IRIS Accounts Production v23.3.0.418 05811336 director 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058113362022-05-31058113362023-05-31058113362022-06-012023-05-31058113362021-05-31058113362021-06-012022-05-31058113362022-05-3105811336ns10:Originalns15:EnglandWales2022-06-012023-05-3105811336ns14:PoundSterlingns10:Original2022-06-012023-05-3105811336ns10:Originalns10:Director12022-06-012023-05-3105811336ns10:Original2022-06-012023-05-3105811336ns10:Original2023-05-3105811336ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3105811336ns10:Originalns10:SmallEntities2022-06-012023-05-3105811336ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3105811336ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3105811336ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3105811336ns10:Originalns10:AbridgedAccounts2022-06-012023-05-3105811336ns10:Originalns10:RegisteredOffice2022-06-012023-05-3105811336ns10:Original2022-05-3105811336ns10:Originalns5:CurrentFinancialInstruments2023-05-3105811336ns10:Originalns5:CurrentFinancialInstruments2022-05-3105811336ns5:ShareCapitalns10:Original2023-05-3105811336ns5:ShareCapitalns10:Original2022-05-3105811336ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3105811336ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3105811336ns10:Original2021-06-012022-05-3105811336ns10:Original2022-05-3105811336ns10:Originalns5:WithinOneYear2023-05-3105811336ns10:Originalns5:WithinOneYear2022-05-31
REGISTERED NUMBER: 05811336 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

MACKENZIE FINANCIAL MANAGEMENT LIMITED

MACKENZIE FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 05811336)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


MACKENZIE FINANCIAL MANAGEMENT LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2023







DIRECTOR: A E MacKenzie





REGISTERED OFFICE: 1 Bramblings Close
Farnham
Surrey
GU9 8BF





REGISTERED NUMBER: 05811336 (England and Wales)

MACKENZIE FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 05811336)

ABRIDGED BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,353 72,858

CURRENT ASSETS
Debtors 2,912 3,951
Cash at bank 1,505,727 1,312,486
1,508,639 1,316,437
CREDITORS
Amounts falling due within one year 58,280 57,022
NET CURRENT ASSETS 1,450,359 1,259,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,510,712

1,332,273

PROVISIONS FOR LIABILITIES 15,087 18,214
NET ASSETS 1,495,625 1,314,059

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,495,525 1,313,959
SHAREHOLDERS' FUNDS 1,495,625 1,314,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





A E MacKenzie - Director


MACKENZIE FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 05811336)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023


1. STATUTORY INFORMATION

Mackenzie Financial Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of financial planning services, excluding value added tax, performed during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Office equipment-33.33% on cost
Motor vehicles-20% on reducing balance

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MACKENZIE FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 05811336)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 96,071
Additions 2,828
At 31 May 2023 98,899
DEPRECIATION
At 1 June 2022 23,213
Charge for year 15,333
At 31 May 2023 38,546
NET BOOK VALUE
At 31 May 2023 60,353
At 31 May 2022 72,858

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 5,760 5,760