MIRKA (UK) LTD

1. MIRKA (UK) LTD 2011-06-22 → present
2. MIRKA ABRASIVES LIMITED 1979-02-14 → 2011-06-22

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Mercer & Hole LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. In making this assessment the directors have prepared trading and cash flow forecasts to 31 December 2026. The directors have also reviewed the financial status of the company's parent undertaking and are satisfied that it has the resources available to continue to supply the company's products over this period. In view of this, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and have therefore adopted the going concern basis of accounting in preparing the financial statements.”

Significant events

• “Geopolitical factors: The continued Russian invasion of Ukraine and the knock-on impact of sanctions, the escalation of Middle East conflicts, and possible interruption to global transportation of goods to the European trade area are all factors impacting economic stability and business confidence and are a challenge to customer business resilience.”
• “Events after the reporting date Geopolitical events continue to escalate; however, the degree they will impact people, business, and government behaviour is uncertain.”
• “The recent change in the UK government to Labour is perhaps not so business friendly as they profess to be with increasing public spending, higher borrowing and business / consumer taxation leading to weakening economic figures.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +5.1%

  £35,598,337 → £37,399,623

• Cash

  -20.1%

  £494,975 → £395,392

• Net assets

  +28.8%

  £1,423,941 → £1,834,677

• Employees

  -1.8%

  56 → 55

• Operating profit

  +51.1%

  £1,101,520 → £1,664,106

• Profit before tax

  +49.7%

  £1,138,223 → £1,704,120

• Wages

  -1%

  £2,885,951 → £2,855,832

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers