REGISTERED NUMBER:
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MARK SYKES DEVELOPMENTS LTD |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 |
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REGISTERED NUMBER:
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MARK SYKES DEVELOPMENTS LTD |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 |
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MARK SYKES DEVELOPMENTS LTD (REGISTERED NUMBER: 12180730) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 August 2021 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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MARK SYKES DEVELOPMENTS LTD |
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COMPANY INFORMATION |
for the year ended 31 August 2021 |
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DIRECTOR: |
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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 Accountants |
Vernon House |
40 New North Road |
Huddersfield |
West Yorkshire |
HD1 5LS |
MARK SYKES DEVELOPMENTS LTD (REGISTERED NUMBER: 12180730) |
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BALANCE SHEET |
31 August 2021 |
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2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
MARK SYKES DEVELOPMENTS LTD (REGISTERED NUMBER: 12180730) |
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BALANCE SHEET - continued |
31 August 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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MARK SYKES DEVELOPMENTS LTD (REGISTERED NUMBER: 12180730) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 August 2021 |
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1. | STATUTORY INFORMATION |
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Mark Sykes Developments Ltd is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Government grants |
Government grants represent assistance received under Bounce Back for the interest free period of the loan, calculated under the terms of the loan and accounted for in finance costs respectively. |
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Stocks |
Work in progress includes all direct material and labour costs incurred in bringing a contract to its state of |
completion at the year end. |
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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 balance sheet date. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2020 - NIL). |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
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Other creditors |
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MARK SYKES DEVELOPMENTS LTD (REGISTERED NUMBER: 12180730) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 August 2021 |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2021 | 2020 |
£ | £ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 2,500 | - |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2021 | 2020 |
£ | £ |
Bank loans |
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The bank loan is secured by the Government under the Bounce Back loan initiative. |
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8. | RELATED PARTY DISCLOSURES |
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Loans owing to the directors on an interest free basis of £347,342 (2020: £296,196) were outstanding at the year end, the amounts are repayable on demand. |
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9. | GOING CONCERN |
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The business is dependant on the continuing support of the director. |