440,915 389,203

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,617 20,617
Hire purchase contracts 298,580 221,497
309,197 242,114

MKR Recovery Services Ltd

Report of the Accountants to the Directors of
MKR Recovery Services Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


30 September 2024