M J K International Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03809807 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

M J K INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Moore

Ms C Buxton

SECRETARY:

Ms C Buxton

REGISTERED OFFICE:

Phoenix House

1 Princess Drive

Barton upon Humber

North Lincolnshire

DN18 6BS

REGISTERED NUMBER:

03809807 (England and Wales)

ACCOUNTANTS:

Aquarius Business Solutions LLP

Plum Tree Cottage

The Green

Nun Monkton

YORK

North Yorkshire

YO26 8ER

CURRENT ASSETS

Stocks

74,489

37,377

Debtors

4

189,782

91,564

Cash at bank

17,497

34,048

281,768

162,989

CREDITORS

Amounts falling due within one year

5

214,950

105,806

NET CURRENT ASSETS

66,818

57,183

TOTAL ASSETS LESS CURRENT LIABILITIES

66,818

57,183

CREDITORS

Amounts falling due after more than one year

6

40,094

48,118

NET ASSETS

26,724

9,065

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

26,721

9,062

SHAREHOLDERS' FUNDS

26,724

9,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2023 and were signed on its behalf by:

R Moore - Director

1.	STATUTORY INFORMATION

M J K International 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.

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.

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 Income Statement, 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 2 (2021 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Trade debtors

189,782

91,564

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Bank loans and overdrafts

8,500

8,500

Trade creditors

114,668

26,096

Taxation and social security

73,056

52,455

Other creditors

18,726

18,755

214,950

105,806

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.22

30.11.21

£

£

Bank loans

24,555

32,579

Other creditors

15,539

15,539

40,094

48,118

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.22

30.11.21

£

£

Bank loans

33,055

41,079

8.	RELATED PARTY DISCLOSURES

Mr R Moore has given a personal guarantee as additional security on the bank overdraft to the extent of the indebtedness to the bank.