REGISTERED NUMBER: 06266509 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

MKL SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Uppal

Mrs M Uppal

SECRETARY:

Mrs M Uppal

REGISTERED OFFICE:

81 Mill Lane

Tettenhall Wood

Wolverhampton

West Midlands

WV6 8HE

REGISTERED NUMBER:

06266509 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

4

38,536

114,564

Investments

5

25,000

25,000

63,536

139,564

CURRENT ASSETS

Debtors

6

433,890

358,212

Cash at bank

188,102

55,196

621,992

413,408

CREDITORS

Amounts falling due within one year

7

133,556

140,079

NET CURRENT ASSETS

488,436

273,329

TOTAL ASSETS LESS CURRENT LIABILITIES

551,972

412,893

CREDITORS

Amounts falling due after more than one year

8

-

(24,796

)

PROVISIONS FOR LIABILITIES

(7,322

)

(21,767

)

NET ASSETS

544,650

366,330

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

544,550

366,230

SHAREHOLDERS' FUNDS

544,650

366,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 1 October 2025 and were signed on its behalf by:

S Uppal - Director

1.	STATUTORY INFORMATION

MKL Solutions 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.

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Taxation

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

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.

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 NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

217,655

Additions

7,615

Disposals

(126,435

)

At 30 June 2025

98,835

DEPRECIATION

At 1 July 2024

103,091

Charge for year

20,943

Eliminated on disposal

(63,735

)

At 30 June 2025

60,299

NET BOOK VALUE

At 30 June 2025

38,536

At 30 June 2024

114,564

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2024

188,625

Disposals

(126,435

)

At 30 June 2025

62,190

DEPRECIATION

At 1 July 2024

77,146

Charge for year

16,722

Eliminated on disposal

(63,735

)

At 30 June 2025

30,133

NET BOOK VALUE

At 30 June 2025

32,057

At 30 June 2024

111,479

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2024

and 30 June 2025

25,000

NET BOOK VALUE

At 30 June 2025

25,000

At 30 June 2024

25,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,500

9,375

Amounts owed by participating interests

318,362

240,439

Other debtors

111,028

108,398

433,890

358,212

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

24,796

83,084

Trade creditors

1,361

-

Taxation and social security

104,888

54,548

Other creditors

2,511

2,447

133,556

140,079

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

24,796

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the directors' current account was overdrawn, the maximum amount was £14,028 (2024: £12,525) and the year end balance was £14,028 (2024: £11,398). This has been subsequently repaid.

10.	RELATED PARTY DISCLOSURES

Mr S Uppal (director) is a shareholder of Standing Out Ltd.

During the year the company made loans of £945 (2024 £nil) to Standing Out Ltd and received loan repayments of £nil (2024: £nil). At 30 June 2025 debtors included £156,884 (2024 £155,939) being owed to the company. These loans are interest free and repayable when a level of profit is reached in Standing Out Ltd.

Mr S Uppal (director) is also a director of Paisley Park Performance Ltd.

During the year the company made loans of £76,978 (2024: £5,500) to Paisley Park Performance Ltd. At 30 June 2025 debtors included £161,478 (2024: £84,500) being owed to the company. These loans are interest free and have no fixed date for repayment.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.