M.K.M. EXTRUSIONS LIMITED

Company Registration Number:
01728162 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

M.K.M. EXTRUSIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

M.K.M. EXTRUSIONS LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 94,220 81,092
Total fixed assets: 94,220 81,092
Current assets
Stocks: 52,250 51,500
Debtors:   131,867 44,429
Cash at bank and in hand: 338,035 546,514
Total current assets: 522,152 642,443
Creditors: amounts falling due within one year: 4 (179,367) (221,156)
Net current assets (liabilities): 342,785 421,287
Total assets less current liabilities: 437,005 502,379
Provision for liabilities: (28,983) (23,151)
Total net assets (liabilities): 408,022 479,228
Capital and reserves
Called up share capital: 102 102
Profit and loss account: 407,920 479,126
Shareholders funds: 408,022 479,228

The notes form part of these financial statements

M.K.M. EXTRUSIONS LIMITED

Balance sheet statements

For the year ending 31 July 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 November 2024
and signed on behalf of the board by:

Name: G Molyneux
Status: Director

The notes form part of these financial statements

M.K.M. EXTRUSIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from the sale of goods and the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at the cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings - not depreciated Leasehold land and buildings - over the lease term Plant and machinery - 25% reducing value Fixtures, fittings, tools and equipment - 25% reducing value

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. the carrying amount of stock is recognised as an expense in the period in which the related revenue is recognised.

Other accounting policies

A current tax liability is recognised for the tax payable on the taxable profit of the current or past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax in a previous period. deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

M.K.M. EXTRUSIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 10 10

M.K.M. EXTRUSIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 393,252
Additions 34,255
At 31 July 2024 427,507
Depreciation
At 01 August 2023 312,160
Charge for year 21,127
At 31 July 2024 333,287
Net book value
At 31 July 2024 94,220
At 31 July 2023 81,092

M.K.M. EXTRUSIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

Trade creditors - 43,050 Inter company account - 93,526 Taxation and social security costs - 179,367