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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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M.K.T. COMPUTER BROKERS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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FOR |
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M.K.T. COMPUTER BROKERS LIMITED |
M.K.T. COMPUTER BROKERS LIMITED (REGISTERED NUMBER: 03848322) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2018 |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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M.K.T. COMPUTER BROKERS LIMITED |
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COMPANY INFORMATION |
for the Year Ended 30 September 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
4 Centenary Road |
Middleton Cheney |
Nr Banbury |
Northamptonshire |
OX17 2SJ |
M.K.T. COMPUTER BROKERS LIMITED (REGISTERED NUMBER: 03848322) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
30 September 2018 |
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30.9.18 | 30.9.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Investments |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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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. |
M.K.T. COMPUTER BROKERS LIMITED (REGISTERED NUMBER: 03848322) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
30 September 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
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M.K.T. COMPUTER BROKERS LIMITED (REGISTERED NUMBER: 03848322) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2018 |
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1. | STATUTORY INFORMATION |
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M.K.T. Computer Brokers Limited is a
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The company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Short Leasehold | - |
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Web Site | - |
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Plant & Machinery | - |
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Fixtures & Fittings | - |
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Office Equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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. |
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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. |
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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. |
M.K.T. COMPUTER BROKERS LIMITED (REGISTERED NUMBER: 03848322) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2018 |
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3. | ACCOUNTING POLICIES - continued |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the |
operating result. |
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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. |
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Going concern |
The directors have not identified any material uncertainties that would cast doubt over the company's ability to |
continue to trade as a going concern. Accordingly the going concern basis of accounting has been adopted. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 October 2017 |
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Additions |
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At 30 September 2018 |
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DEPRECIATION |
At 1 October 2017 |
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Charge for year |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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6. | PROVISIONS FOR LIABILITIES |
30.9.18 | 30.9.17 |
£ | £ |
Deferred Taxation |
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Deferred |
tax |
£ |
Balance at 1 October 2017 |
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Reduction in provision | ( |
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Balance at 30 September 2018 |
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M.K.T. COMPUTER BROKERS LIMITED (REGISTERED NUMBER: 03848322) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2018 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.18 | 30.9.17 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 October 2017 |
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Profit for the year |
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Dividends | ( |
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At 30 September 2018 |
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9. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £26,000 (2017 - £26,000) were paid to the directors . |
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The company was involved in transactions with Maxime Solutions Limited, a company in which the shareholders |
also have a controlling interest. |
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Transactions related to the provision of staff, accommodation and a contribution to general business overheads |
totalling £13,274. |
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As at the year end the sum of £3,232 was owed by Maxime Solutions Limited. |
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10. | ULTIMATE CONTROLLING PARTY |
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By virtue of their shareholding, M Walsh and K Walsh are the ultimate controlling parties of the company. |