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REGISTERED NUMBER: SC357406 (Scotland)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

M&K Scotland Ltd

M&K Scotland Ltd (Registered number: SC357406)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M&K Scotland Ltd

Company Information
For The Year Ended 31 March 2024







DIRECTORS: K Mahmood
M Mahmood





REGISTERED OFFICE: 130 West Main Street
Armadale
Bathgate
EH48 3HX





REGISTERED NUMBER: SC357406 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

M&K Scotland Ltd (Registered number: SC357406)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 537,328 764,000
Cash at bank 688,780 505,839
1,226,108 1,269,839
CREDITORS
Amounts falling due within one year 5 128,762 128,709
NET CURRENT ASSETS 1,097,346 1,141,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,097,346

1,141,130

CREDITORS
Amounts falling due after more than one
year

6

22,500

33,430
NET ASSETS 1,074,846 1,107,700

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 1,074,746 1,107,600
SHAREHOLDERS' FUNDS 1,074,846 1,107,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 February 2025 and were signed on its behalf by:




M Mahmood - Director


M&K Scotland Ltd (Registered number: SC357406)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

M&K Scotland Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Murieston Conv Store Ltd 70,000 300,000
Prepayments 3,328 -
73,328 300,000

Amounts falling due after more than one year:
Other debtors 464,000 464,000

Aggregate amounts 537,328 764,000

M&K Scotland Ltd (Registered number: SC357406)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bounce back loan 10,000 -
Tax 6,180 6,160
Director's Loan 112,582 120,869
Accrued expenses - 1,680
128,762 128,709

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bounce back loan 22,500 33,430

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2023 1,107,600
Profit for the year 27,146
Dividends (60,000 )
At 31 March 2024 1,074,746