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REGISTERED NUMBER: 05183776 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MACKAY & ASSOCIATES LIMITED

MACKAY & ASSOCIATES LIMITED (REGISTERED NUMBER: 05183776)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MACKAY & ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: TJ Mackay





REGISTERED OFFICE: Fourth Floor
St James House
St James Square
Cheltenham
GL50 3PR





REGISTERED NUMBER: 05183776 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

MACKAY & ASSOCIATES LIMITED (REGISTERED NUMBER: 05183776)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 13 17

CURRENT ASSETS
Debtors 5 9,432 5,500
Cash at bank 13 20,796
9,445 26,296
CREDITORS
Amounts falling due within one year 6 76,840 93,639
NET CURRENT LIABILITIES (67,395 ) (67,343 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(67,382

)

(67,326

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (67,384 ) (67,328 )
SHAREHOLDERS' FUNDS (67,382 ) (67,326 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





TJ Mackay - Director


MACKAY & ASSOCIATES LIMITED (REGISTERED NUMBER: 05183776)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Mackay & Associates 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Office equipment - 33.3% on cost

Taxation
Taxation for the year comprises current and deferred 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 or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 3,138 4,666 7,804
DEPRECIATION
At 1 April 2022 3,121 4,666 7,787
Charge for year 4 - 4
At 31 March 2023 3,125 4,666 7,791
NET BOOK VALUE
At 31 March 2023 13 - 13
At 31 March 2022 17 - 17

MACKAY & ASSOCIATES LIMITED (REGISTERED NUMBER: 05183776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,432 5,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 94 94
Other creditors 76,746 93,545
76,840 93,639

7. RELATED PARTY DISCLOSURES

Included within debtors: amount falling due within one year is a director's loan account in the sum of £9,432 (2022: £5,500) which has been provided to TJ Mackay. The account is unsecured, accrues interest at HM Revenue and Customs ("HMRC") official rate and was repaid after the year end.