1 July 2023 false No description of principal activity Taxfiler 2024.6 10600220business:PrivateLimitedCompanyLtd2023-07-012024-06-30 106002202023-06-30 106002202023-07-012024-06-30 10600220business:AuditExemptWithAccountantsReport2023-07-012024-06-30 10600220business:FilletedAccounts2023-07-012024-06-30 106002202024-06-30 10600220business:Director12023-07-012024-06-30 10600220business:RegisteredOffice2023-07-012024-06-30 106002202023-06-30 10600220core:WithinOneYear2024-06-30 10600220core:WithinOneYear2023-06-30 10600220core:AfterOneYear2024-06-30 10600220core:AfterOneYear2023-06-30 10600220core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 10600220core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 10600220core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 10600220core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 10600220core:PreviouslyStatedAmount2024-06-30 10600220core:PreviouslyStatedAmount2023-06-30 10600220business:SmallEntities2023-07-012024-06-30 10600220countries:EnglandWales2023-07-012024-06-30 10600220core:PlantMachinery2023-06-30 10600220core:PlantMachinery2024-06-30 106002202022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 10600220 (England and Wales)
MK MOTORS LTD Unaudited accounts for the year ended 30 June 2024
MK MOTORS LTD Unaudited accounts Contents
Page
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MK MOTORS LTD Company Information for the year ended 30 June 2024
Director
MRS F YASMIN
Company Number
10600220 (England and Wales)
Registered Office
83 PURDY STREET LONDON E3 3PD ENGLAND
Accountants
RK ACCOUNTANTS LTD HALL 1 THE WHITECHAPEL CENTRE 85 MYRDLE STREET LONDON E1 1HL
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MK MOTORS LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
250,288 
250,288 
Current assets
Inventories
160,469 
123,728 
Debtors
4,334 
- 
Cash at bank and in hand
81,768 
25,600 
246,571 
149,328 
Creditors: amounts falling due within one year
(115,799)
(105,889)
Net current assets
130,772 
43,439 
Total assets less current liabilities
381,060 
293,727 
Creditors: amounts falling due after more than one year
(339,107)
(253,956)
Net assets
41,953 
39,771 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
41,952 
39,770 
Shareholders' funds
41,953 
39,771 
For the year ending 30 June 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 director acknowledges her 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 and authorised for issue on 28 March 2025 and were signed on its behalf by
MRS F YASMIN Director Company Registration No. 10600220
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MK MOTORS LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
MK MOTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 10600220. The registered office is 83 PURDY STREET, LONDON, E3 3PD, ENGLAND.
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 year, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
250,288 
At 30 June 2024
250,288 
Depreciation
At 30 June 2024
- 
Net book value
At 30 June 2024
250,288 
At 30 June 2023
250,288 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
4,334 
- 
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MK MOTORS LTD Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,454 
Trade creditors
65,968 
86,505 
Taxes and social security
19,131 
17,930 
Accruals
30,700 
- 
115,799 
105,889 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
23,080 
33,728 
Loans from directors
316,027 
220,228 
339,107 
253,956 
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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