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REGISTERED NUMBER: 00699298 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Main Construction Limited

Main Construction Limited (Registered number: 00699298)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Main Construction Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: FJ Main





SECRETARY:





REGISTERED OFFICE: Yews
Main Street
Sibford Gower
Banbury
Oxfordshire
OX15 5RT





REGISTERED NUMBER: 00699298 (England and Wales)





ACCOUNTANTS: Langham Walsh
c/o Langham Walsh
BVIC, Central Boulevard,
Blythe Valley Business Park
Solihull
West Midlands
B90 8AJ

Main Construction Limited (Registered number: 00699298)

Abridged Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 47,878 53,586
47,879 53,587

CURRENT ASSETS
Debtors 33,443 21,118
Cash at bank 6,639 8,170
40,082 29,288
CREDITORS
Amounts falling due within one year 10,952 8,339
NET CURRENT ASSETS 29,130 20,949
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,009

74,536

CREDITORS
Amounts falling due after more than one year (392 ) (6,642 )

PROVISIONS FOR LIABILITIES (9,097 ) (10,181 )
NET ASSETS 67,520 57,713

CAPITAL AND RESERVES
Called up share capital 349 349
Capital redemption reserve 1,151 1,151
Retained earnings 66,020 56,213
SHAREHOLDERS' FUNDS 67,520 57,713

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Construction Limited (Registered number: 00699298)

Abridged Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 February 2024 and were signed by:





FJ Main - Director


Main Construction Limited (Registered number: 00699298)

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

1. STATUTORY INFORMATION

Main Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the total of construction and plant hire charges during the financial year excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost and 10% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.

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 year was 3 (2022 - 3 ) .

Main Construction Limited (Registered number: 00699298)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 27,321
AMORTISATION
At 1 June 2022
and 31 May 2023 27,320
NET BOOK VALUE

At 31 May 2023 1
At 31 May 2022 1

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 83,295
Additions 1,899
At 31 May 2023 85,194
DEPRECIATION
At 1 June 2022 29,709
Charge for year 7,607
At 31 May 2023 37,316
NET BOOK VALUE
At 31 May 2023 47,878
At 31 May 2022 53,586

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
FJ Main
Balance outstanding at start of year 9,278 7,806
Amounts advanced 20,395 9,472
Amounts repaid (11,000 ) (8,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,673 9,278

There is no interest payable on the loan and there are no terms for repayment.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Main Construction Limited

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 Abridged 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 Construction Limited for the year ended 31 May 2023 which comprise the Abridged Income Statement, Abridged 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Main Construction Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Main Construction Limited and state those matters that we have agreed to state to the director of Main Construction Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Main Construction Limited and its director for our work or for this report.

It is your duty to ensure that Main Construction 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 profit of Main Construction Limited. You consider that Main Construction Limited 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 Construction Limited. 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.






Langham Walsh
c/o Langham Walsh
BVIC, Central Boulevard,
Blythe Valley Business Park
Solihull
West Midlands
B90 8AJ


16 February 2024