MK Access Solutions Limited,Ltd - AccountsLtd - Accounts

MK Access Solutions Limited,Ltd - AccountsLtd - Accounts

MK ACCESS SOLUTIONS LIMITED - Company Information

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2020-01-01 SC522337 2020-12-31 SC522337 2020-01-01 2020-12-31 SC522337 2019-12-31 SC522337 2019-01-01 2019-12-31 SC522337 uk-core:WithinOneYear 2019-12-31 SC522337 uk-core:WithinOneYear 2020-12-31 SC522337 uk-core:AfterOneYear 2019-12-31 SC522337 uk-core:AfterOneYear 2020-12-31 SC522337 uk-core:ShareCapital 2020-12-31 SC522337 uk-core:ShareCapital 2019-12-31 SC522337 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 SC522337 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 SC522337 uk-bus:Director1 2020-01-01 2020-12-31 SC522337 uk-core:MotorVehicles 2019-12-31 SC522337 uk-core:ToolsEquipment 2019-12-31 SC522337 uk-core:ToolsEquipment 2020-12-31 SC522337 uk-core:MotorVehicles 2020-12-31 SC522337 uk-core:MotorVehicles 2020-01-01 2020-12-31 SC522337 uk-core:ToolsEquipment 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure SC522337 uk-bus:AuditExemptWithAccountantsReport 2020-01-01 2020-12-31 SC522337 uk-bus:FRS102 2020-01-01 2020-12-31 SC522337 uk-bus:FullAccounts 2020-01-01 2020-12-31 SC522337 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31
MK Access Solutions Limited
Registered Number:SC522337
For the year ended 31 December 2020
Scotland
Unaudited Financial Statements
2
For the year ended 31 December 2020
MK Access Solutions Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC522337
As at 31 December 2020
MK Access Solutions Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
2,208
2,945
2
2,208
2,945
Current assets
Trade and other receivables
22,261
20,717
3
40,121
Cash and cash equivalents
94,290
115,007
62,382
Trade and other payables: amounts falling due within one
year
(22,301)
(20,051)
4
40,081
94,956
Net current assets
Total assets less current liabilities
97,164
43,026
Trade and other payables: amounts falling due after more
than one year
-
(38,000)
5
59,164
Net assets
43,026
Capital and reserves
Called up share capital
2
2
Retained earnings
59,162
43,024
59,164
43,026
Shareholders' funds
For the year ended 31 December 2020 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 of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Michael Tweedley Director
These financial statements were approved and authorised for issue by the Board on 01 April 2021 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2020
MK Access Solutions Limited
Notes to the Financial Statements
Statutory Information
MK Access Solutions Limited is a private limited company, limited by shares, domiciled in Scotland, registration
number SC522337.
Registered address:
Stuart House Eskmills Park
Station Road
Musselburgh
Midlothian
EH21 7PB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or
valuation
At 01 January 2020
6,081
4,300
1,781
At 31 December 2020
1,781
4,300
6,081
Provision for depreciation and impairment
At 01 January 2020
3,136
2,297
839
Charge for year
737
501
236
At 31 December 2020
3,873
2,798
1,075
At 31 December 2020
Net book value
706
1,502
2,208
At 31 December 2019
942
2,003
2,945
3. Trade and other receivables
2019
2020
£
£
Trade debtors
20,273
22,261
Other debtors
444
-
22,261
20,717
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5
For the year ended 31 December 2020
MK Access Solutions Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
1,527
1,527
Taxation and social security
17,649
19,661
Other creditors
875
1,113
20,051
22,301
5. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Bank loans and overdraft (secured)
38,000
-
6. Average number of persons employed
During the year the average number of employees was 2 (2019 : 2)
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