MAINLINE PLANT LIMITED

Company Registration Number:
04583184 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

MAINLINE PLANT LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

MAINLINE PLANT LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 290,338 351,468
Investments: 4 49,000 49,000
Total fixed assets: 339,338 400,468
Current assets
Stocks: 33,897 45,303
Debtors:   260,442 274,449
Cash at bank and in hand: 14,496 48,200
Total current assets: 308,835 367,952
Creditors: amounts falling due within one year:   (545,381) (545,563)
Net current assets (liabilities): (236,546) (177,611)
Total assets less current liabilities: 102,792 222,857
Total net assets (liabilities): 102,792 222,857
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 102,791 222,856
Shareholders funds: 102,792 222,857

The notes form part of these financial statements

MAINLINE PLANT LIMITED

Balance sheet statements

For the year ending 30 November 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 March 2024
and signed on behalf of the board by:

Name: Mr G. Bayliss
Status: Director

The notes form part of these financial statements

MAINLINE PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows Plant and Machinery 25 reducing balance. Fixtures and Fittings 25 reducing balanceMotor Vehicles 25 reducing balance

Valuation and information policy

Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods , cost includes a relevant proportion of overheads according to the stage of manufacture / completion.

Other accounting policies

Investments Fixed asset investments are initially measured at cost, and subsequently measured at cost less any impairment losses. The investments are assessed for impairments at each reporting date and any impairment losses or reversal of impairment losses are recognised immediately in profit or loss.

MAINLINE PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 4 5

MAINLINE PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 1,719,402
Additions 35,650
Disposals (21,750)
At 30 November 2023 1,733,302
Depreciation
At 01 December 2022 1,367,934
Charge for year 96,780
On disposals (21,750)
At 30 November 2023 1,442,964
Net book value
At 30 November 2023 290,338
At 30 November 2022 351,468

MAINLINE PLANT LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Fixed investments

Investments Fixed asset investments are initially measured at cost, and subsequently measured at cost less any impairment losses. The investments are assessed for impairments at each reporting date and any impairment losses or reversal of impairment losses are recognised immediately in profit or loss.