Company Registration No. 09145679 (England and Wales)
MHK Accountants (Bradford) Limited
Unaudited accounts
for the year ended 31 July 2019
MHK Accountants (Bradford) Limited
Statement of financial position
as at 31 July 2019
Tangible assets
6,564
5,030
Cash at bank and in hand
31,156
1,356
Creditors: amounts falling due within one year
(39,118)
(16,054)
Net current assets/(liabilities)
1,800
(2,543)
Total assets less current liabilities
8,364
2,487
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
7,540
2,387
Shareholders' funds
7,640
2,487
For the year ending 31 July 2019 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 21 April 2020.
Sarfraz Khan
Director
Company Registration No. 09145679
MHK Accountants (Bradford) Limited
Notes to the Accounts
for the year ended 31 July 2019
MHK Accountants (Bradford) Limited is a private company, limited by shares, registered in England and Wales, registration number 09145679. The registered office is 122 Manningham Lane, BRADFORD, West Yorkshire, BD8 7JF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of services, excluding value added tax.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MHK Accountants (Bradford) Limited
Notes to the Accounts
for the year ended 31 July 2019
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2018
-
6,000
2,354
8,354
At 31 July 2019
3,250
6,000
2,354
11,604
At 1 August 2018
-
2,160
1,164
3,324
Charge for the year
650
768
298
1,716
At 31 July 2019
650
2,928
1,462
5,040
At 31 July 2019
2,600
3,072
892
6,564
At 31 July 2018
-
3,840
1,190
5,030
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
1,233
570
Other creditors
37,885
15,484
7
Deferred taxation
2019
2018
Accelerated capital allowances
724
-
Charged to the profit and loss account
724
-
Provision at end of year
724
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
MHK Accountants (Bradford) Limited
Notes to the Accounts
for the year ended 31 July 2019
9
Average number of employees
During the year the average number of employees was 2 (2018: 2).
