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REGISTERED NUMBER: 02234393















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Mainland Marketing Limited

Mainland Marketing Limited (Registered number: 02234393)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mainland Marketing Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: A J May
K J Hale





SECRETARY: A J May





REGISTERED OFFICE: St Mary's
ISLES OF SCILLY
Cornwall
TR21 0NG





REGISTERED NUMBER: 02234393





ACCOUNTANTS: Colin Truscott Accountancy Limited
9 Heron Close
Tresillian
Cornwall
TR2 4BH

Mainland Marketing Limited (Registered number: 02234393)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,308 99,304

CURRENT ASSETS
Stocks 7,400 6,200
Debtors 5 31,783 33,097
Cash at bank and in hand 692,573 631,266
731,756 670,563
CREDITORS
Amounts falling due within one year 6 112,954 108,879
NET CURRENT ASSETS 618,802 561,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

710,110

660,988

CREDITORS
Amounts falling due after more than
one year

7

(31,220

)

(32,160

)

PROVISIONS FOR LIABILITIES (568 ) (1,295 )
NET ASSETS 678,322 627,533

CAPITAL AND RESERVES
Called up share capital 63,053 63,053
Share premium 8 6,600 6,600
Capital redemption reserve 8 3,615 3,615
Retained earnings 8 605,054 554,265
678,322 627,533

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

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

Mainland Marketing Limited (Registered number: 02234393)

Balance Sheet - continued
31 August 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 14 March 2024 and were signed on its behalf by:





K J Hale - Director


Mainland Marketing Limited (Registered number: 02234393)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Mainland Marketing Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 4% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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.

Mainland Marketing Limited (Registered number: 02234393)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Government grants
Government grants on capital expenditure are credited to a deferral account and are released to revenue over the expected useful life of the relevant asset by equal annual instalments. Grants of a revenue nature are credited to income in the period to which they relate.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2022
and 31 August 2023 176,238 160,685 18,605
DEPRECIATION
At 1 September 2022 83,749 160,136 18,605
Charge for year 3,452 275 -
At 31 August 2023 87,201 160,411 18,605
NET BOOK VALUE
At 31 August 2023 89,037 274 -
At 31 August 2022 92,489 549 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 9,194 69,475 434,197
DEPRECIATION
At 1 September 2022 5,485 66,918 334,893
Charge for year 1,839 2,430 7,996
At 31 August 2023 7,324 69,348 342,889
NET BOOK VALUE
At 31 August 2023 1,870 127 91,308
At 31 August 2022 3,709 2,557 99,304

Mainland Marketing Limited (Registered number: 02234393)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS - continued

Included in cost of land and buildings is freehold land of £ 3,464 (2022 - £ 3,464 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,075 10,146
Other debtors 13,673 22,718
VAT 4,035 233
31,783 33,097

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,019 15,987
Corporation tax 14,289 16,706
Other creditors 84,706 75,246
Deferred credit - grants 940 940
112,954 108,879

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Deferred credit - grants 31,220 32,160

8. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 September 2022 554,265 6,600 3,615 564,480
Profit for the year 50,789 50,789
At 31 August 2023 605,054 6,600 3,615 615,269

Mainland Marketing Limited (Registered number: 02234393)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. RELATED PARTY DISCLOSURES

During the year the directors sold flowers to the company on an arm's length basis, as follows:


A J May £ 326,949

K J Hale £ 522,626

and were charged handling costs, etc. of:


A J May £ 102,476

K J Hale £164,697


At 31 August 2023 A J May owed £nil (2022: £3,664) and was owed £nil (2022: £nil), and K J Hale owed £nil (2022: £2,850) and was owed £10,528 (2022:13,135). The balances are included within debtors and creditors respectively.