IRIS Accounts Production v23.3.0.418 09833481 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary share capital 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh098334812022-03-31098334812023-03-31098334812022-04-012023-03-31098334812021-03-31098334812021-04-012022-03-31098334812022-03-3109833481ns10:Originalns15:EnglandWales2022-04-012023-03-3109833481ns14:PoundSterlingns10:Original2022-04-012023-03-3109833481ns10:Originalns10:Director12022-04-012023-03-3109833481ns10:Original2022-04-012023-03-3109833481ns10:Original2023-03-3109833481ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3109833481ns10:Originalns10:SmallEntities2022-04-012023-03-3109833481ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-3109833481ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3109833481ns10:Originalns10:FullAccounts2022-04-012023-03-3109833481ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3109833481ns10:CompanySecretary1ns10:Original2022-04-012023-03-3109833481ns10:Originalns10:RegisteredOffice2022-04-012023-03-3109833481ns10:Original2022-03-3109833481ns10:Originalns5:CurrentFinancialInstruments2023-03-3109833481ns10:Originalns5:CurrentFinancialInstruments2022-03-3109833481ns10:Originalns5:Non-currentFinancialInstruments2023-03-3109833481ns10:Originalns5:Non-currentFinancialInstruments2022-03-3109833481ns5:ShareCapitalns10:Original2023-03-3109833481ns5:ShareCapitalns10:Original2022-03-3109833481ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3109833481ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3109833481ns10:Originalns5:FurnitureFittings2022-04-012023-03-3109833481ns10:Originalns5:MotorVehicles2022-04-012023-03-3109833481ns10:Originalns5:ComputerEquipment2022-04-012023-03-3109833481ns10:Original2021-04-012022-03-3109833481ns10:Originalns5:PlantMachinery2022-03-3109833481ns10:Originalns5:FurnitureFittings2022-03-3109833481ns10:Originalns5:MotorVehicles2022-03-3109833481ns10:Originalns5:ComputerEquipment2022-03-3109833481ns10:Original2022-03-3109833481ns10:Originalns5:PlantMachinery2022-04-012023-03-3109833481ns10:Originalns5:PlantMachinery2023-03-3109833481ns10:Originalns5:FurnitureFittings2023-03-3109833481ns10:Originalns5:MotorVehicles2023-03-3109833481ns10:Originalns5:ComputerEquipment2023-03-3109833481ns10:Originalns5:PlantMachinery2022-03-3109833481ns10:Originalns5:FurnitureFittings2022-03-3109833481ns10:Originalns5:MotorVehicles2022-03-3109833481ns10:Originalns5:ComputerEquipment2022-03-3109833481ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109833481ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3109833481ns10:Originalns5:DeferredTaxation2022-03-3109833481ns10:Originalns5:DeferredTaxation2022-04-012023-03-3109833481ns10:Originalns5:DeferredTaxation2023-03-3109833481ns10:Originalns10:OrdinaryShareClass12023-03-3109833481ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3109833481ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 09833481 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st March 2023

for

Main R Ltd

Main R Ltd (Registered number: 09833481)






Contents of the Financial Statements
For The Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Main R Ltd

Company Information
For The Year Ended 31st March 2023







DIRECTOR: R J Main





SECRETARY: Mrs P A Main





REGISTERED OFFICE: The Willows
Ruthvoes
St Columb
Cornwall
TR9 6HU





REGISTERED NUMBER: 09833481 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Main R Ltd (Registered number: 09833481)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,507 33,366

CURRENT ASSETS
Stocks 5 46,224 41,586
Debtors 6 114,918 106,876
Cash at bank and in hand 15,386 22,702
176,528 171,164
CREDITORS
Amounts falling due within one year 7 65,117 57,865
NET CURRENT ASSETS 111,411 113,299
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,918

146,665

CREDITORS
Amounts falling due after more than one
year

8

(62,693

)

(88,052

)

PROVISIONS FOR LIABILITIES 11 (11,127 ) (6,340 )
NET ASSETS 82,098 52,273

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 81,998 52,173
SHAREHOLDERS' FUNDS 82,098 52,273

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Main R Ltd (Registered number: 09833481)

Balance Sheet - continued
31st March 2023


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 and authorised for issue by the director and authorised for issue on 12th September 2023 and were signed by:





R J Main - Director


Main R Ltd (Registered number: 09833481)

Notes to the Financial Statements
For The Year Ended 31st March 2023

1. STATUTORY INFORMATION

Main R Ltd 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

Main R Ltd (Registered number: 09833481)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2022 - 2,248 113,790 2,949 118,987
Additions 8,324 - 13,500 - 21,824
At 31st March 2023 8,324 2,248 127,290 2,949 140,811
DEPRECIATION
At 1st April 2022 - 672 82,581 2,368 85,621
Charge for year 482 237 9,771 193 10,683
At 31st March 2023 482 909 92,352 2,561 96,304
NET BOOK VALUE
At 31st March 2023 7,842 1,339 34,938 388 44,507
At 31st March 2022 - 1,576 31,209 581 33,366

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 46,224 41,586

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 113,046 102,994
SOT Reserve Accounts 1,872 3,882
114,918 106,876

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 17,821 18,800
VAT 8,722 7,371
SOT Control Account 11,461 28,310
Directors' current accounts 23,708 235
Accrued expenses 3,405 3,149
65,117 57,865

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 9) 31,625 41,667
Hire purchase contracts 31,068 46,385
62,693 88,052

Main R Ltd (Registered number: 09833481)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 31,625 41,667

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 31,625 41,667

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Snap on Tools Limited 11,461 28,310

There is a fixed charge over the book debts and a floating charge over the other assets to secure monies due to Snap on Tools Limited.

11. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 11,127 6,340

Deferred
tax
£   
Balance at 1st April 2022 6,340
Charge to Income Statement during year 4,787
Balance at 31st March 2023 11,127

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary share capital £1 100 100

Main R Ltd (Registered number: 09833481)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2023

13. RESERVES
Retained
earnings
£   

At 1st April 2022 52,173
Profit for the year 84,825
Dividends (55,000 )
At 31st March 2023 81,998

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £55,000 (2022 - £28,050) were paid to the director .

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R J Main.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Main R Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Main R Ltd for the year ended 31st March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Main R Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Main R Ltd and state those matters that we have agreed to state to the director of Main R Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Main R Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Main R Ltd. You consider that Main R Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Main R Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 12th September 2023