Company Registration No. 05961939 (England and Wales)
MK Electrical Installations Limited
Unaudited accounts
for the year ended 31 March 2017
MK Electrical Installations Limited
Statement of Financial Position
as at 31 March 2017
Fixed assets
22,269
24,294
Current assets
81,999
99,327
Prepayments and accrued income
369
-
Creditors: amounts falling due within one year
(64,725)
(74,144)
Net current assets
17,643
25,183
Total assets less current liabilities
39,912
49,477
Accruals and deferred income
(1,965)
(1,965)
Capital and reserves
37,947
47,512
1 Director's advances, credit and guarantees
During the year, the company charged interest on an oustanding unsecured loan to M Kelly, a director of the company. The loan has interest calculated at 3.5% and has no fixed date for repayment. The total outstanding at the year end of loans to M Kelly amounted to £69351 and are included in Current Assets.
2 Average number of employees
During the year the average number of employees was 1 (2016: 1).
For the year ending 31 March 2017 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 in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 28 December 2017
Mark Kelly
Director
Company Registration No. 05961939
