MKR Partnership Limited - Filleted accounts

MKR Partnership Limited - Filleted accounts

MKR PARTNERSHIP LIMITED - Company Information

Print Friendly Version

Registered number
07593218
MKR Partnership Limited
Filleted Accounts
30 September 2017
MKR Partnership Limited
Registered number: 07593218
Balance Sheet
as at 30 September 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 1,669 2,909
Current assets
Cash at bank and in hand 65,979 72,918
Creditors: amounts falling due within one year 3 (3,042) (7,379)
Net current assets 62,937 65,539
Net assets 64,606 68,448
Capital and reserves
Called up share capital 1 1
Profit and loss account 64,605 68,447
Shareholders' funds 64,606 68,448
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Reddy
Director
Approved by the board on 23 June 2018
MKR Partnership Limited
Notes to the Accounts
for the year ended 30 September 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Straightline
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2016 13,700
Additions 1,500
At 30 September 2017 15,200
Depreciation
At 1 October 2016 10,791
Charge for the year 2,740
At 30 September 2017 13,531
Net book value
At 30 September 2017 1,669
At 30 September 2016 2,909
3 Creditors: amounts falling due within one year 2017 2016
£ £
Taxation and social security costs 1,539 2,379
Other creditors 1,503 5,000
3,042 7,379
4 Other information
MKR Partnership Limited is a private company limited by shares and incorporated in England. Its registered office is:
32 Tupwood Lane
Caterham
Surrey
CR3 6DA
MKR Partnership Limited 07593218 false 2016-10-01 2017-09-30 2017-09-30 VT Final Accounts March 2018 K Reddy No description of principal activity 07593218 core:WithinOneYear 2016-09-30 07593218 core:ShareCapital 2016-09-30 07593218 core:RetainedEarningsAccumulatedLosses 2016-09-30 07593218 2016-10-01 2017-09-30 07593218 bus:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30 07593218 bus:AuditExempt-NoAccountantsReport 2016-10-01 2017-09-30 07593218 bus:Director40 2016-10-01 2017-09-30 07593218 core:PlantMachinery 2016-10-01 2017-09-30 07593218 countries:England 2016-10-01 2017-09-30 07593218 bus:FRS102 2016-10-01 2017-09-30 07593218 bus:FullAccounts 2016-10-01 2017-09-30 07593218 2017-09-30 07593218 core:WithinOneYear 2017-09-30 07593218 core:ShareCapital 2017-09-30 07593218 core:RetainedEarningsAccumulatedLosses 2017-09-30 07593218 core:PlantMachinery 2017-09-30 07593218 2016-09-30 07593218 core:PlantMachinery 2016-09-30 iso4217:GBP