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REGISTERED NUMBER: 06773293 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 December 2024

for

MCK Associates Limited

MCK Associates Limited (Registered number: 06773293)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MCK Associates Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr P G Miller
Mr S C Kay
Mr P Stephenson





REGISTERED OFFICE: 48 Watling Street Road
Fulwood
Preston
Lancashire
PR2 8BP





REGISTERED NUMBER: 06773293 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

MCK Associates Limited (Registered number: 06773293)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 20,021 31,920
Investments 5 148,435 -
168,456 31,920

CURRENT ASSETS
Stocks 30,000 32,672
Debtors 6 236,197 235,024
Cash at bank 316,496 573,831
582,693 841,527
CREDITORS
Amounts falling due within one year 7 201,113 406,301
NET CURRENT ASSETS 381,580 435,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,036

467,146

PROVISIONS FOR LIABILITIES 2,412 3,786
NET ASSETS 547,624 463,360

CAPITAL AND RESERVES
Called up share capital 9 75 100
Capital redemption reserve 10 71 46
Retained earnings 10 547,478 463,214
SHAREHOLDERS' FUNDS 547,624 463,360

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

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

MCK Associates Limited (Registered number: 06773293)

Statement of Financial Position - continued
31 December 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 Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:




Mr P G Miller - Director Mr S C Kay - Director




Mr P Stephenson - Director


MCK Associates Limited (Registered number: 06773293)

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


1. STATUTORY INFORMATION

MCK Associates 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.

Government grants

Government grants are recognised as other income once there is reasonable assurance that all conditions relating to the grant have been attained and that the grant will be received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

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.

Work in progress
Work in progress is valued at cost, based on work completed but unbilled at the year end date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

MCK Associates Limited (Registered number: 06773293)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 40,230 13,780 27,506 81,516
DEPRECIATION
At 1 January 2024 21,811 7,219 20,566 49,596
Charge for year 8,046 2,176 1,677 11,899
At 31 December 2024 29,857 9,395 22,243 61,495
NET BOOK VALUE
At 31 December 2024 10,373 4,385 5,263 20,021
At 31 December 2023 18,419 6,561 6,940 31,920

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
Additions 148,435
At 31 December 2024 148,435
NET BOOK VALUE
At 31 December 2024 148,435

During the year, the company have purchased 10 shares of M & K Properties (North West) Limited, a company with common directors and shareholder, for £148,435. These shares were purchased from the personal representative of the late director, Mr Martin Richardson.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 210,926 206,632
Other debtors 25,271 28,392
236,197 235,024

MCK Associates Limited (Registered number: 06773293)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 1,286 5,088
Corporation Tax 109,403 143,107
Social security and other taxes - 10,310
VAT 88,047 99,930
Other creditor 341 4,053
Directors' loan accounts 520 142,297
Accrued expenses 1,516 1,516
201,113 406,301

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 40,156 77,412
Between one and five years 80,516 170,714
120,672 248,126

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
25 Ordinary A £1 25 25
25 Ordinary B £1 25 25
25 Ordinary C £1 25 25
NIL Ordinary D £1 - 25
75 100

MCK Associates Limited (Registered number: 06773293)

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


10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2024 463,214 46 463,260
Profit for the year 632,109 632,109
Dividends (260,345 ) (260,345 )
Purchase of own shares (287,500 ) 25 (287,475 )
At 31 December 2024 547,478 71 547,549

During the year, the company bought back 25 of its Ordinary D shares from the personal representative of late director, Mr Martin Richardson, for a consideration of £287,500. This acquisition was funded from the distributable profits of the company.

11. RELATED PARTY DISCLOSURES

The company rented property from M & K Properties (North West) Ltd, a company with common directors and shareholders and the rent rent paid for the year was £23,150 (2023-£21,600). M & K Properties (North West) Ltd owed £453 to the company at the year end.

During the year, the company have purchased 10 shares of M & K Properties (North West) Limited, a company with common directors and shareholder, for £148,435. These shares were purchased from the personal representative of the late director, Mr Martin Richardson.