M.K. ( Wales ) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03604549

Financial Statements for the Year Ended 31 March 2026

for

M.K. ( Wales ) Limited

Trading as

Maddock Kembery Meats

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

A J Kembery

C T Maddock

Secretary:

Registered office:

9 Court Road

Bridgend

South Wales

CF31 1BE

Registered number:

03604549

Fixed assets

Tangible assets

4

421,029

413,551

Current assets

Stocks

57,161

32,333

Debtors

5

68,197

61,634

Cash at bank and in hand

9,093

7,000

134,451

100,967

Creditors

Amounts falling due within one year

6

219,370

201,427

Net current liabilities

(84,919

)

(100,460

)

Total assets less current liabilities

336,110

313,091

Creditors

Amounts falling due after more than one
year

7

82,630

85,653

Net assets

253,480

227,438

Capital and reserves

Called up share capital

4

Retained earnings

253,476

227,434

Shareholders' funds

253,480

227,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2026 and were signed on its behalf by:

A J Kembery - Director

1.	Statutory information

M.K. ( Wales ) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

3.	Employees and directors

The average number of employees during the year was 16 (2025 - 16 ) .

4.	Tangible fixed assets

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

Cost

At 1 April 2025

348,440

531,178

10,958

Additions

-

26,517

-

At 31 March 2026

348,440

557,695

10,958

Depreciation

At 1 April 2025

-

509,035

10,958

Charge for year

-

6,930

-

At 31 March 2026

-

515,965

10,958

Net book value

At 31 March 2026

348,440

41,730

-

At 31 March 2025

348,440

22,143

-

Motor

Computer

vehicles

equipment

Totals

£

Cost

At 1 April 2025

90,696

10,805

992,077

Additions

-

26,517

At 31 March 2026

90,696

10,805

1,018,594

Depreciation

At 1 April 2025

47,728

10,805

578,526

Charge for year

12,109

-

19,039

At 31 March 2026

59,837

10,805

597,565

Net book value

At 31 March 2026

30,859

-

421,029

At 31 March 2025

42,968

-

413,551

5.

Debtors: amounts falling due within one year

31.3.26

31.3.25

£

Trade debtors

57,717

52,725

Other debtors

10,480

8,909

68,197

61,634

6.

Creditors: amounts falling due within one year

31.3.26

31.3.25

£

Bank loans and overdrafts

28,245

33,526

Trade creditors

118,510

120,587

Taxation and social security

21,027

9,445

Other creditors

51,588

37,869

219,370

201,427

7.

Creditors: amounts falling due after more than one year

31.3.26

31.3.25

£

Bank loans

13,005

-

Hire purchase contracts

6,282

12,363

Other creditors

63,343

73,290

82,630

85,653