Mackrill Financial Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04662576

MACKRILL FINANCIAL MANAGEMENT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

16 March 2026

MACKRILL FINANCIAL MANAGEMENT LIMITED

FINANCIAL STATEMENTS

PERIOD FROM 1 APRIL 2025 TO 16 MARCH 2026

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

MACKRILL FINANCIAL MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION

16 March 2026

	16 Mar 26		31 Mar 25
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		21,229		24,523

CURRENT ASSETS

Debtors	6	3,590	6,155
Investments	7	–	66,278
Cash at bank and in hand		361,962	254,078
		----------	----------
		365,552	326,511

CREDITORS: amounts falling due within one year	8	93,278		88,997
		----------		----------
NET CURRENT ASSETS			272,274		237,514
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			293,503		262,037

PROVISIONS

Taxation including deferred tax	9	3,505	4,107
		----------	----------
NET ASSETS		289,998	257,930
		----------	----------

MACKRILL FINANCIAL MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

16 March 2026

	16 Mar 26		31 Mar 25
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	11	4	4
Profit and loss account		289,994	257,926
		----------	----------
SHAREHOLDERS FUNDS		289,998	257,930
		----------	----------

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 period ending 16 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period 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 6 October 2026 , and are signed on behalf of the board by:

S P Ward
Director

Company registration number: 04662576

MACKRILL FINANCIAL MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 APRIL 2025 TO 16 MARCH 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lancaster House, Ackhurst Business Park, Foxhole Road, Chorley, PR7 1NY.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents insurance commission and fees earned when the insurance business carried out by the company is put into force by the insurance company to whom that business has been given with a deduction for the clawback of commission or fees by the insurance company due to the cancellation of that business. All other commission and fees are earned when the transaction relating to the earning of that commission or fee has been completed.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and Fittings	-	10% straight line
Equipment	-	33% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Investments Investments are initially recorded at cost, and subsequently stated at surrender value with the profit or loss being recognised in profit or loss in the current year.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 5 (2025: 5 ).

5. TANGIBLE ASSETS

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2025 and 16 March 2026	36,866	14,762	51,628
	---------	---------	---------
Depreciation
At 1 April 2025	12,756	14,349	27,105
Charge for the period	2,881	413	3,294
	---------	---------	---------
At 16 March 2026	15,637	14,762	30,399
	---------	---------	---------
Carrying amount
At 16 March 2026	21,229	–	21,229
	---------	---------	---------
At 31 March 2025	24,110	413	24,523
	---------	---------	---------

6. DEBTORS

	16 Mar 26	31 Mar 25
	£	£
Prepayments and accrued income	3,590	6,155
	-------	-------

7. INVESTMENTS

	16 Mar 26	31 Mar 25
	£	£
Investment	–	66,278
	----	---------

8. CREDITORS: amounts falling due within one year

	16 Mar 26	31 Mar 25
	£	£
Accruals and deferred income	4,442	4,550
Corporation tax	82,786	83,645
Social security and other taxes	4,481	–
Director loan accounts	802	802
Other creditors	767	–
	---------	---------
	93,278	88,997
	---------	---------

9. PROVISIONS

	Deferred tax (note 10)
	£
At 1 April 2025	4,107
Charge against provision	( 602)
	-------
At 16 March 2026	3,505
	-------

10. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	16 Mar 26	31 Mar 25
	£	£
Included in provisions (note 9)	3,505	4,107
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	16 Mar 26	31 Mar 25
	£	£
Accelerated capital allowances	3,505	4,107
	-------	-------

11. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	16 Mar 26		31 Mar 25
	No.	£	No.	£
Ordinary A shares of £ 1 each	1	1	1	1
Ordinary B shares of £ 1 each	1	1	1	1
Ordinary C shares of £ 1 each	1	1	1	1
Ordinary D shares of £ 1 each	1	1	1	1
	----	----	----	----
	4	4	4	4
	----	----	----	----

All shares rank pari passu except that C and D shares have no voting or other participating right.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the directors Mr J C Mackrill and Mr J P Mackrill had unsecured interest free loans with the company. The directors' loan accounts were both in credit throughout the year and are repayable on demand.