MK KARTING LIMITED

Company Registration Number:
11951908 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

MK KARTING LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

MK KARTING LIMITED

Company Information

for the Period Ended 30 April 2024




Director: K Clark
B Clark
Registered office: 4
High Street
Chobham
Woking
England
GU24 8AA
Company Registration Number: 11951908 (England and Wales)

MK KARTING LIMITED

Balance sheet

As at 30 April 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 155 305
Total fixed assets: 155 305
Current assets
Stocks: 80,202 90,051
Debtors: 6,438 4,164
Cash at bank and in hand: 2,406 708
Total current assets: 89,046 94,923
Creditors: amounts falling due within one year: ( 77,844 ) ( 84,018 )
Net current assets (liabilities): 11,202 10,905
Total assets less current liabilities: 11,357 11,210
Total net assets (liabilities): 11,357 11,210

The notes form part of these financial statements

MK KARTING LIMITED

Balance sheet continued

As at 30 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 11,257 11,110
Shareholders funds: 11,357 11,210

For the year ending 30 April 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 January 2025
And Signed On Behalf Of The Board By:

Name: K Clark
Status: Director

The notes form part of these financial statements

MK KARTING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable for racewear net of VAT and trade discounts.

    Tangible fixed assets depreciation policy

    Annual depreciation of equipment is calculated at 25% of cost to write off the cost of the asset, less its residual value, over its estimated useful economic life.

    Valuation information and policy

    Stock is valued at the lower of cost and net relisable value, after making allowances for obsolete and slow-moving items. Cost includes all direct expenditure and overheads.

MK KARTING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

MK KARTING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 3. Off balance sheet disclosure

    No

MK KARTING LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible Assets

Total
Cost £
At 01 May 2023 741
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2024 741
Depreciation
At 01 May 2023 436
Charge for year 150
On disposals -
Other adjustments -
At 30 April 2024 586
Net book value
At 30 April 2024 155
At 30 April 2023 305