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Registration number: 09521884

MK Autospares Limited
Unaudited Filleted Abridged Financial Statements
for the Year Ended 30 April 2025

MK Autospares Limited

Contents

Company Information | 1
Accountants' Report | 2
Abridged Balance Sheet | 3 to 4
Notes to the Unaudited Abridged Financial Statements | 5 to 10
Detailed Profit and Loss Account | 11 to 13

MK Autospares Limited

Company Information

Directors | Mr Mariusz Marek Kuc Mrs Renata Kuc

Registered office | The Mews Queen Street Colyton Devon EX24 6JU

Accountants | CRW Accountants Ltd The Mews Queen Street Colyton Devon EX24 6JU

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
MK Autospares Limited
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MK Autospares Limited for the year ended 30 April 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of International Accountants, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of MK Autospares Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of MK Autospares Limited and state those matters that we have agreed to state to the Board of Directors of MK Autospares Limited, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MK Autospares Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that MK Autospares Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MK Autospares Limited. You consider that MK Autospares Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of MK Autospares Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

CRW Accountants Ltd
The Mews
Queen Street
Colyton
Devon
EX24 6JU

9 January 2026

MK Autospares Limited

(Registration number: 09521884)
Abridged Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 13,600 | 14,400
Tangible assets | 5 | 20,270 | 26,096
|  | 33,870 | 40,496
Current assets |  |  |
Stocks | 6 | 53,570 | 50,542
Debtors | 7 | 500 | 500
Cash at bank and in hand |  | 3,604 | 1,694
|  | 57,674 | 52,736
Creditors: Amounts falling due within one year |  | (37,254) | (35,064)
Net current assets |  | 20,420 | 17,672
Total assets less current liabilities |  | 54,290 | 58,168
Creditors: Amounts falling due after more than one year |  | (48,999) | (27,241)
Accruals and deferred income |  | (2,202) | (2,182)
Net assets |  | 3,089 | 28,745
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 2,989 | 28,645
Shareholders' funds |  | 3,089 | 28,745

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

MK Autospares Limited

(Registration number: 09521884)
Abridged Balance Sheet as at 30 April 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 January 2026 and signed on its behalf by:

Mr Mariusz Marek Kuc Director | Mrs Renata Kuc Director |

MK Autospares Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Mews
Queen Street
Colyton
Devon
EX24 6JU
England

The principal place of business is:
2 Armada Close
Seaton
Devon
EX12 2UT
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

MK Autospares Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Machinery | 25% reducing balance basis
Furniture & fittings | 25% reducing balance basis
Office equipment | 25% reducing balance basis
Motor vehicles | 25% reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 4% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

MK Autospares Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

MK Autospares Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Intangible assets

| Total £
Cost or valuation
At 1 May 2024 | 20,000
At 30 April 2025 | 20,000
Amortisation
At 1 May 2024 | 5,600
Amortisation charge | 800
At 30 April 2025 | 6,400
Carrying amount
At 30 April 2025 | 13,600
At 30 April 2024 | 14,400

MK Autospares Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

5 | Tangible assets

| Fixtures and fittings £ | Office equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 May 2024 | 1,440 | 3,017 | 33,629 | 1,914 | 40,000
Additions | - | 930 | - | - | 930
At 30 April 2025 | 1,440 | 3,947 | 33,629 | 1,914 | 40,930
Depreciation
At 1 May 2024 | 1,322 | 2,484 | 8,407 | 1,691 | 13,904
Charge for the year | 29 | 366 | 6,306 | 55 | 6,756
At 30 April 2025 | 1,351 | 2,850 | 14,713 | 1,746 | 20,660
Carrying amount
At 30 April 2025 | 89 | 1,097 | 18,916 | 168 | 20,270
At 30 April 2024 | 118 | 533 | 25,222 | 223 | 26,096

MK Autospares Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 53,570 | 50,542

7 | Debtors

Debtors includes £Nil (2024 - £Nil) due after more than one year.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

9 | Dividends

| 2025 | 2024
| £ | £
Interim dividend of £671.88 (2024 - £300.00) | 67,188 | 30,000

