0 01/03/2022 28/02/2023 2023-02-28 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-03-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP NI009213 2022-03-01 2023-02-28 NI009213 2023-02-28 NI009213 2022-02-28 NI009213 2021-03-01 2022-02-28 NI009213 2022-02-28 NI009213 2021-02-28 NI009213 core:MotorVehicles 2022-03-01 2023-02-28 NI009213 bus:RegisteredOffice 2022-03-01 2023-02-28 NI009213 bus:LeadAgentIfApplicable 2022-03-01 2023-02-28 NI009213 bus:Director1 2022-03-01 2023-02-28 NI009213 bus:Director2 2022-03-01 2023-02-28 NI009213 bus:CompanySecretary1 2022-03-01 2023-02-28 NI009213 core:WithinOneYear 2023-02-28 NI009213 core:WithinOneYear 2022-02-28 NI009213 core:ShareCapital 2023-02-28 NI009213 core:ShareCapital 2022-02-28 NI009213 core:SharePremium 2023-02-28 NI009213 core:SharePremium 2022-02-28 NI009213 core:RetainedEarningsAccumulatedLosses 2023-02-28 NI009213 core:RetainedEarningsAccumulatedLosses 2022-02-28 NI009213 bus:SmallEntities 2022-03-01 2023-02-28 NI009213 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 NI009213 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 NI009213 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 NI009213 bus:AbridgedAccounts 2022-03-01 2023-02-28
Company registration number: NI009213
Mainline Holdings (NI) Limited
Unaudited filleted abridged financial statements
28 February 2023
Mainline Holdings (NI) Limited
Contents
Directors and other information
Accountant's report
Abridged statement of financial position
Notes to the financial statements
Mainline Holdings (NI) Limited
Directors and other information
Directors Mr T J Spence
Mrs L Spence
Secretary Mr T J Spence
Company number NI009213
Registered office 89 Bush Road
Dungannon
Co Tyrone
BT71 6EZ
Accountant GDP Accountants Ltd
122A Moore Street
Aughnacloy
BT69 6AA
Bankers Bank of Ireland
11 Market Street
Magherafelt
Co Londonderry
BT45 6EE
Solicitors F G Patton
14 Thomas Street
Dungannon
Co Tyrone
BT70 1HN
Mainline Holdings (NI) Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Mainline Holdings (NI) Limited
Year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Mainline Holdings (NI) Limited for the year ended 28 February 2023 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Mainline Holdings (NI) Limited, as a body, in accordance with the terms of my engagement letter dated 17 February 2021. My work has been undertaken solely to prepare for your approval the financial statements of Mainline Holdings (NI) Limited and state those matters that we have agreed to state to the board of directors of Mainline Holdings (NI) Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Mainline Holdings (NI) Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that Mainline Holdings (NI) Limited 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 loss of Mainline Holdings (NI) Limited. You consider that Mainline Holdings (NI) Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Mainline Holdings (NI) Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
GDP Accountants Ltd
Chartered Certified Accountants
122A Moore Street
Aughnacloy
BT69 6AA
28 November 2023
Mainline Holdings (NI) Limited
Abridged statement of financial position
28 February 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 4 8,975 11,967
________ ________
8,975 11,967
Current assets
Stocks 913,160 -
Debtors 1,439,218 1,386,031
Cash at bank and in hand 57,436 1,119,263
________ ________
2,409,814 2,505,294
Creditors: amounts falling due
within one year ( 1,048,234) ( 1,138,855)
________ ________
Net current assets 1,361,580 1,366,439
________ ________
Total assets less current liabilities 1,370,555 1,378,406
________ ________
Net assets 1,370,555 1,378,406
________ ________
Capital and reserves
Called up share capital 2,000 2,000
Share premium account 16,857 16,857
Profit and loss account 1,351,698 1,359,549
________ ________
Shareholders funds 1,370,555 1,378,406
________ ________
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 28 November 2023 , and are signed on behalf of the board by:
Mr T J Spence
Director
Company registration number: NI009213
Mainline Holdings (NI) Limited
Notes to the financial statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 89 Bush Road, Dungannon, Co Tyrone, BT71 6EZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Tangible assets
£
Cost
At 1 March 2022 and 28 February 2023 16,650
________
Depreciation
At 1 March 2022 4,683
Charge for the year 2,992
________
At 28 February 2023 7,675
________
Carrying amount
At 28 February 2023 8,975
________
At 28 February 2022 11,967
________