28 February 2023 false No description of principal activity Taxfiler 2024.6 07284011business:PrivateLimitedCompanyLtd2023-02-282024-02-27 072840112023-02-27 072840112023-02-282024-02-27 07284011business:AuditExempt-NoAccountantsReport2023-02-282024-02-27 07284011business:FilletedAccounts2023-02-282024-02-27 072840112024-02-27 07284011business:Director12023-02-282024-02-27 07284011business:Director22023-02-282024-02-27 07284011business:RegisteredOffice2023-02-282024-02-27 072840112023-02-27 07284011core:WithinOneYear2024-02-27 07284011core:WithinOneYear2023-02-27 07284011core:AfterOneYear2024-02-27 07284011core:AfterOneYear2023-02-27 07284011core:ShareCapitalcore:PreviouslyStatedAmount2024-02-27 07284011core:ShareCapitalcore:PreviouslyStatedAmount2023-02-27 07284011core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-27 07284011core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-27 07284011core:PreviouslyStatedAmount2024-02-27 07284011core:PreviouslyStatedAmount2023-02-27 07284011business:SmallEntities2023-02-282024-02-27 07284011countries:EnglandWales2023-02-282024-02-27 07284011core:MotorVehicles2023-02-282024-02-27 07284011core:FurnitureFittings2023-02-282024-02-27 07284011core:MotorVehicles2023-02-27 07284011core:FurnitureFittings2023-02-27 07284011core:MotorVehicles2024-02-27 07284011core:FurnitureFittings2024-02-27 07284011business:OrdinaryShareClass12023-02-282024-02-27 07284011business:OrdinaryShareClass12022-02-282023-02-27 072840112022-02-282023-02-27 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07284011 (England and Wales)
M.K. Carpets Ltd Unaudited accounts for the period from 28 February 2023 to 27 February 2024
M.K. Carpets Ltd Unaudited accounts Contents
Page
- 2 -
M.K. Carpets Ltd Company Information for the period from 28 February 2023 to 27 February 2024
Directors
Rashid Khan Sarid Khan
Company Number
07284011 (England and Wales)
Registered Office
192 ILFORD LANE ILFORD ESSEX IG1 2LJ
- 3 -
M.K. Carpets Ltd Statement of financial position as at 27 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,729 
3,108 
Current assets
Inventories
41,050 
46,050 
Cash at bank and in hand
32,815 
3,813 
73,865 
49,863 
Creditors: amounts falling due within one year
(96,655)
(151,655)
Net current liabilities
(22,790)
(101,792)
Total assets less current liabilities
(21,061)
(98,684)
Creditors: amounts falling due after more than one year
(29,868)
(38,868)
Net liabilities
(50,929)
(137,552)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(50,930)
(137,553)
Shareholders' funds
(50,929)
(137,552)
For the period ending 27 February 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 directors acknowledge their 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 of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by
Rashid Khan Director Company Registration No. 07284011
- 4 -
M.K. Carpets Ltd Notes to the Accounts for the period from 28 February 2023 to 27 February 2024
1
Statutory information
M.K. Carpets Ltd is a private company, limited by shares, registered in England and Wales, registration number 07284011. The registered office is 192 ILFORD LANE, ILFORD, ESSEX, IG1 2LJ.
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 period, 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on Straight Line Method
Fixtures & fittings
20% at reducing balance method
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 28 February 2023
6,304 
3,686 
9,990 
At 27 February 2024
6,304 
3,686 
9,990 
Depreciation
At 28 February 2023
3,782 
3,100 
6,882 
Charge for the period
1,261 
118 
1,379 
At 27 February 2024
5,043 
3,218 
8,261 
Net book value
At 27 February 2024
1,261 
468 
1,729 
At 27 February 2023
2,522 
586 
3,108 
- 5 -
M.K. Carpets Ltd Notes to the Accounts for the period from 28 February 2023 to 27 February 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
16,896 
41,896 
Taxes and social security
70,677 
80,677 
Loans from directors
9,082 
29,082 
96,655 
151,655 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
29,868 
38,868 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the period the average number of employees was 6 (2023: 6).
- 6 -