REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 30 June 2020 |
|
for |
|
MKP Consultants Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 30 June 2020 |
|
for |
|
MKP Consultants Limited |
MKP Consultants Limited (Registered number: 03744400) |
|
Contents of the Financial Statements |
for the Year Ended 30 June 2020 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
MKP Consultants Limited |
|
Company Information |
for the Year Ended 30 June 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Riverside View |
Basing Road |
Old Basing |
Basingstoke |
Hampshire |
RG24 7AL |
MKP Consultants Limited (Registered number: 03744400) |
|
Balance Sheet |
30 June 2020 |
|
30.6.20 | 30.6.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
Investment property | 5 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 6 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 12 |
|
|
Capital redemption reserve |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
MKP Consultants Limited (Registered number: 03744400) |
|
Balance Sheet - continued |
30 June 2020 |
|
|
|
|
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
|
|
|
|
|
|
|
|
MKP Consultants Limited (Registered number: 03744400) |
|
Notes to the Financial Statements |
for the Year Ended 30 June 2020 |
|
|
1. | STATUTORY INFORMATION |
|
MKP Consultants Limited is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Office equipment | - |
|
|
Investment property |
Investments properties are initially recognised at cost and then held at fair value through the income statement. |
|
Financial instruments |
Debtors and creditors payable/receivable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
|
Loans and borrowings |
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. |
|
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. |
|
MKP Consultants Limited (Registered number: 03744400) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
|
|
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable. |
|
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. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
|
Impairment |
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Office |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 July 2019 |
|
|
|
|
|
Additions |
|
|
|
|
|
At 30 June 2020 |
|
|
|
|
|
DEPRECIATION |
At 1 July 2019 |
|
|
|
|
|
Charge for year |
|
|
|
|
|
At 30 June 2020 |
|
|
|
|
|
NET BOOK VALUE |
At 30 June 2020 |
|
|
|
|
|
At 30 June 2019 |
|
|
|
|
|
MKP Consultants Limited (Registered number: 03744400) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
|
|
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2019 |
and 30 June 2020 |
|
NET BOOK VALUE |
At 30 June 2020 |
|
At 30 June 2019 |
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.20 | 30.6.19 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.20 | 30.6.19 |
£ | £ |
Bank loans and overdrafts |
|
|
Hire purchase contracts (see note 9) |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.6.20 | 30.6.19 |
£ | £ |
Bank loans |
|
|
Hire purchase contracts (see note 9) |
|
|
|
|
|
9. | LEASING AGREEMENTS |
|
Minimum lease payments fall due as follows: |
|
Hire purchase contracts |
30.6.20 | 30.6.19 |
£ | £ |
Net obligations repayable: |
Within one year |
|
|
Between one and five years |
|
|
|
|
MKP Consultants Limited (Registered number: 03744400) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
|
|
9. | LEASING AGREEMENTS - continued |
|
Non-cancellable | operating leases |
30.6.20 | 30.6.19 |
£ | £ |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
10. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
30.6.20 | 30.6.19 |
£ | £ |
Bank loans |
|
|
|
Bank loans are secured by a fixed and floating charge over the assets of the company. |
|
11. | PROVISIONS FOR LIABILITIES |
30.6.20 | 30.6.19 |
£ | £ |
Deferred tax | 63,873 | 66,073 |
|
Deferred |
tax |
£ |
Balance at 1 July 2019 |
|
Accelerated capital allowances | (2,200 | ) |
Balance at 30 June 2020 |
|
|
12. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.20 | 30.6.19 |
value: | £ | £ |
|
Ordinary | £1 | 300 | 300 |
MKP Consultants Limited (Registered number: 03744400) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
|
|
13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
The following advances and credits to a director subsisted during the years ended 30 June 2020 and 30 June 2019: |
|
30.6.20 | 30.6.19 |
£ | £ |
|
Balance outstanding at start of year |
|
|
Amounts repaid | ( |
) |
|
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|
|
14. | RELATED PARTY DISCLOSURES |
|
The director mentioned above was charged £6,600 (2019: £6,600) interest on his advance and at the balance sheet date he owed the company £150,000 (2019: £220,000). |