MKR Recovery Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12489961

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		71,500		-
Tangible Assets	5		12,245		-

			83,745		-
CURRENT ASSETS
Stocks	6	51,224		-
Debtors	7	-		28
Cash at bank and in hand		193		165

		51,417		193
Creditors: Amounts Falling Due Within One Year	8	(51,979 )		(5,998 )

NET CURRENT ASSETS (LIABILITIES)			(562 )		(5,805 )

TOTAL ASSETS LESS CURRENT LIABILITIES			83,183		(5,805 )

Creditors: Amounts Falling Due After More Than One Year	9		-		(40,496 )

NET ASSETS/(LIABILITIES)			83,183		(46,301 )

CAPITAL AND RESERVES
Called up share capital	10		2		2
Revaluation reserve	11		71,500		-
Profit and Loss Account			11,681		(46,303 )

SHAREHOLDERS' FUNDS			83,183		(46,301)

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MKR Recovery Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Luke Martin

Director

9 January 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

MKR Recovery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12489961 . The registered office is Ramsgate Road, Richborough, Sandwich, Kent, CT13 9QN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: )

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 March 2024	-
Additions	71,500

As at 28 February 2025	71,500

Net Book Value
As at 28 February 2025	71,500

As at 1 March 2024	-

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MKR Recovery Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 March 2024	-
Additions	12,245

As at 28 February 2025	12,245

Net Book Value
As at 28 February 2025	12,245

As at 1 March 2024	-

6. Stocks

	2025	2024
	£	£
Work in progress	51,224	-

7. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	-	28

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	51,979	5,998

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	-	40,496

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

11. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 March 2024	-	(46,303 )
Profit for the year and total comprehensive income	-	57,984

Transfer to/from Profit & Loss Account	71,500	-

As at 28 February 2025	71,500	11,681

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