10 | Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 25,140 | 25,156
Contributions paid to money purchase schemes | 10,800 | 6,600
| 35,940 | 31,756

MK Autospares Limited

Detailed Profit and Loss Account for the Year Ended 30 April 2025

| 2025 £ | 2024 £
Turnover (analysed below) | 290,675 | 273,331
Cost of sales (analysed below) | (157,185) | (171,843)
Gross profit | 133,490 | 101,488
Gross profit (%) | 45.92% | 37.13%
Administrative expenses |  |
Employment costs (analysed below) | (38,225) | (32,854)
Establishment costs (analysed below) | (16,660) | (16,973)
General administrative expenses (analysed below) | (13,831) | (14,175)
Finance charges (analysed below) | (5,057) | (783)
Depreciation costs (analysed below) | (7,556) | (9,499)
Other expenses (analysed below) | - | 172
| (81,329) | (74,112)
Operating profit | 52,161 | 27,376
Other interest receivable and similar income (analysed below) | 126 | 22
Interest payable and similar expenses (analysed below) | (282) | (1,893)
| (156) | (1,871)
Profit before tax | 52,005 | 25,505

MK Autospares Limited

Detailed Profit and Loss Account for the Year Ended 30 April 2025

| 2025 £ | 2024 £

Turnover |  |
Sales, UK | 262,728 | 251,250
Sales, Europe | 27,947 | 22,081
| 290,675 | 273,331

Cost of sales |  |
Opening stock | (50,542) | (51,000)
Purchases | (99,821) | (120,913)
Direct costs | (15,694) | (13,365)
PayPal fees | (6,050) | -
Ebay fees | (38,648) | (37,107)
Closing stock | 53,570 | 50,542
| (157,185) | (171,843)

Employment costs |  |
Directors remuneration | (25,140) | (25,156)
Directors NIC (Employers) | (785) | (353)
Directors pensions (Defined contribution) | (10,800) | (6,600)
Casual wages | (1,500) | (745)
| (38,225) | (32,854)

Establishment costs |  |
Rent | (11,720) | (11,000)
Light, heat and power | (2,022) | (1,732)
Insurance | (2,338) | (2,181)
Use of home as office | (510) | (510)
Repairs and maintenance | (70) | (1,550)
| (16,660) | (16,973)

General administrative expenses |  |
Telephone and fax | (2,032) | (2,072)
Computer software and maintenance costs | (810) | (631)
Printing, postage and stationery | (383) | (799)
Trade subscriptions | (1,777) | (2,068)
Charitable donations | (250) | -
Lease of motor vehicles (Operating leases) | (322) | -
Waste disposal | (463) | (745)
Motor expenses | (2,963) | (4,881)
Car hire and leasing expenses (Spot hire) | (2,354) | (175)
Travel and subsistence | (224) | (13)
Advertising | (51) | (198)
Accountancy fees | (745) | (745)

MK Autospares Limited

Detailed Profit and Loss Account for the Year Ended 30 April 2025

| 2025 £ | 2024 £

Legal and professional fees | (1,457) | (1,848)
| (13,831) | (14,175)

Finance charges |  |
Bank charges | (1,482) | (783)
Other loan charges | (3,575) | -
| (5,057) | (783)

Depreciation costs |  |
Amortisation of goodwill | (800) | (800)
Depreciation of plant and machinery (owned) | (56) | (75)
Depreciation of fixtures and fittings (owned) | (29) | (40)
Depreciation of motor vehicles (owned) | (6,306) | (8,407)
Depreciation of office equipment (owned) | (365) | (177)
| (7,556) | (9,499)

Other expenses |  |
(Profit)/loss on disposal of tangible fixed assets | - | 172

Other interest receivable and similar income |  |
Bank interest receivable | 126 | 22

Interest payable and similar expenses |  |
Bank loan interest payable | (204) | (331)
Other loan interest | - | (1,234)
Other interest payable | (78) | (328)
| (282) | (1,893)