Registered Number:12305419 |
For the year ended 30 November 2024
England and Wales
Report of the Director and Unaudited Financial Statements
For the year ended 30 November 2024
MKF World Limited
Contents Page
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6 to 8
Notes to the Financial Statements
For the year ended 30 November 2024
MKF World Limited
Company Information
Amman Moin
Director
12305419
17 London Road
Oadby
Leicester
United Kingdom
LE2 5DL
Intellectual Accountancy Limited
Accountants
9 Victoria Court
Leicester Road, Oadby
Leicester
United Kingdom
LE2 4AF
HBL Bank UK
Bankers
9 Portman Street
London
United Kingdom
W1H 6DZ
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For the year ended 30 November 2024
MKF World Limited
Director's Report
The director presents his report and financial statements for the year ended 30 November 2024.
The company continued to provide business and admin support services during the year under review.
Director
The director who served the company throughout the year was as follows:
Amman Moin
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. |
15 January 2025
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For the year ended 30 November 2024
MKF World Limited
Independent Accountants' Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial |
statements for the year ended 30 November 2024 and you consider that the company is exempt from an audit under |
the Companies Act 2006. 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. |
Intellectual Accountancy Limited
9 Victoria Court
Leicester Road, Oadby
Leicester
United Kingdom
LE2 4AF
15 January 2025
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For the year ended 30 November 2024
MKF World Limited
Income Statement
2023
2024
66,473
49,841
49,841
Gross profit
66,473
(64,836)
(51,300)
Operating profit
1,637
(1,459)
Interest payable and similar charges |
(12,301)
(12,336)
(10,664)
(13,795)
Loss before taxation
(10,664)
Loss for the financial year
(13,795)
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MKF World Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
215,935
4,514
2
215,935
4,514
Trade and other receivables |
26,736
15,230
3
196,201
Cash and cash equivalents |
8,515
23,745
222,937
Trade and other payables: amounts falling due within one |
year |
(47,266)
(70,159)
4
175,671
(46,414)
Net current liabilities
Total assets less current liabilities |
169,521
180,185
Trade and other payables: amounts falling due after more |
than one year |
(210,000)
(210,000)
5
(40,479)
Net liabilities
(29,815)
1
1
(40,480)
(29,816)
(40,479)
(29,815)
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 15 January 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 November 2024
MKF World Limited
Notes to the Financial Statements
Statutory Information
MKF World Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 12305419. |
17 London Road
Oadby
Leicester
United Kingdom
LE2 5DL
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Freehold Property
Computer Equipment
Furniture and Fittings
Foreign currencies
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 rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
Going concern
The director has reviewed the Company's forecasts and projections, taking into account reasonably possible |
changes in trading performance, which show that the Company has sufficient financial resources. On the basis of |
this review, the director has a reasonable expectation that the Company has adequate resources to continue in |
operational existence for 12 months from the date of approval of the financial statements. |
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For the year ended 30 November 2024
MKF World Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
6,996
4,436
2,560
-
213,904
468
883
212,553
212,553
3,443
4,904
220,900
Provision for depreciation and impairment |
2,482
1,502
980
-
Charge for year
2,483
613
444
1,426
4,965
2,115
1,424
1,426
211,127
2,019
2,789
215,935
-
1,580
2,934
4,514
The company purchased commercial building on 13 February 2024 for its own use as its office premises. There is no |
residential element to the building. |
3. Trade and other receivables |
2023
2024
15,230
6,736
-
20,000
26,736
15,230
4. Trade and other payables: amounts falling due within one year |
2023
2024
70,159
47,266
5. Trade and other payables: amounts falling due after more than one year |
2023
2024
210,000
210,000
6. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2).
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For the year ended 30 November 2024
MKF World Limited
Notes to the Financial Statements Continued
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