MAINDRAIN LINCS LTD

Company Registration Number:
05876410 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

MAINDRAIN LINCS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

MAINDRAIN LINCS LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,826,020 1,526,807
Total fixed assets: 1,826,020 1,526,807
Current assets
Stocks: 175,850 175,850
Debtors: 4 821,012 845,475
Cash at bank and in hand: 9,063 0
Investments:   0 0
Total current assets: 1,005,925 1,021,325
Creditors: amounts falling due within one year: 5 (263,008) (238,092)
Net current assets (liabilities): 742,917 783,233
Total assets less current liabilities: 2,568,937 2,310,040
Creditors: amounts falling due after more than one year: 6 (1,928,481) (1,978,057)
Total net assets (liabilities): 640,456 331,983
Capital and reserves
Called up share capital: 104 104
Profit and loss account: 640,352 331,879
Shareholders funds: 640,456 331,983

The notes form part of these financial statements

MAINDRAIN LINCS LTD

Balance sheet statements

For the year ending 31 December 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 24 November 2024
and signed on behalf of the board by:

Name: Spencer Horsfield
Status: Director

The notes form part of these financial statements

MAINDRAIN LINCS LTD

Notes to the Financial Statements

for the Period Ended 31 December 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

MAINDRAIN LINCS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 25 24

MAINDRAIN LINCS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 2,134,053
Additions 365,513
At 31 December 2023 2,499,566
Depreciation
At 01 January 2023 607,246
Charge for year 66,300
At 31 December 2023 673,546
Net book value
At 31 December 2023 1,826,020
At 31 December 2022 1,526,807

MAINDRAIN LINCS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 821,012 845,475

MAINDRAIN LINCS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Trade creditors £87,615 HP Agreements due less than one year £168,178 VAT liability £7,215 Total £263,008

MAINDRAIN LINCS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

Bank loans £280,176 HP agreements due greater than one year £920,792 Directors loan account £690,204 Business interruption loan £37,309 Total £1,928,481