M K M Suckling Limited
M K M Suckling Limited
Registered number: 04866204
Unaudited Financial Statements
For The Year Ended 31 August 2018
FARR & ASSOCIATES LIMITED
1 Church Farm Cottages
Great Witchingham
Norwich
Norfolk
NR9 5PL
M K M Suckling Limited
Unaudited Financial Statements
For The Year Ended 31 August 2018
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
M K M Suckling Limited
Balance Sheet
As at
31 August 2018
Balance Sheet
Registered number:
04866204
For the year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2018 | 2017 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 2 |
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Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 4 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 5 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 29,618 | 30,393 | |||
Page 1
M K M Suckling Limited
Balance Sheet (continued)
As at
31 August 2018
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
M K M Suckling Limited
Notes to the Financial Statements
For The Year Ended 31 August 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
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.
1.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings |
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1.5.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.
Intangible Assets
Goodwill | |||
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£ | |||
Cost | |||
As at |
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As at |
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Net Book Value | |||
As at |
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As at |
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Page 3
M K M Suckling Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2018
3.
Tangible Assets
Fixtures & Fittings | |
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£ | |
Cost | |
As at |
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As at |
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Depreciation | |
As at |
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Provided during the period |
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As at |
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Net Book Value | |
As at |
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As at |
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4.
Creditors: Amounts Falling Due Within One Year
2018 | 2017 | ||
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£ | £ | ||
Corporation tax |
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Net wages | 2,172 | - | |
Accruals and deferred income |
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Director's loan account |
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6.
General Information
M K M Suckling Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04866204 . The registered office is 22 HAREWOOD, DOCKING, NORFOLK, PE31 8NP.
Page 4