M&K Distribution Limited - Period Ending 2014-05-31

Registration number: 08086313

M&K Distribution Limited
 
  and Unaudited Abbreviated Accounts
 
  for the Year Ended 31 May 2014
 

Certax Accounting (Leeds)
Incorporated Financial Accountants
Unit 18 Pavilion Bus. Park
Royds Hall Road
Leeds
West Yorkshire
LS12 6AJ

M&K Distribution Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

M&K Distribution Limited
(Registration number: 08086313)
Abbreviated Balance Sheet at 31 May 2014

		Note			2014 £			2013 £
Current assets
Debtors					-			1,942
Cash at bank and in hand					1,660			4,408
					1,660			6,350
Creditors: Amounts falling due within one year					(67,878)			(31,558)
Net liabilities					(66,218)			(25,208)
Capital and reserves
Called up share capital		2			101			101
Profit and loss account					(66,319)			(25,309)
Shareholders' deficit					(66,218)			(25,208)

For the year ending 31 May 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 19 February 2015 and signed on its behalf by:

.........................................
Mr Steven Macdonald
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

M&K Distribution Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		101			101			101			101

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