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REGISTERED NUMBER: 11541706 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Mckenzie Financial Limited

Mckenzie Financial Limited (Registered number: 11541706)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mckenzie Financial Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr G A Vaughan
Ms E S Vaughan





REGISTERED OFFICE: 37 Milliners Way
Bishop's Stortford
United Kingdom
CM23 4GG





REGISTERED NUMBER: 11541706 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Mckenzie Financial Limited (Registered number: 11541706)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,920 4,900
Tangible assets 5 33,031 169
36,951 5,069

CURRENT ASSETS
Debtors 6 140,911 211,984
Cash at bank 319,062 111,831
459,973 323,815
CREDITORS
Amounts falling due within one year 7 (137,975 ) (72,208 )
NET CURRENT ASSETS 321,998 251,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

358,949

256,676

PROVISIONS FOR LIABILITIES - (32 )
NET ASSETS 358,949 256,644

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 358,947 256,642
358,949 256,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Mckenzie Financial Limited (Registered number: 11541706)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by:





Mr G A Vaughan - Director


Mckenzie Financial Limited (Registered number: 11541706)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mckenzie Financial 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 9,800
AMORTISATION
At 1 April 2023 4,900
Charge for year 980
At 31 March 2024 5,880
NET BOOK VALUE
At 31 March 2024 3,920
At 31 March 2023 4,900

Mckenzie Financial Limited (Registered number: 11541706)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 339
Additions 43,989
At 31 March 2024 44,328
DEPRECIATION
At 1 April 2023 170
Charge for year 11,127
At 31 March 2024 11,297
NET BOOK VALUE
At 31 March 2024 33,031
At 31 March 2023 169

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 140,175 211,984
Deferred tax asset 736 -
140,911 211,984

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 134,789 67,927
Social security and other taxes (548 ) 108
Directors' current accounts 47 939
Accrued expenses 3,687 3,234
137,975 72,208

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr G A Vaughan
Balance outstanding at start of year (939 ) (694 )
Amounts advanced 1,642 -
Amounts repaid (750 ) (245 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (47 ) (939 )

Mckenzie Financial Limited (Registered number: 11541706)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G A Vaughan and Ms E S Vaughan.