MK Cardia Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12009138 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MK CARDIA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr A R Money-Kyrle

REGISTERED OFFICE:

Eden House

Two Rivers Business Park

Witney

Oxfordshire

OX28 4BL

BUSINESS ADDRESS:

Winchendon Hill Farm

Nether Winchendon

Aylesbury

Buckinghamshire

HP18 0DY

REGISTERED NUMBER:

12009138 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Eden House

Two Rivers Business Park

Witney

Oxfordshire

OX28 4BL

FIXED ASSETS

Tangible assets

4

47,648

19,161

CURRENT ASSETS

Debtors

5

139,827

85,732

Cash at bank

56,297

37,693

196,124

123,425

CREDITORS

Amounts falling due within one year

6

53,238

36,586

NET CURRENT ASSETS

142,886

86,839

TOTAL ASSETS LESS CURRENT
LIABILITIES

190,534

106,000

CREDITORS

Amounts falling due after more than one
year

7

(25,059

)

-

PROVISIONS FOR LIABILITIES

8

(2,435

)

(4,388

)

NET ASSETS

163,040

101,612

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

162,940

101,512

SHAREHOLDERS' FUNDS

163,040

101,612

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 December 2025 and were signed by:

Dr A R Money-Kyrle - Director

1.	STATUTORY INFORMATION

MK Cardia Ltd 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Equipment

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 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.

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 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

Equipment

vehicles

equipment

Totals

£

COST

At 1 April 2024

37,220

-

4,731

41,951

Additions

-

45,607

-

45,607

Disposals

(2,272

)

-

(2,272

)

At 31 March 2025

34,948

45,607

4,731

85,286

DEPRECIATION

At 1 April 2024

21,047

-

1,743

22,790

Charge for year

4,010

11,402

1,577

16,989

Eliminated on disposal

(2,141

)

-

(2,141

)

At 31 March 2025

22,916

11,402

3,320

37,638

NET BOOK VALUE

At 31 March 2025

12,032

34,205

1,411

47,648

At 31 March 2024

16,173

-

2,988

19,161

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

19,833

17,337

Other debtors

79,297

68,395

Loan due from LIG Equity Ltd

40,697

-

139,827

85,732

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other loans

7,856

7,640

Hire purchase contracts

7,926

-

Tax

32,420

23,866

Directors' current accounts

3,117

3,154

Accruals and deferred income

1,919

1,926

53,238

36,586

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Hire purchase contracts

25,059

-

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

Accelerated capital allowances

2,435

4,388

Deferred

tax

£

Balance at 1 April 2024

4,388

Credit to Income Statement during year

(1,953

)

Balance at 31 March 2025

2,435

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of Dr. A. Money-Kyrle throughout the current period by virtue of his shareholding.