Company Registration No. 11666524 (England and Wales)
MK101 LTD
Unaudited accounts
for the year ended 30 November 2024
MK101 LTD
Unaudited accounts
Contents
MK101 LTD
Company Information
for the year ended 30 November 2024
Company Number
11666524 (England and Wales)
Registered Office
31 BUCKINGHAM AVENUE
SLOUGH
SL1 4QA
ENGLAND
MK101 LTD
Statement of financial position
as at 30 November 2024
Tangible assets
1,110,000
1,100,000
Cash at bank and in hand
1,799
5,977
Creditors: amounts falling due within one year
(75,109)
(73,308)
Net current liabilities
(73,310)
(67,331)
Total assets less current liabilities
1,036,690
1,032,669
Creditors: amounts falling due after more than one year
(821,757)
(827,314)
Provisions for liabilities
Deferred tax
(61,380)
(59,480)
Net assets
153,553
145,875
Called up share capital
1
1
Profit and loss account
153,552
145,874
Shareholders' funds
153,553
145,875
For the year ending 30 November 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 his 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 24 July 2025 and were signed on its behalf by
Malkiat Kang
Director
Company Registration No. 11666524
MK101 LTD
Notes to the Accounts
for the year ended 30 November 2024
MK101 LTD is a private company, limited by shares, registered in England and Wales, registration number 11666524. The registered office is 31 BUCKINGHAM AVENUE, SLOUGH, SL1 4QA, 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.
These financial statements for the year ended 30 November 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Land & buildings
Cost or valuation
At valuation
At 1 December 2023
1,100,000
At 30 November 2024
1,110,000
At 30 November 2024
1,110,000
At 30 November 2023
1,100,000
MK101 LTD
Notes to the Accounts
for the year ended 30 November 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,556
5,556
Loans from directors
69,553
67,752
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
583,450
589,006
Loans from directors
238,307
238,308
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).