Mackenzie & Associates Limited - Period Ending 2015-09-30

Registration number: 05705673

Mackenzie & Associates Limited

Unaudited Abbreviated Accounts

for the Period from 1 April 2014 to 30 September 2015

 

Mackenzie & Associates Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Mackenzie & Associates Limited
(Registration number: 05705673)
Abbreviated Balance Sheet at 30 September 2015

		Note			30 September 2015 £			31 March 2014 £
Current assets
Debtors					-			13,000
Cash at bank and in hand					527			28,111
					527			41,111
Creditors: Amounts falling due within one year					(42,745)			(63,268)
Net liabilities					(42,218)			(22,157)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(42,318)			(22,257)
Shareholders' deficit					(42,218)			(22,157)

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on 21 June 2016

.........................................
N M Turnbull
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Mackenzie & Associates Limited
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on the continued support of the director not requiring the withdrawal of his monies owed to him until sufficient funds are available.

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33% straight line basis

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		1,642			1,642
At 30 September 2015		1,642			1,642
Depreciation
At 1 April 2014		1,642			1,642
At 30 September 2015		1,642			1,642
Net book value
At 30 September 2015		-			-
At 31 March 2014		-			-

Page 2

Mackenzie & Associates Limited
Notes to the Abbreviated Accounts for the Period from 1 April 2014 to 30 September 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	30 September 2015						31 March 2014
		No.			£			No.			£
Ordinary A shares of £1 each		50			50			50			50
Ordinary B shares of £1 each		50			50			50			50
		100			100			100			100

4	Related party transactions

Director's advances and credits

	1 April 2014 to 30 September 2015 £		Year ended 31 March 2014 £
N M Turnbull
Balance brought forward	62,307		25,661
Drawings	(29,668)		(9,000)
Monies introduced	8,665		45,646
Balance carried forward	41,304		62,307

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