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Company Registration No. 11364672 (England and Wales)
MK APPLIANCES REPAIR LTD Unaudited accounts for the year ended 30 April 2024
MK APPLIANCES REPAIR LTD Unaudited accounts Contents
Page
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MK APPLIANCES REPAIR LTD Company Information for the year ended 30 April 2024
Director
PLAMEN ANDREEV ASENOV
Company Number
11364672 (England and Wales)
Registered Office
18 MARRAM CLOSE MILTON KEYNES MK6 4LS United Kingdom
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MK APPLIANCES REPAIR LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,200 
1,350 
Tangible assets
3,370 
3,089 
4,570 
4,439 
Current assets
Debtors
- 
3,993 
Cash at bank and in hand
802 
2,503 
802 
6,496 
Creditors: amounts falling due within one year
(4,104)
(5,694)
Net current (liabilities)/assets
(3,302)
802 
Total assets less current liabilities
1,268 
5,241 
Creditors: amounts falling due after more than one year
(2,529)
(2,167)
Net (liabilities)/assets
(1,261)
3,074 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,361)
2,974 
Shareholders' funds
(1,261)
3,074 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 January 2025 and were signed on its behalf by
PLAMEN ANDREEV ASENOV Director Company Registration No. 11364672
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MK APPLIANCES REPAIR LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
MK APPLIANCES REPAIR LTD is a private company, limited by shares, registered in England and Wales, registration number 11364672. The registered office is 18, MARRAM CLOSE, MILTON KEYNES, MK6 4LS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Motor vehicles
25% Straight line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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MK APPLIANCES REPAIR LTD Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
1,500 
At 30 April 2024
1,500 
Amortisation
At 1 May 2023
150 
Charge for the year
150 
At 30 April 2024
300 
Net book value
At 30 April 2024
1,200 
At 30 April 2023
1,350 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
1,973 
2,156 
4,129 
Additions
1,827 
- 
1,827 
At 30 April 2024
3,800 
2,156 
5,956 
Depreciation
At 1 May 2023
493 
547 
1,040 
Charge for the year
1,000 
546 
1,546 
At 30 April 2024
1,493 
1,093 
2,586 
Net book value
At 30 April 2024
2,307 
1,063 
3,370 
At 30 April 2023
1,480 
1,609 
3,089 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
3,187 
Other debtors
- 
806 
- 
3,993 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,000 
1,000 
Trade creditors
- 
400 
Taxes and social security
501 
2,191 
Other creditors
2,599 
2,099 
Accruals
4 
4 
4,104 
5,694 
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MK APPLIANCES REPAIR LTD Notes to the Accounts for the year ended 30 April 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,167 
2,167 
Taxes and social security
1,362 
- 
2,529 
2,167 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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