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REGISTERED NUMBER: 06679765 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

MCKENNAS MOTOR CO LIMITED

MCKENNAS MOTOR CO LIMITED (REGISTERED NUMBER: 06679765)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MCKENNAS MOTOR CO LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: A McKenna





REGISTERED OFFICE: The Granary
High Street
Turvey
Bedfordshire
MK43 8DB





REGISTERED NUMBER: 06679765 (England and Wales)





ACCOUNTANTS: Cox & Co. (Accountancy) Limited
Chartered Accountants
The Granary
High Street
Turvey
Bedford
Bedfordshire
MK43 8DB

MCKENNAS MOTOR CO LIMITED (REGISTERED NUMBER: 06679765)

Balance Sheet
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 235,258 237,199

CURRENT ASSETS
Stocks 113,032 160,875
Debtors 5 5,700 14,476
Cash at bank 280,822 97,976
399,554 273,327
CREDITORS
Amounts falling due within one year 6 114,402 100,417
NET CURRENT ASSETS 285,152 172,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

520,410

410,109

CREDITORS
Amounts falling due after more than one
year

7

60,804

65,790
NET ASSETS 459,606 344,319

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 459,605 344,318
459,606 344,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

MCKENNAS MOTOR CO LIMITED (REGISTERED NUMBER: 06679765)

Balance Sheet - continued
31 AUGUST 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 28 November 2024 and were signed by:





A McKenna - Director


MCKENNAS MOTOR CO LIMITED (REGISTERED NUMBER: 06679765)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

McKennas Motor Co 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

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 3 (2023 - 3 ) .

MCKENNAS MOTOR CO LIMITED (REGISTERED NUMBER: 06679765)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 343,163 15,135 358,298
Additions 5,273 264 5,537
At 31 August 2024 348,436 15,399 363,835
DEPRECIATION
At 1 September 2023 109,005 12,094 121,099
Charge for year 6,969 509 7,478
At 31 August 2024 115,974 12,603 128,577
NET BOOK VALUE
At 31 August 2024 232,462 2,796 235,258
At 31 August 2023 234,158 3,041 237,199

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,700 14,476

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,185 13,185
Trade creditors 4,495 3,547
Taxation and social security 61,457 22,864
Other creditors 35,265 60,821
114,402 100,417

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 60,804 65,790

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,064 13,050

MCKENNAS MOTOR CO LIMITED (REGISTERED NUMBER: 06679765)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 73,989 78,975

There are charges over the company assets being 9-11 High Street, Pulloxhill, Beds, MK45 4HB in the form of a mortgage deed and debenture with a fixed and floating charge over the companies assets in favour of Lloyds TSB Bank PLC.