IRIS Accounts Production v24.3.2.46 01865783 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018657832024-01-31018657832025-01-31018657832024-02-012025-01-31018657832023-11-30018657832023-12-012024-01-31018657832024-01-3101865783ns15:EnglandWales2024-02-012025-01-3101865783ns14:PoundSterling2024-02-012025-01-3101865783ns10:Director12024-02-012025-01-3101865783ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3101865783ns10:SmallEntities2024-02-012025-01-3101865783ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3101865783ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3101865783ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3101865783ns10:FullAccounts2024-02-012025-01-3101865783ns10:Director22024-02-012025-01-3101865783ns10:RegisteredOffice2024-02-012025-01-3101865783ns5:CurrentFinancialInstruments2025-01-3101865783ns5:CurrentFinancialInstruments2024-01-3101865783ns5:Non-currentFinancialInstruments2025-01-3101865783ns5:Non-currentFinancialInstruments2024-01-3101865783ns5:ShareCapital2025-01-3101865783ns5:ShareCapital2024-01-3101865783ns5:CapitalRedemptionReserve2025-01-3101865783ns5:CapitalRedemptionReserve2024-01-3101865783ns5:RetainedEarningsAccumulatedLosses2025-01-3101865783ns5:RetainedEarningsAccumulatedLosses2024-01-3101865783ns5:LeaseholdImprovements2024-02-012025-01-3101865783ns5:PlantMachinery2024-02-012025-01-3101865783ns5:FurnitureFittings2024-02-012025-01-3101865783ns5:MotorVehicles2024-02-012025-01-3101865783ns5:ComputerEquipment2024-02-012025-01-3101865783ns5:LeaseholdImprovements2024-01-3101865783ns5:PlantMachinery2024-01-3101865783ns5:FurnitureFittings2024-01-3101865783ns5:LeaseholdImprovements2025-01-3101865783ns5:PlantMachinery2025-01-3101865783ns5:FurnitureFittings2025-01-3101865783ns5:LeaseholdImprovements2024-01-3101865783ns5:PlantMachinery2024-01-3101865783ns5:FurnitureFittings2024-01-3101865783ns5:MotorVehicles2024-01-3101865783ns5:ComputerEquipment2024-01-3101865783ns5:MotorVehicles2025-01-3101865783ns5:ComputerEquipment2025-01-3101865783ns5:MotorVehicles2024-01-3101865783ns5:ComputerEquipment2024-01-3101865783ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3101865783ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3101865783ns5:Non-currentFinancialInstruments2024-02-012025-01-3101865783ns5:WithinOneYear2025-01-3101865783ns5:WithinOneYear2024-01-3101865783ns5:BetweenOneFiveYears2025-01-3101865783ns5:BetweenOneFiveYears2024-01-3101865783ns5:AllPeriods2025-01-3101865783ns5:AllPeriods2024-01-31
REGISTERED NUMBER: 01865783 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2025

for

M.k. Marking Systems Limited

M.k. Marking Systems Limited (Registered number: 01865783)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M.k. Marking Systems Limited

Company Information
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: S D Curry
L A Curry





REGISTERED OFFICE: The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN





REGISTERED NUMBER: 01865783 (England and Wales)

M.k. Marking Systems Limited (Registered number: 01865783)

Balance Sheet
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,338 94,051

CURRENT ASSETS
Stocks 21,892 23,777
Debtors 5 203,657 230,474
Cash at bank and in hand 171,981 543,113
397,530 797,364
CREDITORS
Amounts falling due within one year 6 148,427 137,357
NET CURRENT ASSETS 249,103 660,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,441

754,058

CREDITORS
Amounts falling due after more than one
year

7

(18,070

)

-

PROVISIONS FOR LIABILITIES (18,710 ) (19,116 )
NET ASSETS 322,661 734,942

CAPITAL AND RESERVES
Called up share capital 198 198
Capital redemption reserve 200 200
Retained earnings 322,263 734,544
322,661 734,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

M.k. Marking Systems Limited (Registered number: 01865783)

Balance Sheet - continued
31 JANUARY 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:





S D Curry - Director


M.k. Marking Systems Limited (Registered number: 01865783)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

M.k. Marking Systems Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% straight line on cost
Plant & machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

M.k. Marking Systems Limited (Registered number: 01865783)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

M.k. Marking Systems Limited (Registered number: 01865783)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2024 - 17 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant & and
property machinery fittings
£    £    £   
COST
At 1 February 2024 7,749 342,837 3,122
Additions - 19,145 1,004
Disposals - (30,617 ) -
At 31 January 2025 7,749 331,365 4,126
DEPRECIATION
At 1 February 2024 6,005 285,655 2,270
Charge for year 775 11,900 209
Eliminated on disposal - (25,510 ) -
At 31 January 2025 6,780 272,045 2,479
NET BOOK VALUE
At 31 January 2025 969 59,320 1,647
At 31 January 2024 1,744 57,182 852

M.k. Marking Systems Limited (Registered number: 01865783)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 87,681 21,605 462,994
Additions 24,950 3,400 48,499
Disposals (17,495 ) (3,912 ) (52,024 )
At 31 January 2025 95,136 21,093 459,469
DEPRECIATION
At 1 February 2024 56,375 18,638 368,943
Charge for year 9,698 2,300 24,882
Eliminated on disposal (15,272 ) (3,912 ) (44,694 )
At 31 January 2025 50,801 17,026 349,131
NET BOOK VALUE
At 31 January 2025 44,335 4,067 110,338
At 31 January 2024 31,306 2,967 94,051


5. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors 179,827 204,790
Other debtors 23,674 25,684
203,501 230,474

Amounts falling due after more than one year:
Amounts owed by group undertakings 156 -

Aggregate amounts 203,657 230,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 51,188 67,013
Taxation and social security 77,615 50,680
Other creditors 19,624 19,664
148,427 137,357

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other creditors 18,070 -

M.k. Marking Systems Limited (Registered number: 01865783)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Other creditors disclosed at the balance sheet date incudes amounts outstanding in relation to a finance lease agreement. This balance is secured against the assets to which the agreement relates and all balances full due within 5 years.

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 38,000 38,000
Between one and five years 53,833 91,833
91,833 129,833

9. PENSION COMMITMENTS

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. The assets of the scheme are held separately from those of the company in an independently administered fund.

Contributions totalling £1,862 (2023: £1,672) were payable to the fund at the balance sheet date and are included in other creditors.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2025 and the period ended 31 January 2024:

2025 2024
£    £   
**UNKNOWN DIRECTOR 1**
Balance outstanding at start of year - -
Amounts advanced 58 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 58 -

The loan is interest free and repayable on demand.

11. SECURITIES

There is a fixed and floating charge against the present and future assets of the business which relates to the acquisition of this company