Company Registration No. SC591748 (Scotland)
MK Blacksmith Ltd
Unaudited accounts
for the year ended 31 March 2023
MK Blacksmith Ltd
Unaudited accounts
Contents
MK Blacksmith Ltd
Company Information
for the year ended 31 March 2023
Company Number
SC591748 (Scotland)
Registered Office
Unit 4
Nether Friarton, Friarton Road
Perth
Perthshire
PH2 8DF
United Kingdom
Accountants
Fraser + Accountants
3 Barossa Place
Perth
Perthshire
PH1 5HG
MK Blacksmith Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
9,857
12,321
Cash at bank and in hand
4,931
-
Creditors: amounts falling due within one year
(21,375)
(27,383)
Net current liabilities
(9,832)
(10,994)
Called up share capital
2
2
Profit and loss account
23
1,325
Shareholders' funds
25
1,327
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 12 December 2023 and were signed on its behalf by
Marek Koprowski
Director
Company Registration No. SC591748
MK Blacksmith Ltd
Notes to the Accounts
for the year ended 31 March 2023
MK Blacksmith Ltd is a private company, limited by shares, registered in Scotland, registration number SC591748. The registered office is Unit 4, Nether Friarton, Friarton Road, Perth, Perthshire, PH2 8DF, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
20% Reducing balance
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Other debtors
6,222
16,389
MK Blacksmith Ltd
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
16,133
-
Taxes and social security
613
-
Loans from directors
(8,274)
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's current account
-
8,274
-
8,274
The directors current account balance was cleared by 31 August 2023 - £2,584 cash input plus a dividend of £3,000
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
