M.k.g.(food Products)limited in Walsall, WS9 8DT

Description

Data updated on: 01-11-2023

M.k.g.(food Products)limited has existed in the business for seventy four years. Started with registration number 00478772 in 1950, it have office at Unit N3a Westpoint Middlemore Lane West, Walsall WS9 8DT. This firm's SIC code is 46390 and their NACE code stands for . The firm's latest accounts were submitted for the period up to 2022-03-31 and the most recent confirmation statement was released on 2022-11-02.

The firm provides its services in transport and distribution business. Its FHRSID is 68436. It reports to Nottingham City and its last food inspection was carried out on 2018/12/13 , City of Nottingham, NG8 4LP. The most recent quality assessment result obtained by the company is exempt, which translates as exept.

Mkg (food Products) Ltd is a medium-sized vehicle operator with the licence number OB0214772. The firm has two transport operating centres in the country. In their subsidiary in Darlington on Lingfield Way, 11 machines are available. The centre in Nottingham on Bilborough has 18 machines and 1 trailer.

As stated, this particular limited company was formed seventy four years ago and has been steered by seven directors, and out of them three (Robert M., Philip M. and Andrew J.) are still participating in the company's duties.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	766 828	862 957	676 287	668 680	833 389	651 847	832 210
Current Assets	3 235 741	3 218 590	3 073 124	2 900 346	2 821 096	3 727 723	3 814 400
Debtors	1 502 136	1 254 272	1 298 714	1 227 166	1 406 612	2 141 482	2 066 786
Net Assets Liabilities	3 370 168	3 464 762	3 457 282	3 446 639	3 004 284	3 101 765	3 142 838
Other Debtors	459 714	228 580	233 571	230 909	831 519	777 231	464 329
Property Plant Equipment	2 049 155	1 849 311	1 900 386	2 074 488	1 843 241	1 735 628	1 998 872
Total Inventories	966 777	1 101 361	1 098 123	1 004 500	581 095	934 394

