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REGISTERED NUMBER: 06481666 (England and Wales)















Unaudited Financial Statements

for the Period 31 January 2022 to 31 January 2023

for

Main Contract Services Limited

Main Contract Services Limited (Registered number: 06481666)






Contents of the Financial Statements
for the Period 31 January 2022 to 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Main Contract Services Limited

Company Information
for the Period 31 January 2022 to 31 January 2023







DIRECTORS: Mr R H Main
Mr S M O'Hara





SECRETARY: Mr R H Main





REGISTERED OFFICE: Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ





REGISTERED NUMBER: 06481666 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Main Contract Services Limited (Registered number: 06481666)

Balance Sheet
31 January 2023

31.1.23 30.1.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 37,153 37,873

CURRENT ASSETS
Debtors 5 610,954 488,916
Cash at bank and in hand 13,246 146,200
624,200 635,116
CREDITORS
Amounts falling due within one year 6 448,798 444,812
NET CURRENT ASSETS 175,402 190,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,555

228,177

CREDITORS
Amounts falling due after more than one
year

7

(47,123

)

(78,238

)

PROVISIONS FOR LIABILITIES (75 ) (18 )
NET ASSETS 165,357 149,921

CAPITAL AND RESERVES
Called up share capital 120 120
Share premium 10 9,994 9,994
Retained earnings 10 155,243 139,807
SHAREHOLDERS' FUNDS 165,357 149,921

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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.

Main Contract Services Limited (Registered number: 06481666)

Balance Sheet - continued
31 January 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 by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:




Mr R H Main - Director



Mr S M O'Hara - Director


Main Contract Services Limited (Registered number: 06481666)

Notes to the Financial Statements
for the Period 31 January 2022 to 31 January 2023

1. STATUTORY INFORMATION

Main Contract Services 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.
Freehold property - 2% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the period 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 period 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.

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 period was 3 (2022 - 3 ) .

Main Contract Services Limited (Registered number: 06481666)

Notes to the Financial Statements - continued
for the Period 31 January 2022 to 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£ £ £ £
COST
At 31 January 2022 51,041 1,388 1,765 54,194
Additions - - 478 478
At 31 January 2023 51,041 1,388 2,243 54,672
DEPRECIATION
At 31 January 2022 13,261 1,295 1,765 16,321
Charge for period 1,020 19 159 1,198
At 31 January 2023 14,281 1,314 1,924 17,519
NET BOOK VALUE
At 31 January 2023 36,760 74 319 37,153
At 30 January 2022 37,780 93 - 37,873

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 30.1.22
£ £
Trade debtors 500,824 373,405
Amounts owed by associates 14,146 132
Other debtors 704 540
Directors' loan accounts 37,181 35,359
VAT 55,918 78,789
Prepayments 2,181 691
610,954 488,916

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 30.1.22
£ £
Bank loans and overdrafts (see note 8) 31,328 28,882
Trade creditors 385,277 383,308
Tax 12,366 18,497
Social security and other tax 5,205 396
Pension liability 350 -
Other creditors 5,074 5,272
Accrued expenses 9,198 8,457
448,798 444,812

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 30.1.22
£ £
Bank loans (see note 8) 47,123 78,238

Main Contract Services Limited (Registered number: 06481666)

Notes to the Financial Statements - continued
for the Period 31 January 2022 to 31 January 2023

8. LOANS

An analysis of the maturity of loans is given below:

31.1.23 30.1.22
£ £
Amounts falling due within one year or on demand:
Bank loans 31,328 28,882

Amounts falling due between one and two years:
Bank loans - 1-2 years 34,232 31,560

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,891 46,678

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.23 30.1.22
£ £
Within one year 10,691 -
Between one and five years 11,244 -
21,935 -

10. RESERVES
Retained Share
earnings premium Totals
£ £ £

At 31 January 2022 139,807 9,994 149,801
Profit for the period 50,795 50,795
Dividends (35,359 ) (35,359 )
At 31 January 2023 155,243 9,994 165,237

Main Contract Services Limited (Registered number: 06481666)

Notes to the Financial Statements - continued
for the Period 31 January 2022 to 31 January 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 30 January 2023 and 31 January 2022:

30.1.2331.1.22
££
Director 1
Balance outstanding at start of year35,35936,512
Amounts advanced50,01443,303
Amounts repaid(51,377)(44,456)
Amounts written off--
Amounts waived--
Balance outstanding at end of year33,99735,359

Director 2
Balance outstanding at start of year--
Amounts advanced3,183-
Amounts repaid--
Amounts written off--
Amounts waived--
Balance outstanding at end of year3,183-


12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R H Main.