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REGISTERED NUMBER: 06481666 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Main Contract Services Limited

Main Contract Services Limited (Registered number: 06481666)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Main Contract Services Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr R H Main
Mr S M O'Hara





SECRETARY: Mr R H Main





REGISTERED OFFICE: Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ





REGISTERED NUMBER: 06481666 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Main Contract Services Limited (Registered number: 06481666)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 219 37,153

CURRENT ASSETS
Debtors 5 467,934 610,954
Cash at bank and in hand 123,826 13,246
591,760 624,200
CREDITORS
Amounts falling due within one year 6 313,843 448,798
NET CURRENT ASSETS 277,917 175,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,136

212,555

CREDITORS
Amounts falling due after more than one
year

7

(12,192

)

(47,123

)

PROVISIONS FOR LIABILITIES (55 ) (75 )
NET ASSETS 265,889 165,357

CAPITAL AND RESERVES
Called up share capital 120 120
Share premium 9,994 9,994
Retained earnings 255,775 155,243
SHAREHOLDERS' FUNDS 265,889 165,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Main Contract Services Limited (Registered number: 06481666)

Balance Sheet - continued
31 January 2024


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 31 October 2024 and were signed on its behalf by:




Mr R H Main - Director



Mr S M O'Hara - Director


Main Contract Services Limited (Registered number: 06481666)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Main Contract Services 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.

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 - 2% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on 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 (2023 - 3 ) .

Main Contract Services Limited (Registered number: 06481666)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£ £ £ £
COST
At 1 February 2023 51,041 1,388 2,243 54,672
Disposals (51,041 ) - - (51,041 )
At 31 January 2024 - 1,388 2,243 3,631
DEPRECIATION
At 1 February 2023 14,281 1,314 1,924 17,519
Charge for year 1,020 15 159 1,194
Eliminated on disposal (15,301 ) - - (15,301 )
At 31 January 2024 - 1,329 2,083 3,412
NET BOOK VALUE
At 31 January 2024 - 59 160 219
At 31 January 2023 36,760 74 319 37,153

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Trade debtors 277,611 500,824
Amounts owed by associates 71,646 14,146
Other debtors 118,677 95,984
467,934 610,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Bank loans and overdrafts (see note 8) 34,486 31,328
Trade creditors 216,008 385,277
Taxation and social security 48,097 17,921
Other creditors 15,252 14,272
313,843 448,798

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£ £
Bank loans (see note 8) 12,192 47,123

Main Contract Services Limited (Registered number: 06481666)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£ £
Amounts falling due within one year or on demand:
Bank loans 34,486 31,328

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,192 34,232

Amounts falling due between two and five years:
Bank loans - 2-5 years - 12,891

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£ £
Within one year 19,203 16,156
Between one and five years 15,284 19,896
34,487 36,052

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£ £
Bank loans 46,678 78,451

Main Contract Services Limited (Registered number: 06481666)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.2431.1.23
££
Director 1
Balance outstanding at start of year33,99835,359
Amounts advanced43,30150,016
Amounts repaid(41,834)(51,377)
Amounts written off--
Amounts waived--
Balance outstanding at end of year35,46533,998

Director 2
Balance outstanding at start of year3,183-
Amounts advanced1,3693,183
Amounts repaid(3,184)-
Amounts written off--
Amounts waived--
Balance outstanding at end of year1,3683,183


12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R H Main.