Acorah Software Products - Accounts Production 16.0.110 true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC497657 Mr Michael Renwick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC497657 2023-03-31 SC497657 2024-03-31 SC497657 2023-04-01 2024-03-31 SC497657 frs-core:CurrentFinancialInstruments 2024-03-31 SC497657 frs-core:Non-currentFinancialInstruments 2024-03-31 SC497657 frs-core:NetGoodwill 2024-03-31 SC497657 frs-core:NetGoodwill 2023-04-01 2024-03-31 SC497657 frs-core:NetGoodwill 2023-03-31 SC497657 frs-core:ShareCapital 2024-03-31 SC497657 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC497657 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC497657 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC497657 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC497657 frs-bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 SC497657 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC497657 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC497657 frs-bus:Director1 2023-04-01 2024-03-31 SC497657 frs-countries:Scotland 2023-04-01 2024-03-31 SC497657 2022-03-31 SC497657 2023-03-31 SC497657 2022-04-01 2023-03-31 SC497657 frs-core:CurrentFinancialInstruments 2023-03-31 SC497657 frs-core:Non-currentFinancialInstruments 2023-03-31 SC497657 frs-core:ShareCapital 2023-03-31 SC497657 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC497657
MKN Motors Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC497657
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 9,221 9,221
Cash at bank and in hand 2,498 2,498
11,719 11,719
Creditors: Amounts Falling Due Within One Year 6 (7,955 ) (7,955 )
NET CURRENT ASSETS (LIABILITIES) 3,764 3,764
TOTAL ASSETS LESS CURRENT LIABILITIES 3,764 3,764
Creditors: Amounts Falling Due After More Than One Year 7 (11,307 ) (11,307 )
NET LIABILITIES (7,543 ) (7,543 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (7,553 ) (7,553 )
SHAREHOLDERS' FUNDS (7,543) (7,543)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Renwick
Director
29th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MKN Motors Ltd Registered number SC497657 is a limited by shares company incorporated in Scotland. The Registered Office is Office 2, 30/2 Eskbank Office Complex, Hardengreen Industrial Estate, Dalkeith , Midlothian, EH22 3NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 4 years.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Amortisation
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 9,221 9,221
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 1,200 1,200
Director's loan account 6,755 6,755
7,955 7,955
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,307 11,307
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Page 4
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4