Company Registration No. 11727894 (England and Wales)
MPK Technologies Ltd
Unaudited accounts
for the year ended 31 December 2024
MPK Technologies Ltd
Unaudited accounts
Contents
MPK Technologies Ltd
Company Information
for the year ended 31 December 2024
Directors
Matthias Kurz
Roman Reithmayer
Company Number
11727894 (England and Wales)
Registered Office
4th Floor Office
205 Regent Street
London
London
W1B 4HB
England
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
MPK Technologies Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
1,050
1,888
Cash at bank and in hand
15,357
15,716
Creditors: amounts falling due within one year
(75,266)
(37,734)
Net current liabilities
(48,553)
(9,277)
Net liabilities
(47,503)
(7,389)
Called up share capital
100
100
Profit and loss account
(47,603)
(7,489)
Shareholders' funds
(47,503)
(7,389)
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by
Matthias Kurz
Director
Company Registration No. 11727894
MPK Technologies Ltd
Notes to the Accounts
for the year ended 31 December 2024
MPK Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 11727894. The registered office is 4th Floor Office, 205 Regent Street, London, London, W1B 4HB, 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.
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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% Straight Line
Computer equipment
33% Straight Line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
MPK Technologies Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
1,842
1,408
3,250
At 31 December 2024
1,842
1,408
3,250
At 1 January 2024
736
626
1,362
Charge for the year
368
470
838
At 31 December 2024
1,104
1,096
2,200
At 31 December 2024
738
312
1,050
At 31 December 2023
1,106
782
1,888
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
4,857
3,599
Taxes and social security
-
449
Loans from directors
62,566
27,339
Allotted, called up and fully paid:
10,000 Ordinary shares of £0.01 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2023: 1).