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Company Registration No. 10264957 (England and Wales)
Modern Day GK Limited Unaudited accounts for the year ended 31 July 2025
Modern Day GK Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Modern Day GK Limited Company Information for the year ended 31 July 2025
Directors
Lee Robinson Mark Robinson Shaun Robinson
Company Number
10264957 (England and Wales)
Registered Office
Abacus 3a Blue Sky Way Monkton Business Park South Hebburn Tyne and Wear NE31 2EQ England
Accountants
Abacus Accounting (NE) Limited 3a Blue Sky Way Monkton Business Park South Hebburn Tyne and Wear NE31 2EQ
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Modern Day GK Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
14,094
17,075
Current assets
Inventories
13,650
9,699
Debtors
5
1,800
5,868
Cash at bank and in hand
4,002
4,988
19,452
20,555
Creditors: amounts falling due within one year
6
(2,556)
(5,685)
Net current assets
16,896
14,870
Net assets
30,990
31,945
Capital and reserves
Called up share capital
3
3
Profit and loss account
30,987
31,942
Shareholders' funds
30,990
31,945
For the year ending 31 July 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 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 31 May 2026 and were signed on its behalf by
Shaun Robinson Director Company Registration No. 10264957
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Modern Day GK Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Modern Day GK Limited is a private company, limited by shares, registered in England and Wales, registration number 10264957. The registered office is Abacus, 3a Blue Sky Way, Monkton Business Park South, Hebburn, Tyne and Wear, NE31 2EQ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Fixtures & fittings
10% Straight line
Computer equipment
25% Straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2024
18,256
3,600
21,856
At 31 July 2025
18,256
3,600
21,856
Depreciation
At 1 August 2024
2,081
2,700
4,781
Charge for the year
2,081
900
2,981
At 31 July 2025
4,162
3,600
7,762
Net book value
At 31 July 2025
14,094
-
14,094
At 31 July 2024
16,175
900
17,075
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Modern Day GK Limited Notes to the Accounts for the year ended 31 July 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,800
5,868
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,956
2,633
Taxes and social security
-
2,452
Accruals
600
600
2,556
5,685
7
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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