Maindraft Limited 04190177 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of building, construction and development. Digita Accounts Production Advanced 6.30.9574.0 true true 04190177 2023-05-01 2024-04-30 04190177 2024-04-30 04190177 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 04190177 bus:SmallEntities 2023-05-01 2024-04-30 04190177 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04190177 bus:FilletedAccounts 2023-05-01 2024-04-30 04190177 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04190177 bus:RegisteredOffice 2023-05-01 2024-04-30 04190177 bus:CompanySecretaryDirector1 2023-05-01 2024-04-30 04190177 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04190177 countries:EnglandWales 2023-05-01 2024-04-30 04190177 2022-05-01 2023-04-30 04190177 2023-04-30 04190177 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 04190177

Maindraft Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Maindraft Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 3

 

Maindraft Limited

(Registration number: 04190177)
Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

318

318

Creditors: Amounts falling due within one year

4

(61,295)

(60,695)

Net liabilities

 

(60,977)

(60,377)

Capital and reserves

 

Called up share capital

3,000

3,000

Profit and loss account

(63,977)

(63,377)

Shareholders' deficit

 

(60,977)

(60,377)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 31 January 2025
 


Mrs S Darby
Company secretary and director

 

Maindraft Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Weekstone Farm
Pancrasweek
Holsworthy
Devon
EX22 7JB

Principal activity

The principal activity of the company is that of building, construction and development.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Maindraft Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

600

Accruals and deferred income

600

600

Other creditors

60,695

59,495

61,295

60,695

5

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.