MACKLEY DAVIES ASSOCIATES LIMITED

Company Registration Number:
04751196 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

MACKLEY DAVIES ASSOCIATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

MACKLEY DAVIES ASSOCIATES LIMITED

Company Information

for the Period Ended 31 May 2023




Director: D W DAVIES
Secretary: G MACKLEY
Registered office: Ffynnon Yr Eirin
Crickhowell Road Gilwern
Abergavenny
Monmouthshire
NP7 0EH
Company Registration Number: 04751196 (England and Wales)

MACKLEY DAVIES ASSOCIATES LIMITED

Balance sheet

As at 31 May 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 6,654 7,103
Total fixed assets: 6,654 7,103
Current assets
Cash at bank and in hand: 83,110 89,006
Total current assets: 83,110 89,006
Creditors: amounts falling due within one year: ( 22,723 ) ( 28,210 )
Net current assets (liabilities): 60,387 60,796
Total assets less current liabilities: 67,041 67,899
Total net assets (liabilities): 67,041 67,899

The notes form part of these financial statements

MACKLEY DAVIES ASSOCIATES LIMITED

Balance sheet continued

As at 31 May 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 67,039 67,897
Shareholders funds: 67,041 67,899

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 25 October 2023
And Signed On Behalf Of The Board By:

Name: D W DAVIES
Status: Director

The notes form part of these financial statements

MACKLEY DAVIES ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:
    Fixtures & fittings - 20% on cost
    Plant & equipment - 20% on cost

    Intangible fixed assets amortisation policy

    Intangible fixed assets (incluging purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

MACKLEY DAVIES ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

MACKLEY DAVIES ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 3. Off balance sheet disclosure

    No

MACKLEY DAVIES ASSOCIATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible Assets

Total
Cost £
At 01 June 2022 18,329
Additions 1,214
Disposals -
Revaluations -
Transfers -
At 31 May 2023 19,543
Depreciation
At 01 June 2022 11,226
Charge for year 1,663
On disposals -
Other adjustments -
At 31 May 2023 12,889
Net book value
At 31 May 2023 6,654
At 31 May 2022 7,103