Registration number: 06446895

McKellens Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 8

McKellens Limited

(Registration number: 06446895)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	134,820	176,019
Tangible assets	5	8,333	12,203
		143,153	188,222
Current assets
Stocks	6	129,900	93,583
Debtors	7	169,033	205,345
Cash at bank and in hand		3,793	2,462
		302,726	301,390
Creditors: Amounts falling due within one year	10	(305,589)	(307,389)
Net current liabilities		(2,863)	(5,999)
Total assets less current liabilities		140,290	182,223
Creditors: Amounts falling due after more than one year	10	(120,000)	(157,500)
Provisions for liabilities		(1,567)	(2,609)
Net assets		18,723	22,114
Capital and reserves
Called up share capital	8	100	100
Retained earnings		18,623	22,014
Shareholders' funds		18,723	22,114

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 September 2026 and signed on its behalf by:
 

......................................... JP Roper Director

......................................... CR Booth Director

McKellens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
11, Riverview
The Embankment Business Park
Vale Road
Stockport
Cheshire
SK4 3GN

These financial statements were authorised for issue by the Board on 25 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

McKellens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	20% on a reducing balance basis
Computer Equipment	33% on a reducing balance basis

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5% on a straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Work in Progress is stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of work in progress comprises direct labour costs and those overheads that have been incurred in bringing work in progress to its current state. At each reporting date, work in progresis assessed for impairment. If work in progress is impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

McKellens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 12).

McKellens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2025	827,167	827,167
At 31 December 2025	827,167	827,167
Amortisation
At 1 January 2025	651,148	651,148
Amortisation charge	41,199	41,199
At 31 December 2025	692,347	692,347
Carrying amount
At 31 December 2025	134,820	134,820
At 31 December 2024	176,019	176,019

McKellens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	47,496	51,711	99,207
At 31 December 2025	47,496	51,711	99,207
Depreciation
At 1 January 2025	45,006	41,998	87,004
Charge for the year	610	3,260	3,870
At 31 December 2025	45,616	45,258	90,874
Carrying amount
At 31 December 2025	1,880	6,453	8,333
At 31 December 2024	2,490	9,713	12,203

6

Stocks

	2025 £	2024 £
Work in progress	129,900	93,583

7

Debtors

	2025 £	2024 £
Trade debtors	146,956	186,053
Prepayments	22,077	19,292
	169,033	205,345

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
ordinary shares of £1 each	100	100	100	100

McKellens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	7,500
Other borrowings	120,000	150,000
	120,000	157,500

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	8,333	10,000
Bank overdrafts	83,052	91,622
	91,385	101,622

Bank borrowings

The carrying amount of the bank overdraft at the year end is £83,052 (2024 - £91,622). The bank overdraft is secured by a fixed and floating charge over the assets of the company.

Other borrowings

The Bounce Back loan is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 16 September 2026. The carrying amount at year end is £8,333 (2024 - £17,500). The Bounce Back loan is unsecured

McKellens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

10

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	91,385	101,622
Trade creditors		16,232	21,999
Taxation and social security		91,071	89,392
Accruals and deferred income		36,072	40,922
Other creditors		70,829	53,454
		305,589	307,389

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	120,000	157,500