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REGISTERED NUMBER: 00362031 (England and Wales)















MACKENZIE TOOLS AND PRODUCTIONS LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2024






MACKENZIE TOOLS AND PRODUCTIONS LIMITED (REGISTERED NUMBER: 00362031)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MACKENZIE TOOLS AND PRODUCTIONS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A R W Stretch
Ms Y Stretch





SECRETARY: A R W Stretch





REGISTERED OFFICE: Unit 8A Palmers Road
East Moons Moat
Redditch
Worcestershire
B98 0RF





REGISTERED NUMBER: 00362031 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

MACKENZIE TOOLS AND PRODUCTIONS LIMITED (REGISTERED NUMBER: 00362031)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 688,032 739,845

CURRENT ASSETS
Stocks 13,000 19,380
Debtors 5 242,677 206,438
Cash at bank 24,394 47,638
280,071 273,456
CREDITORS
Amounts falling due within one year 6 394,156 368,695
NET CURRENT LIABILITIES (114,085 ) (95,239 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

573,947

644,606

CREDITORS
Amounts falling due after more than one year 7 (216,019 ) (288,348 )

PROVISIONS FOR LIABILITIES (54,624 ) (69,216 )
NET ASSETS 303,304 287,042

CAPITAL AND RESERVES
Called up share capital 500 500
Revaluation reserve 9 54,821 54,821
Retained earnings 247,983 231,721
SHAREHOLDERS' FUNDS 303,304 287,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 24 February 2025 and were signed on its behalf by:





A R W Stretch - Director


MACKENZIE TOOLS AND PRODUCTIONS LIMITED (REGISTERED NUMBER: 00362031)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Mackenzie Tools and Productions 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 8 (2023 - 8 ) .

MACKENZIE TOOLS AND PRODUCTIONS LIMITED (REGISTERED NUMBER: 00362031)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 July 2023 427,183 566,483 60,400 12,105 1,066,171
Additions - 2,868 - - 2,868
At 30 June 2024 427,183 569,351 60,400 12,105 1,069,039
DEPRECIATION
At 1 July 2023 - 267,238 51,238 7,850 326,326
Charge for year - 51,309 2,308 1,064 54,681
At 30 June 2024 - 318,547 53,546 8,914 381,007
NET BOOK VALUE
At 30 June 2024 427,183 250,804 6,854 3,191 688,032
At 30 June 2023 427,183 299,245 9,162 4,255 739,845

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2017 20,876 - - - 20,876
Cost 406,307 569,351 60,400 12,105 1,048,163
427,183 569,351 60,400 12,105 1,069,039

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 385,499 385,499
Aggregate depreciation 49,365 49,365

Freehold property was valued on an open market basis on 30 June 2017 by Alec Stretch .

The net book value of tangible fixed assets includes £ 206,609 (2023 - £ 83,816 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 208,768 203,031
Other debtors 33,909 3,407
242,677 206,438

MACKENZIE TOOLS AND PRODUCTIONS LIMITED (REGISTERED NUMBER: 00362031)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,409 17,779
Hire purchase contracts 48,303 48,304
Trade creditors 103,109 112,180
Taxation and social security 46,189 12,751
Other creditors 180,146 177,681
394,156 368,695

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 83,221 100,305
Hire purchase contracts 132,798 188,043
216,019 288,348

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 35,063 43,814

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 99,630 118,084
Hire purchase contracts 181,101 236,347
Invoice Finance 135,202 139,001
415,933 493,432

The bank borrowings are secured.

Invoice finance is secured on the outstanding debtor book.

Hire purchase contract is secured upon the related asset held under hire purchase.

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 54,821

10. RELATED PARTY DISCLOSURES

At the year end a creditor of £5,556 (2022: £5,556) was due to MTP Laser.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A R W Stretch due to holding over 99% of the issued share capital.