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REGISTERED NUMBER: 02999385 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MCKENZIE GUPPY LTD.

MCKENZIE GUPPY LTD. (REGISTERED NUMBER: 02999385)






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 GUPPY LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A L Guppy
C A Vickery





SECRETARY: Mrs H A Young





REGISTERED OFFICE: 18 High West Street
Dorchester
Dorset
DT1 1UW





REGISTERED NUMBER: 02999385 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

MCKENZIE GUPPY LTD. (REGISTERED NUMBER: 02999385)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,858 27,721

CURRENT ASSETS
Stocks 13,719 15,876
Debtors 5 29,045 29,575
Cash at bank and in hand 27,705 49,851
70,469 95,302
CREDITORS
Amounts falling due within one year 6 20,742 31,689
NET CURRENT ASSETS 49,727 63,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,585

91,334

PROVISIONS FOR LIABILITIES 7 4,398 5,102
NET ASSETS 69,187 86,232

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 69,087 86,132
SHAREHOLDERS' FUNDS 69,187 86,232

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 GUPPY LTD. (REGISTERED NUMBER: 02999385)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




A L Guppy - Director



C A Vickery - Director


MCKENZIE GUPPY LTD. (REGISTERED NUMBER: 02999385)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

McKenzie Guppy Ltd. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Bicycles - at variable rates on reducing balance
Plant, tools and machinery - 15% on reducing balance
Furniture, fittings and office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
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 costs and an appropriate proportion of fixed and variable overheads and in the case of work in progress a proportion of attributable profit.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2023 - 3 ).

MCKENZIE GUPPY LTD. (REGISTERED NUMBER: 02999385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Furniture,
fittings
Plant, and
tools and office
Bicycles machinery equipment
£    £    £   
COST
At 1 April 2023 1,906 70,206 21,843
Additions - 1,446 -
At 31 March 2024 1,906 71,652 21,843
DEPRECIATION
At 1 April 2023 1,845 53,656 19,922
Charge for year 24 2,700 288
At 31 March 2024 1,869 56,356 20,210
NET BOOK VALUE
At 31 March 2024 37 15,296 1,633
At 31 March 2023 61 16,550 1,921

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 6,791 31,790 132,536
Additions - - 1,446
At 31 March 2024 6,791 31,790 133,982
DEPRECIATION
At 1 April 2023 5,884 23,508 104,815
Charge for year 227 2,070 5,309
At 31 March 2024 6,111 25,578 110,124
NET BOOK VALUE
At 31 March 2024 680 6,212 23,858
At 31 March 2023 907 8,282 27,721

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,045 29,575

MCKENZIE GUPPY LTD. (REGISTERED NUMBER: 02999385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,227 2,214
Corporation tax 4,223 7,726
Social security and other taxes 131 130
VAT 6,701 13,458
Other creditors 1,017 13
Credit card account 265 1,095
Directors' current accounts 1,008 1,378
Accruals 5,170 5,675
20,742 31,689

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,398 5,102

Deferred
tax
£   
Balance at 1 April 2023 5,102
Credit to Statement of Income and Retained Earnings during year (704 )
Balance at 31 March 2024 4,398

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary £1 - 100
(2023 - 100 )
50 Ordinary A £1 50 -
25 Ordinary B £1 25 -
25 Ordinary C £1 25 -
100 100

9. TRANSACTIONS WITH DIRECTORS

The premises from which the company trades are owned by the directors. During the year rent of £18,000 was paid to them (£18,000 - 2023). No amount was outstanding at 31st March 2024 (£Nil - 2023).