Gary McKenry Ltd - Accounts

Gary McKenry Ltd
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	4	67,891	65,494
		67,891	65,494
Current assets
Debtors	5	3,249	8,616
Cash at bank and in hand		151,098	14,736
		154,347	23,352
Creditors: amount falling due within one year	6	(45,790)	(33,743)
Net current assets		108,557	(10,391)

Total assets less current liabilities		176,448	55,103
Provisions for liabilities	7	(16,973)	(9,308)
Net assets		159,475	45,795

Capital and reserves
Called up share capital		100	100
Profit and loss account		159,375	45,695
Shareholders' funds		159,475	45,795

For the year ended 31 March 2026 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 26 October 2026 and were signed on its behalf by:

-------------------------------
Gary McKenry
Director

Gary McKenry Ltd
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

Gary McKenry Ltd is a private company, limited by shares, registered in England and Wales, registration number 06546153, registration address 139 Warborough Avenue , Tilehurst, Reading, Berkshire, RG31 5LG.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Basis of preparation

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 represents net sales of services, excluding value added tax, as adjusted for work in progress. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for the services rendered to its customer.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the period was 0 (2025 : 0).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 April 2025	75,956	75,956
Additions	-	-
Disposals	-	-
At 31 March 2026	75,956	75,956
Amortisation
At 01 April 2025	75,956	75,956
Charge for year	-	-
On disposals	-	-
At 31 March 2026	75,956	75,956
Net book values
At 31 March 2026	-	-
At 31 March 2025	-	-

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 April 2025	45,964	41,445	884	16,671	104,964
Additions	865	55,540	239	1,832	58,476
Disposals	-	(41,445)	-	-	(41,445)
At 31 March 2026	46,829	55,540	1,123	18,503	121,995
Depreciation
At 01 April 2025	22,623	3,577	860	12,410	39,470
Charge for year	4,786	12,332	16	1,077	18,211
On disposals	-	(3,577)	-	-	(3,577)
At 31 March 2026	27,409	12,332	876	13,487	54,104
Net book values
Closing balance as at 31 March 2026	19,420	43,208	247	5,016	67,891
Opening balance as at 01 April 2025	23,341	37,868	24	4,261	65,494

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	-	6,509
Prepayments & Accrued Income	1,409	1,130
Tax Recoverable	1,840	977
	3,249	8,616

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	-	2,784
Social Security and Other Taxes	45,790	16,504
Directors' Current Accounts	-	14,455
	45,790	33,743

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	16,973		9,308
	16,973		9,308