MKG (UK) LTD

MKG (UK) LTD

MKG (UK) LTD - Company Information

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MKG (UK) LTD

Company Registration Number:
04120757 (England and Wales)

Unaudited abridged accounts for the year ended 29 December 2017

Period of accounts

Start date: 31 December 2016

End date: 29 December 2017

MKG (UK) LTD

Contents of the Financial Statements

for the Period Ended 29 December 2017

Balance sheet
Notes

MKG (UK) LTD

Balance sheet

As at 29 December 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 3 4,005 155,250
Tangible assets: 4 1,052,688 1,035,534
Total fixed assets: 1,056,693 1,190,784
Current assets
Stocks: 13,321 14,461
Debtors:   60,803 109,172
Cash at bank and in hand: 2,715,336 231,751
Total current assets: 2,789,460 355,384
Creditors: amounts falling due within one year:   (334,342) (970,524)
Net current assets (liabilities): 2,455,118 (615,140)
Total assets less current liabilities: 3,511,811 575,644
Provision for liabilities: (587,728) (40,562)
Total net assets (liabilities): 2,924,083 535,082
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 2,924,079 535,078
Shareholders funds: 2,924,083 535,082

The notes form part of these financial statements

MKG (UK) LTD

Balance sheet statements

For the year ending 29 December 2017 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 December 2018
and signed on behalf of the board by:

Name: M K Gangotra
Status: Director

The notes form part of these financial statements

MKG (UK) LTD

Notes to the Financial Statements

for the Period Ended 29 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MKG (UK) LTD

Notes to the Financial Statements

for the Period Ended 29 December 2017

2. Employees

2017 2016
Average number of employees during the period 45 113

MKG (UK) LTD

Notes to the Financial Statements

for the Period Ended 29 December 2017

3. Intangible Assets

Total
Cost £
At 31 December 2016 532,500
Additions 4,450
Disposals (532,500)
At 29 December 2017 4,450
Amortisation
At 31 December 2016 377,250
Charge for year 445
On disposals (377,250)
At 29 December 2017 445
Net book value
At 29 December 2017 4,005
At 30 December 2016 155,250

MKG (UK) LTD

Notes to the Financial Statements

for the Period Ended 29 December 2017

4. Tangible Assets

Total
Cost £
At 31 December 2016 1,753,896
Additions 269,807
Disposals (587,403)
At 29 December 2017 1,436,300
Depreciation
At 31 December 2016 718,362
Charge for year 91,769
On disposals (426,519)
At 29 December 2017 383,612
Net book value
At 29 December 2017 1,052,688
At 30 December 2016 1,035,534