Company registration number 08747161 (England and Wales)
MK ANTI-CORROSION SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
MK ANTI-CORROSION SOLUTIONS LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
MK ANTI-CORROSION SOLUTIONS LIMITED
STATEMENT OF FINANCIAL POSITION
As At 31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
24,850
17,146
Current assets
Debtors
4
21,022
-
0
Cash at bank and in hand
190,046
565,477
211,068
565,477
Creditors: amounts falling due within one year
5
(6,680)
(38,295)
Net current assets
204,388
527,182
Total assets less current liabilities
229,238
544,328
Provisions for liabilities
(6,213)
(4,286)
Net assets
223,025
540,042
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
222,925
539,942
Total equity
223,025
540,042

For the financial year ended 31 October 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 30 July 2026
Mr M Kilroe
Director
Company registration number 08747161 (England and Wales)
MK ANTI-CORROSION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2025
- 2 -
1
Accounting policies
Company information

MkAnti-Corrosion Solutions Limited 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.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Revenue

Turnover represents the net value of services provided during the period, excluding value added tax.

1.3
Tangible fixed assets

Tangible fixed assets are recorded at cost , less depriciation and impairment.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% RB
Computers
33% SL
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The following assets and liabilities are classified as financial instruments; trade debtors, Directors' loan accounts,

trade creditors and accruals.

 

Financial instruments that are payable or receivable within one year, typically trade debtors, Directors' loan

accounts, trade creditors and accruals and are measured initially and subsequently at the undiscounted amount of

the cash or other consideration that is expected to be paid or received.

1.6
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

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 statement of financial position date.

MK ANTI-CORROSION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 October 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 November 2024
18,328
33,103
51,431
Additions
4,010
11,024
15,034
At 31 October 2025
22,338
44,127
66,465
Depreciation and impairment
At 1 November 2024
12,110
22,175
34,285
Depreciation charged in the year
1,534
5,796
7,330
At 31 October 2025
13,644
27,971
41,615
Carrying amount
At 31 October 2025
8,694
16,156
24,850
At 31 October 2024
6,218
10,928
17,146
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
21,022
-
0
MK ANTI-CORROSION SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Year Ended 31 October 2025
- 4 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
-
0
35,699
Other creditors
6,680
2,596
6,680
38,295
6
Related party disclosures

Included in Other creditors is £4,220 (2024: £502) due to the director.

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