MK Automotive Limited - Period Ending 2019-12-31

MK AUTOMOTIVE LIMITED - Company Information

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Registration number: 10491477

MK Automotive Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2019

MK Automotive Limited

Contents

Company Information	1
Balance Sheet	2 to 5
Notes to the Unaudited Financial Statements	3

MK Automotive Limited

Company Information

Directors

Mr S Smith

Mr N Barker

Mrs C L Barker

Registered office

Unit 7, Lakes Farm
Braintree Green
Rayne
Essex
CM77 6TE

Accountants

Anthony Russel Limited
Winghams House
9 Freeport Office Village
Century Drive
Braintree
Essex
CM77 8YG

MK Automotive Limited

(Registration number: 10491477)
Balance Sheet as at 31 December 2019

	2019 £	2018 £
Fixed assets	20,396	19,301
Current assets	81,166	37,631
Prepayments and accrued income	5,796	6,962
Creditors: Amounts falling due within one year	(60,110)	(38,059)
Net current assets	26,852	6,534
Total assets less current liabilities	47,248	25,835
Accruals and deferred income	-	(850)
	47,248	24,985
Capital and reserves	47,248	24,985

MK Automotive Limited

(Registration number: 10491477)
Balance Sheet as at 31 December 2019

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 7, Lakes Farm
Braintree Green
Rayne
Essex
CM77 6TE
England

These financial statements were authorised for issue by the Board on 28 July 2020.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2018 - 3).

MK Automotive Limited

(Registration number: 10491477)
Balance Sheet as at 31 December 2019

3	Related party transactions

Transactions with directors

2019	At 1 January 2019 £	Advances to directors £	Repayments by director £	At 31 December 2019 £
Mr S Smith
No interest charged	875	-	(3,955)	(3,080)


Mr N Barker
No interest charged	(9,172)	947	(5,529)	(13,754)

2018	At 1 January 2018 £	Advances to directors £	Repayments by director £	At 31 December 2018 £
Mr S Smith
No interest charged	(1,451)	17,324	(14,998)	875


Mr N Barker
No interest charged	(15,017)	12,748	(6,903)	(9,172)

MK Automotive Limited

(Registration number: 10491477)
Balance Sheet as at 31 December 2019

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 28 July 2020 and signed on its behalf by:

.........................................

Mr N Barker
Director