Registered number
03798963
McKenzie-Martin (Holdings) Limited
Filleted Accounts
31 July 2023
McKenzie-Martin (Holdings) Limited
Registered number: 03798963
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Investments 4 5,001 5,001
Current assets
Debtors 5 120,000 120,000
Cash at bank and in hand 126,535 126,105
246,535 246,105
Creditors: amounts falling due within one year 6 (27,717) (24,596)
Net current assets 218,818 221,509
Net assets 223,819 226,510
Capital and reserves
Called up share capital 5,000 5,000
Profit and loss account 218,819 221,510
Shareholders' funds 223,819 226,510
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G M Waite
Director
Approved by the board on 19 April 2024
McKenzie-Martin (Holdings) Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 August 2022 469,485 2,500 471,985
At 31 July 2023 469,485 2,500 471,985
Depreciation
At 1 August 2022 469,485 2,500 471,985
At 31 July 2023 469,485 2,500 471,985
Net book value
At 31 July 2023 - - -
4 Investments Investments in
subsidiary
undertakings
£
Cost
At 1 August 2022 5,001
At 31 July 2023 5,001
5 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 120,000 120,000
6 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 27,043 24,272
Other creditors 674 324
27,717 24,596
7 Related party transactions 2023 2022
£ £
McKenzie Martin Limited
G M Waite is a common director
Amount due to the above company (21,976) (21,776)
Twinwall Limited
G M Waite is a common director
Amount due to the above company (5,067) (2,496)
Pencilfront Limited
G M Waite is a common director
Amount due from the above company 120,000 120,000
8 Controlling party
The company is ultimately controlled by the director and shareholder Mr G M Waite.
9 Other information
McKenzie-Martin (Holdings) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Eton Hill Works
Eton Hill Road
Radcliffe
Manchester M26 2US
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