Abbreviated Company Accounts - THE MCKENZIE CORPORATION LIMITED

THE MCKENZIE CORPORATION LIMITED - Company Information

03229445 THE MCKENZIE CORPORATION LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 03229445 2015-01-01 2015-12-31 03229445 2015-12-31 03229445 2014-12-31 03229445 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 03229445 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 03229445

THE MCKENZIE CORPORATION LIMITED

Abbreviated Accounts

31 December 2015

THE MCKENZIE CORPORATION LIMITED Registered Number 03229445

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,454	3,925
Investments	3	2,115,272	2,115,272
		2,119,726	2,119,197
Current assets
Debtors		4,945,156	4,255,904
Cash at bank and in hand		790,347	765,104
		5,735,503	5,021,008
Creditors: amounts falling due within one year		(324,674)	(335,118)
Net current assets (liabilities)		5,410,829	4,685,890
Total assets less current liabilities		7,530,555	6,805,087
Total net assets (liabilities)		7,530,555	6,805,087
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		7,530,554	6,805,086
Shareholders' funds		7,530,555	6,805,087

For the year ending 31 December 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 directors acknowledge their 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 Board on 28 September 2016

And signed on their behalf by:
Philip George Walton, Director

THE MCKENZIE CORPORATION LIMITED Registered Number 03229445

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% reducing balance basis

Other accounting policies
Investments
Fixed asset investments are stated at cost.

2Tangible fixed assets

	£
Cost
At 1 January 2015	14,752
Additions	3,252
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	18,004
Depreciation
At 1 January 2015	10,827
Charge for the year	2,723
On disposals	-
At 31 December 2015	13,550
Net book values
At 31 December 2015	4,454
At 31 December 2014	3,925

3Fixed assets Investments
Cost
At 1 January 2015 £ 2,115,272
At 31 December 2015 £ 2,115,272

Net book values
At 31 December 2015 £ 2,115,272
At 31 December 2014 £ 2,115,272

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1

5Transactions with directors

Name of director receiving advance or credit:	Philip George Walton
Description of the transaction:	Loan
Balance at 1 January 2015:	£ 0
Advances or credits made:	£ 164,858
Advances or credits repaid:	-
Balance at 31 December 2015:	£ 164,858