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REGISTERED NUMBER: 07004856













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

MK Electronic Solutions Limited

MK Electronic Solutions Limited (Registered number: 07004856)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MK Electronic Solutions Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr Michael Kay
Mrs Julie Kay





REGISTERED OFFICE: 18 Cranleigh Close
Blackrod
Bolton
Lancashire
BL6 5TP





REGISTERED NUMBER: 07004856





ACCOUNTANTS: Mike Egan & Co Limited
Chartered Accountants
168 Lee Lane
Horwich
Bolton
Lancashire
BL6 7AF

MK Electronic Solutions Limited (Registered number: 07004856)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 180 224
180 224

CURRENT ASSETS
Debtors 6 6,200 (272 )
Cash at bank 80,082 82,480
86,282 82,208
CREDITORS
Amounts falling due within one year 7 (68,981 ) (64,037 )
NET CURRENT ASSETS 17,301 18,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,481

18,395

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 17,478 18,392
SHAREHOLDERS' FUNDS 17,481 18,395

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 22 May 2025 and were signed on its behalf by:



Mr Michael Kay - Director


MK Electronic Solutions Limited (Registered number: 07004856)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

MK Electronic Solutions Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 9,000
AMORTISATION
At 1 September 2023
and 31 August 2024 9,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

MK Electronic Solutions Limited (Registered number: 07004856)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 2,182 549 2,731
DEPRECIATION
At 1 September 2023 2,050 457 2,507
Charge for year 26 18 44
At 31 August 2024 2,076 475 2,551
NET BOOK VALUE
At 31 August 2024 106 74 180
At 31 August 2023 132 92 224

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,200 (300 )
Prepayments - 28
6,200 (272 )

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,000 20,045
Tax 8,827 5,728
Social security and other taxes 27 27
Directors' loan accounts 39,243 37,353
Accrued expenses 884 884
68,981 64,037