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COMPANY REGISTRATION NUMBER: 02506568
Durham Mackenzie Limited
Filleted Unaudited Financial Statements
31 May 2024
Durham Mackenzie Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
219,317
301,909
Creditors: amounts falling due within one year
5
255,186
290,242
---------
---------
Net current (liabilities)/assets
( 35,869)
11,667
--------
--------
Total assets less current liabilities
( 35,869)
11,667
Creditors: amounts falling due after more than one year
6
41,061
--------
--------
Net liabilities
( 35,869)
( 29,394)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 35,871)
( 29,396)
--------
--------
Shareholder deficit
( 35,869)
( 29,394)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 February 2025 , and are signed on behalf of the board by:
B Grove
Director
Company registration number: 02506568
Durham Mackenzie Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Counsells, 49 Smithbrook Kilns, Cranleigh, Surrey, GU6 8JJ, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Debtors
2024
2023
£
£
Other debtors
219,317
301,909
---------
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
89,918
42,449
Trade creditors
104,496
103,283
Social security and other taxes
47,844
47,824
Other creditors
12,928
96,686
---------
---------
255,186
290,242
---------
---------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
41,061
----
--------
7. Related party transactions
The company was under the control of B Grove throughout the current and previous year. B Grove is the managing director and sole shareholder. Included in other creditors is £12,046 (2023: £12,046) due to B Grove . Included in other creditors are balances totalling £1,801 (2023: £80,639) due to companies owned and controlled by B Grove . Included in other debtors are balances totalling £219,318 (2023: £301,908) due from companies owned and controlled by B Grove .