Company Registration No. 5171876 (England and Wales)
MKC SOLUTIONS UK LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
MKC SOLUTIONS UK LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MKC SOLUTIONS UK LTD
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
72
90
Current assets
Debtors
15,990
11,880
Cash at bank and in hand
393
3
16,383
11,883
Creditors: amounts falling due within one year
(15,163)
(11,444)
Net current assets
1,220
439
Total assets less current liabilities
1,292
529
Capital and reserves
Called up share capital
3
300
1
Profit and loss account
992
528
Shareholders' funds
1,292
529
For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 April 2016
Mr M D Clements
Director
Company Registration No. 5171876
MKC SOLUTIONS UK LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
20% straight line
1.4
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014 & at 31 July 2015
1,105
Depreciation
At 1 August 2014
1,015
Charge for the year
18
At 31 July 2015
1,033
Net book value
At 31 July 2015
72
At 31 July 2014
90
MKC SOLUTIONS UK LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
1
100 Ordinary shares A of £1 each
100
-
100 Ordinary shares B of £1 each
100
-
300
1
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