REGISTERED NUMBER: 11541706 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Mckenzie Financial Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G A Vaughan

Ms E S Vaughan

REGISTERED OFFICE:

35 Thornfield Road

Bishop's Stortford

CM23 2RB

REGISTERED NUMBER:

11541706 (England and Wales)

ACCOUNTANTS:

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

FIXED ASSETS

Intangible assets

4

-

3,920

Tangible assets

5

24,995

33,031

24,995

36,951

CURRENT ASSETS

Debtors

6

158,040

140,911

Cash at bank

35,045

319,062

193,085

459,973

CREDITORS

Amounts falling due within one year

7

(8,364

)

(137,975

)

NET CURRENT ASSETS

184,721

321,998

TOTAL ASSETS LESS CURRENT LIABILITIES

209,716

358,949

PROVISIONS FOR LIABILITIES

(6,249

)

-

NET ASSETS

203,467

358,949

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

203,465

358,947

203,467

358,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 5 September 2025 and were signed on its behalf by:

Mr G A Vaughan - Director

1.	STATUTORY INFORMATION

Mckenzie Financial 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 3 years

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

9,800

Disposals

(9,800

)

At 31 March 2025

-

AMORTISATION

At 1 April 2024

5,880

Eliminated on disposal

(5,880

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

3,920

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

539

43,450

339

44,328

Additions

-

-

499

499

At 31 March 2025

539

43,450

838

44,827

DEPRECIATION

At 1 April 2024

180

10,863

254

11,297

Charge for year

179

8,146

210

8,535

At 31 March 2025

359

19,009

464

19,832

NET BOOK VALUE

At 31 March 2025

180

24,441

374

24,995

At 31 March 2024

359

32,587

85

33,031

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

140,175

Directors' current accounts

157,941

-

Deferred tax asset

-

736

Prepayments

99

-

158,040

140,911

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

36

-

Tax

4,555

134,789

Social security and other taxes

353

(548

)

Directors' current accounts

-

47

Accrued expenses

3,420

3,687

8,364

137,975

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr G A Vaughan

Balance outstanding at start of year

(47

)

(939

)

Amounts advanced

350,368

1,642

Amounts repaid

(192,380

)

(750

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

157,941

(47

)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G A Vaughan and Ms E S Vaughan.