Garrett Mckee Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02074622 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Garrett Mckee Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr N Garrett

Mr I C Mckee

SECRETARY:

Mrs S E R Hodge

REGISTERED OFFICE:

Riley House

Riley Road

Marlow

Buckinghamshire

SL7 2PH

REGISTERED NUMBER:

02074622 (England and Wales)

ACCOUNTANTS:

Knox & Eames Chartered Accountants

Badgemore House

Badgemore Park

Henley-on-Thames

Oxfordshire

RG9 4NR

FIXED ASSETS

Tangible assets

4

4,850

3,614

CURRENT ASSETS

Debtors

5

210,834

215,886

Cash at bank

202,592

137,495

413,426

353,381

CREDITORS

Amounts falling due within one year

6

158,680

148,130

NET CURRENT ASSETS

254,746

205,251

TOTAL ASSETS LESS CURRENT LIABILITIES

259,596

208,865

PROVISIONS FOR LIABILITIES

773

773

NET ASSETS

258,823

208,092

CAPITAL AND RESERVES

Called up share capital

700

700

Capital redemption reserve

600

600

Retained earnings

257,523

206,792

SHAREHOLDERS' FUNDS

258,823

208,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 22 November 2023 and were signed on its behalf by:

Mr N Garrett - Director

Mr I C Mckee - Director

1.	STATUTORY INFORMATION

Garrett Mckee 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.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

103,794

Additions

4,016

At 31 March 2023

107,810

DEPRECIATION

At 1 April 2022

100,180

Charge for year

2,780

At 31 March 2023

102,960

NET BOOK VALUE

At 31 March 2023

4,850

At 31 March 2022

3,614

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

201,178

203,584

Other debtors

9,656

12,302

210,834

215,886

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

121,687

93,563

Other creditors

36,993

54,567

158,680

148,130