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REGISTERED NUMBER: 08275199 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ian McKinnell Limited

Ian McKinnell Limited (Registered number: 08275199)






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


Ian McKinnell Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: I McKinnell





SECRETARY: Ms E Heaney





REGISTERED OFFICE: 75 Springfield Road
Chelmsford
Essex
CM2 6JB





REGISTERED NUMBER: 08275199 (England and Wales)





ACCOUNTANTS: LB Group Advisory Limited
Swift House, Ground Floor
18 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

Ian McKinnell Limited (Registered number: 08275199)

Balance Sheet
31 March 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
2,593 Tangible assets 4 5,112

CURRENT ASSETS
1,792 Debtors 5 3,900
736 Cash at bank 4,254
2,528 8,154
CREDITORS
1,804 Amounts falling due within one year 6 5,537
724 NET CURRENT ASSETS 2,617
3,317 TOTAL ASSETS LESS CURRENT
LIABILITIES

7,729

CREDITORS
(85 ) Amounts falling due after more than one
year

7

-

(493 ) PROVISIONS FOR LIABILITIES (971 )
2,739 NET ASSETS 6,758

CAPITAL AND RESERVES
103 Called up share capital 103
2,636 Retained earnings 6,655
2,739 SHAREHOLDERS' FUNDS 6,758

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.

Ian McKinnell Limited (Registered number: 08275199)

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 director and authorised for issue on 18 November 2024 and were signed by:





I McKinnell - Director


Ian McKinnell Limited (Registered number: 08275199)

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

1. STATUTORY INFORMATION

Ian McKinnell 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.

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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

Ian McKinnell Limited (Registered number: 08275199)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 11,556
Additions 4,598
Disposals (666 )
At 31 March 2024 15,488
DEPRECIATION
At 1 April 2023 8,963
Charge for year 1,704
Eliminated on disposal (291 )
At 31 March 2024 10,376
NET BOOK VALUE
At 31 March 2024 5,112
At 31 March 2023 2,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,900 395
Other debtors - 1,397
3,900 1,792

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,659 506
Taxation and social security 2,575 290
Other creditors 1,303 1,008
5,537 1,804

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 85