Other Financial Data
Audit Fees Expenses	8 500	8 500	8 500	8 600	8 800	10 000	10 500
Accrued Liabilities Deferred Income					419 793	409 061	1 018 507
Accumulated Depreciation Impairment Property Plant Equipment	1 055 475	1 119 422	1 318 276	1 342 720	1 532 717	1 469 673	1 482 490
Additions Other Than Through Business Combinations Property Plant Equipment						96 104	438 578
Administrative Expenses	1 138 717	845 829	759 004	569 746	695 906	600 983	641 080
Amounts Owed To Group Undertakings	28 902	28 902	28 902	28 902	28 902	28 902	28 902
Average Number Employees During Period	82	85	87	92	85	79	82
Bank Borrowings					750 000	625 000	475 000
Bank Borrowings Overdrafts					625 000	475 000	325 000
Carrying Amount Under Cost Model Revalued Assets Property Plant Equipment						415 008	405 576
Comprehensive Income Expense	187 430	194 594	92 520	29 357		101 481	41 073
Corporation Tax Payable	46 577	69 150	5 296			3 022
Corporation Tax Recoverable				5 296	74 355	74 355	5 296
Cost Sales	11 909 167	12 887 168	13 153 269	13 250 091	8 801 617	11 784 796	14 452 466
Creditors	1 852 042	1 556 180	1 445 020	1 417 930	625 000	475 000	325 000
Current Tax For Period	46 577	69 150	5 296	-5 296	-69 059	3 022
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences					-28 362	3 097	105 000
Depreciation Expense Property Plant Equipment	257 489	180 909	201 954	147 842	207 747	162 561
Dividends Paid	60 000	100 000	100 000	40 000	4 000	4 000
Dividends Paid On Shares Final					4 000	4 000
Further Item Deferred Expense Credit Component Total Deferred Tax Expense							-70 000
Further Item Tax Increase Decrease Component Adjusting Items					5 022	-5 478	-19 264
Future Minimum Lease Payments Under Non-cancellable Operating Leases	6 875	6 875	15 000	15 000	15 000	183 375	331 548
Gain Loss On Disposals Property Plant Equipment	-390					39 830
Government Grant Income					968 873	261 755
Gross Profit Loss	1 372 702	1 092 964	881 069	632 864	-808 743	457 485
Income Tax Expense Credit On Components Other Comprehensive Income							29 000
Increase From Depreciation Charge For Year Property Plant Equipment		180 909	201 954	147 842	207 747	162 561	149 095
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings						11 027
Interest Income On Bank Deposits	4 738	862				370
Interest Payable Similar Charges Finance Costs						11 027	20 640
Investment Property Fair Value Model						1 163 008	1 172 211
Net Current Assets Liabilities	1 383 699	1 662 410	1 628 104	1 482 416	1 867 946	1 926 137	1 617 966
Net Finance Income Costs						370	186
Operating Profit Loss	233 985	247 135	122 065		-535 776	118 257
Other Creditors	6 262	43 712		273 169	419 793	20 865	15 518
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment						225 605	136 278
Other Disposals Property Plant Equipment						266 761	162 517
Other Interest Income							186
Other Interest Receivable Similar Income Finance Income	4 738	862				370	186
Other Operating Income Format1					968 873	261 755	4 000
Other Taxation Social Security Payable	52 689	180 419	80 824	107 370	41 842	68 329	53 509
Pension Other Post-employment Benefit Costs Other Pension Costs	73 756	218 746	196 949	88 868	92 080	121 693	121 623
Prepayments Accrued Income					6 589	66 085	253 728
Profit Loss	187 430	194 594	92 520	29 357	-438 355	101 481	70 073
Profit Loss On Ordinary Activities Before Tax	238 723	247 997	122 065	63 118	-535 776	107 600	105 073
Property Plant Equipment Gross Cost	3 104 630	2 968 733	3 218 662	3 417 208	3 375 958	3 205 301	3 481 362
Raw Materials Consumables					581 095	934 394
Social Security Costs	268 789	243 002	248 202	245 189	217 078	241 207
Staff Costs Employee Benefits Expense	3 093 206	2 990 191	3 069 980	2 900 990	2 681 001	2 785 570	3 063 577
Taxation Including Deferred Taxation Balance Sheet Subtotal					81 903	85 000	149 000
Tax Expense Credit Applicable Tax Rate	47 745	47 119	23 192	11 992	-101 797	20 444	19 964
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	1 562	1 282	1 330	664		88	437
Tax Increase Decrease From Other Short-term Timing Differences					-646	1 567	-6 164
Tax Tax Credit On Profit Or Loss On Ordinary Activities	51 293	53 403	29 545	33 761	-97 421	6 119	35 000
Total Assets Less Current Liabilities	3 432 854	3 511 721	3 528 490	3 556 904	3 711 187	3 661 765	3 616 838
Total Borrowings					625 000	475 000	325 000
Total Deferred Tax Expense Credit						3 097	35 000
Total Operating Lease Payments					176 408	168 646
Trade Creditors Trade Payables	956 522	924 043	885 214	1 008 489	337 613	1 121 407	929 998
Trade Debtors Trade Receivables	974 061	986 554	997 925	964 916	575 093	1 223 811	1 343 433
Transfers To From Retained Earnings Increase Decrease In Equity					-11 995	-11 995	-11 995
Turnover Revenue	13 281 869	13 980 132	14 034 338	13 882 955	7 992 874	12 242 281
Wages Salaries	2 750 661	2 528 443	2 624 829	2 566 933	2 371 843	2 422 670	2 649 996
Company Contributions To Defined Benefit Plans Directors					20 000	19 500
Director Remuneration	636 034	392 674	294 483	164 000	281 280	272 650	252 860
Director Remuneration Benefits Including Payments To Third Parties					301 280	292 150	275 889
Number Directors Accruing Benefits Under Money Purchase Scheme	2	2	2	2
Accrued Liabilities	761 090	309 954	444 784	261 286
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss		-15 727	24 249	39 057
Applicable Tax Rate	20	19	19	19
Cash Cash Equivalents Cash Flow Value	766 828		676 287
Depreciation Amortisation Expense	257 489	180 909	201 954	147 842
Disposals Decrease In Depreciation Impairment Property Plant Equipment		116 962	3 100	123 398	17 750
Disposals Property Plant Equipment		220 599	20 100	300 648	41 250
Dividends Paid Classified As Financing Activities	-60 000	-100 000	-100 000	-40 000
Dividends Paid On Shares Interim	60 000	100 000	100 000	40 000
Further Operating Expense Item Component Total Operating Expenses	159 694	158 532	27 500	9 523 204
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	389 165	-318 435	-47 306	-21 794
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-523 939	247 864	-44 442	76 844
Gain Loss On Disposal Assets Income Statement Subtotal	-390
Income Taxes Paid Refund Classified As Operating Activities	-58 881	-46 557	-69 150	-5 296
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-161 957	96 129	-186 670	-7 607
Increase Decrease In Current Tax From Adjustment For Prior Periods		-20
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	125 218	134 584	-3 238	-93 623
Key Management Personnel Compensation Total	636 034	359 375	368 968	217 191
Loans Owed By Related Parties	505 617	227 826	203 965	223 500
Loans Owed To Related Parties	-28 902	-22 284	-28 902	-28 902
Merchandise	966 777	1 101 361	1 098 123	1 004 500
Net Cash Flows From Used In Financing Activities	60 000	100 000	100 000	40 000
Net Cash Flows From Used In Investing Activities	274 948	-19 797	253 029	321 944
Net Cash Flows From Used In Operating Activities	-172 991	-176 332	-166 359	-354 337
Net Cash Generated From Operations	-231 872	-222 889	-235 509	-359 633
Net Interest Received Paid Classified As Investing Activities	-4 738	-862
Number Shares Issued Fully Paid		5 000	5 000	5 000	5 000
Other Deferred Tax Expense Credit	4 716	-15 727	24 249	39 057
Par Value Share		1	1	1	1
Prepayments	68 361	39 138	67 218	26 045
Proceeds From Sales Property Plant Equipment	-11 110	-103 637	-17 000	-177 250
Provisions	62 686	46 959	71 208	110 265
Provisions For Liabilities Balance Sheet Subtotal	62 686	46 959	71 208	110 265	81 903
Purchase Property Plant Equipment	-290 796	-84 702	-270 029	-499 194
Tax Increase Decrease From Effect Capital Allowances Depreciation	-2 730	20 749	-19 226	-34 035
Total Additions Including From Business Combinations Property Plant Equipment		84 702	270 029	499 194
Total Current Tax Expense Credit	46 577	69 130	5 296
Tax Decrease From Utilisation Tax Losses				-16 083