IRIS Accounts Production v24.1.0.578 03419054 director 31.8.21 30.8.22 30.8.22 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034190542021-08-30034190542022-08-30034190542021-08-312022-08-30034190542020-08-30034190542020-08-312021-08-30034190542021-08-3003419054ns15:EnglandWales2021-08-312022-08-3003419054ns14:PoundSterling2021-08-312022-08-3003419054ns10:Director12021-08-312022-08-3003419054ns10:PrivateLimitedCompanyLtd2021-08-312022-08-3003419054ns10:SmallEntities2021-08-312022-08-3003419054ns10:AuditExempt-NoAccountantsReport2021-08-312022-08-3003419054ns10:SmallCompaniesRegimeForDirectorsReport2021-08-312022-08-3003419054ns10:SmallCompaniesRegimeForAccounts2021-08-312022-08-3003419054ns10:FullAccounts2021-08-312022-08-3003419054ns10:OrdinaryShareClass12021-08-312022-08-3003419054ns10:RegisteredOffice2021-08-312022-08-3003419054ns5:CurrentFinancialInstruments2022-08-3003419054ns5:CurrentFinancialInstruments2021-08-3003419054ns5:ShareCapital2022-08-3003419054ns5:ShareCapital2021-08-3003419054ns5:RevaluationReserve2022-08-3003419054ns5:RevaluationReserve2021-08-3003419054ns5:RetainedEarningsAccumulatedLosses2022-08-3003419054ns5:RetainedEarningsAccumulatedLosses2021-08-3003419054ns5:MotorVehicles2021-08-312022-08-3003419054ns5:MotorVehicles2021-08-3003419054ns5:MotorVehicles2022-08-3003419054ns5:MotorVehicles2021-08-3003419054ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3003419054ns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-08-3003419054ns5:DeferredTaxation2021-08-3003419054ns5:DeferredTaxation2021-08-312022-08-3003419054ns5:DeferredTaxation2022-08-3003419054ns10:OrdinaryShareClass12022-08-3003419054ns5:RevaluationReserve2021-08-30
REGISTERED NUMBER: 03419054 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 AUGUST 2022

FOR

MAINLINE CONSTRUCTION LIMITED

MAINLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03419054)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MAINLINE CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 AUGUST 2022







DIRECTOR: Mr F I Green





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 03419054 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

MAINLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03419054)

STATEMENT OF FINANCIAL POSITION
30 AUGUST 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,168
Investment property 5 345,000 345,000
345,000 346,168

CURRENT ASSETS
Stocks 446,142 392,396
Debtors 6 - 144
Cash at bank 19,710 20,828
465,852 413,368
CREDITORS
Amounts falling due within one year 7 428,415 370,212
NET CURRENT ASSETS 37,437 43,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,437

389,324

PROVISIONS FOR LIABILITIES 8 37,605 37,167
NET ASSETS 344,832 352,157

CAPITAL AND RESERVES
Called up share capital 9 2 2
Special reserve 10 164,002 164,002
Retained earnings 180,828 188,153
SHAREHOLDERS' FUNDS 344,832 352,157

MAINLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03419054)

STATEMENT OF FINANCIAL POSITION - continued
30 AUGUST 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2022 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 April 2024 and were signed by:





Mr F I Green - Director


MAINLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03419054)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2022


1. STATUTORY INFORMATION

Mainline 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.

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 as modified by the revaluation of certain assets.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

MAINLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03419054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2022


4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
Cost
At 31 August 2021 7,000
Disposals (7,000 )
At 30 August 2022 -
Depreciation
At 31 August 2021 5,832
Eliminated on disposal (5,832 )
At 30 August 2022 -
Net book value
At 30 August 2022 -
At 30 August 2021 1,168

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 31 August 2021
and 30 August 2022 345,000
Net book value
At 30 August 2022 345,000
At 30 August 2021 345,000

Fair value at 30 August 2022 is represented by:
£   
Valuation in 2020 345,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors - 144

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors - 2,605
Taxation and social security 6,928 4,372
Other creditors 421,487 363,235
428,415 370,212

MAINLINE CONSTRUCTION LIMITED (REGISTERED NUMBER: 03419054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 AUGUST 2022


8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 37,605 37,167

Deferred
tax
£   
Balance at 31 August 2021 37,167
Provided during year 438
Balance at 30 August 2022 37,605

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Special
reserve
£   
At 31 August 2021
and 30 August 2022 164,002