M K Associates Limited in Essex, IG10 3NY

Description

Data updated on: 01-11-2023

M K Associates is a firm with it's headquarters at IG10 3NY Essex at 38 Chigwell Lane. The firm was formed in 1993 and is registered under reg. no. 02878813. The firm has been operating on the English market for 32 years now and its state is active. This firm's SIC code is 46160 meaning Agents involved in the sale of textiles, clothing, fur, footwear and leather goods. 2022-03-31 is the last time the accounts were filed.

With two recruitment announcements since 2015/08/27, M K Associates has been active on the labour market. On 2016/08/29, it started employing job candidates for a full time Warehouse Supervisor position in Loughton, and on 2015/08/27, for the vacant position of a full time Quality Manager in Loughton.

4 transactions have been registered in 2011 with a sum total of £3,146. In 2010 there were less transactions (exactly 3) that added up to £3,273. Cooperation with the Cornwall Council council covered the following areas: Unit Specific.

This firm owes its well established position on the market and constant improvement to a team of three directors, specifically Rosina V., Sukhminder V. and Baljit V., who have been guiding it since 2008-10-29. Moreover, the director's assignments are often aided with by a secretary - Sukhminder V., who was chosen by the following firm in December 2002.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31	2024-03-31
Currency
Net Worth	1 930 724	1 861 521

Balance Sheet
Cash Bank On Hand		102 019	44 198	28 789	228 327	1 547	5 285	3 738	56 696	74 106
Current Assets	2 521 672	1 476 779	1 013 774	875 962	708 792	267 930	318 222	282 064	259 697	244 860
Debtors	2 385 413	1 267 553	891 644	782 775	467 534	252 944	312 937	278 326	203 001	170 754
Net Assets Liabilities		1 852 100	1 794 901	2 102 778	6 317 378	6 080 781	6 217 109	6 086 914	6 131 012	6 232 424
Other Debtors		306 721	359 490	328 338	327 948	234 847	211 629	262 507	188 339	149 834
Property Plant Equipment		1 529 657	1 482 787	1 509 008	87 604	379 548	384 752	338 051	276 531	211 630
Total Inventories		107 207	77 932	64 398	12 931	13 439
Cash Bank In Hand	47 659	102 019
Stocks Inventory	88 600	107 207
Tangible Fixed Assets	3 566 856	3 519 011

Capital & Reserves
Called Up Share Capital	10 000	10 000
Profit Loss Account Reserve	1 777 438	1 708 235
Shareholder Funds	1 930 724	1 861 521

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment		386 483	443 575	456 069	296 848	316 273	375 064	437 752	501 105	564 473
Additions Other Than Through Business Combinations Property Plant Equipment					14 380	320 909	68 678	15 987	1 833	300
Average Number Employees During Period					18	18	14	14	16	18
Bank Borrowings Overdrafts		1 466 284	1 298 709	1 148 784	1 106 655	921 725	961 190	698 574	625 230	456 761
Comprehensive Income Expense					4 264 600
Corporation Tax Payable		9 198	12 039	20 439	3 899	52 574	50 870	22 903	42 447	8 691
Creditors		1 478 066	1 299 678	1 148 784	1 106 655	921 725	961 190	708 570	629 787	456 761
Dividends Paid				90 000	50 000	65 614
Fixed Assets		3 519 011	3 472 140	3 808 361	8 687 604	8 579 548	8 584 752	9 295 130	9 233 610	9 168 709
Future Minimum Lease Payments Under Non-cancellable Operating Leases						435 000	388 000	340 000	292 000	244 000
Gain Loss On Revaluation Property Plant Equipment Before Tax In Other Comprehensive Income					3 622 168
Income Tax Expense Credit On Components Other Comprehensive Income					472 640
Increase Decrease Due To Transfers Into Or Out Property Plant Equipment					-5 170 181
Increase Decrease From Fair Value Adjustment Investment Property Fair Value Model					1 300 647	-400 000		150 000
Increase From Depreciation Charge For Year Property Plant Equipment			57 092	32 641	44 797	21 537	58 791	62 688	63 353	63 590
Investment Property		1 989 354	1 989 353	2 299 353	8 600 000	8 200 000	8 200 000	8 957 079	8 957 079	8 957 079
Investment Property Fair Value Model				2 299 353	8 600 000	8 200 000	8 200 000	8 957 079	8 957 079
Net Current Assets Liabilities	84 815	-108 141	-316 844	-463 891	-510 314	-817 788	-640 627	-1 451 590	-1 383 932	-1 364 638
Number Shares Issued Fully Paid			10 000	10 000
Other Creditors		11 782	969	705 721	697 609	650 938	644 439	9 996	4 557	1 285 992
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment				20 147	33 837	2 112				222
Other Disposals Property Plant Equipment				27 500	46 992	9 540	4 683			1 833
Other Taxation Social Security Payable		78 272	32 794	26 867	15 711	50 156	61 756	54 357	61 624	42 002
Par Value Share		1	1	1
Profit Loss				397 877	1 115 072	-170 983
Property Plant Equipment Gross Cost		1 916 141	1 926 362	1 965 077	384 452	695 821	759 816	775 803	777 636	776 103
Provisions For Liabilities Balance Sheet Subtotal		80 704	60 717	92 908	753 257	759 254	765 826	1 048 056	1 088 879	1 114 886
Total Additions Including From Business Combinations Property Plant Equipment			10 221	66 215
Total Assets Less Current Liabilities	3 651 671	3 410 870	3 155 296	3 344 470	8 177 290	7 761 760	7 944 125	7 843 540	7 849 678	7 804 071
Total Increase Decrease From Revaluations Property Plant Equipment					3 622 168
Trade Creditors Trade Payables		300 491	231 680	233 425	288 441	105 787	103 106	254 799	198 316	124 130
Trade Debtors Trade Receivables		960 832	532 154	454 437	139 586	18 097	101 308	15 819	14 662	20 920
Transfer To Non-current Assets Or Disposal Groups Held For Sale Decrease In Depreciation Impairment Property Plant Equipment					170 181
Creditors Due After One Year	1 672 272	1 478 066
Creditors Due Within One Year	2 436 857	1 584 920
Number Shares Allotted		10 000
Provisions For Liabilities Charges	48 675	71 283
Revaluation Reserve	143 286	143 286
Share Capital Allotted Called Up Paid	10 000	10 000