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REGISTERED NUMBER: 09622361 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

T. McKenzie & Son Limited

T. McKenzie & Son Limited (Registered number: 09622361)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


T. McKenzie & Son Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: S Mckenzie





REGISTERED OFFICE: The Depot
Tatham Street
Hendon
Sunderland
Tyne & Wear
SR1 2QB





REGISTERED NUMBER: 09622361 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

T. McKenzie & Son Limited (Registered number: 09622361)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 159,994 166,616

CURRENT ASSETS
Debtors 5 29,100 45,416
Cash at bank 1,734 1,391
30,834 46,807
CREDITORS
Amounts falling due within one year 6 97,516 99,267
NET CURRENT LIABILITIES (66,682 ) (52,460 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,312

114,156

CREDITORS
Amounts falling due after more than one
year

7

23,059

33,059
NET ASSETS 70,253 81,097

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 80,000 80,000
Retained earnings (9,748 ) 1,096
70,253 81,097

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 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.

T. McKenzie & Son Limited (Registered number: 09622361)

Statement of Financial Position - 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 director and authorised for issue on 9 July 2024 and were signed by:





S Mckenzie - Director


T. McKenzie & Son Limited (Registered number: 09622361)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

T. McKenzie & Son 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

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.
Land and buildings - not provided
Plant and machinery etc - 25% Straight line, 20% Straight line and 15% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

T. McKenzie & Son Limited (Registered number: 09622361)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 125,000 213,685 53,571 392,256
DEPRECIATION
At 1 April 2023 - 172,516 53,124 225,640
Charge for year - 6,175 447 6,622
At 31 March 2024 - 178,691 53,571 232,262
NET BOOK VALUE
At 31 March 2024 125,000 34,994 - 159,994
At 31 March 2023 125,000 41,169 447 166,616

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,432 44,841
Prepayments 668 575
29,100 45,416

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,272 5,658
Hire purchase contracts - 5,532
Trade creditors 30,503 22,089
Social security and other taxes 24,827 20,851
Directors' current accounts 37,314 42,837
Accrued expenses 2,600 2,300
97,516 99,267

T. McKenzie & Son Limited (Registered number: 09622361)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,290 10,290
Bank loans - 2-5 years 12,769 22,769
23,059 33,059

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 5,532