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REGISTERED NUMBER: 02234393















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Mainland Marketing Limited

Mainland Marketing Limited (Registered number: 02234393)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mainland Marketing Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A J May
K J Hale





SECRETARY: A J May





REGISTERED OFFICE: St Mary's
ISLES OF SCILLY
Cornwall
TR21 0NG





REGISTERED NUMBER: 02234393





ACCOUNTANTS: Colin Truscott Accountancy Limited
9 Heron Close
Tresillian
Cornwall
TR2 4BH

Mainland Marketing Limited (Registered number: 02234393)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,678 91,308

CURRENT ASSETS
Stocks 16,000 7,400
Debtors 5 33,740 31,783
Cash at bank and in hand 626,152 692,573
675,892 731,756
CREDITORS
Amounts falling due within one year 6 71,962 112,954
NET CURRENT ASSETS 603,930 618,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

689,608

710,110

CREDITORS
Amounts falling due after more than
one year

7

(30,280

)

(31,220

)

PROVISIONS FOR LIABILITIES (23 ) (568 )
NET ASSETS 659,305 678,322

CAPITAL AND RESERVES
Called up share capital 63,053 63,053
Share premium 8 6,600 6,600
Capital redemption reserve 8 3,615 3,615
Retained earnings 8 586,037 605,054
659,305 678,322

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

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

Mainland Marketing Limited (Registered number: 02234393)

Balance Sheet - continued
31 August 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 7 February 2025 and were signed on its behalf by:





K J Hale - Director


Mainland Marketing Limited (Registered number: 02234393)

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

1. STATUTORY INFORMATION

Mainland Marketing Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates Value Added Tax and other sales taxes.

Revenue from a contract to provide services is recognised in the period which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable they the company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

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 - 4% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.


Mainland Marketing Limited (Registered number: 02234393)

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

2. ACCOUNTING POLICIES - continued
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.

Government grants
Government grants on capital expenditure are credited to a deferral account and are released to revenue over the expected useful life of the relevant asset by equal annual instalments. Grants of a revenue nature are credited to income in the period to which they relate.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

Mainland Marketing Limited (Registered number: 02234393)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023
and 31 August 2024 176,238 160,685 18,605
DEPRECIATION
At 1 September 2023 87,201 160,411 18,605
Charge for year 3,452 274 -
At 31 August 2024 90,653 160,685 18,605
NET BOOK VALUE
At 31 August 2024 85,585 - -
At 31 August 2023 89,037 274 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 9,194 69,475 434,197
DEPRECIATION
At 1 September 2023 7,324 69,348 342,889
Charge for year 1,840 64 5,630
At 31 August 2024 9,164 69,412 348,519
NET BOOK VALUE
At 31 August 2024 30 63 85,678
At 31 August 2023 1,870 127 91,308

Included in cost of land and buildings is freehold land of £ 3,464 (2023 - £ 3,464 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,179 14,075
Other debtors 26,386 13,673
VAT 6,175 4,035
33,740 31,783

Mainland Marketing Limited (Registered number: 02234393)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,946 13,019
Corporation tax 7,863 14,289
Other creditors 52,213 84,706
Deferred credit - grants 940 940
71,962 112,954

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Deferred credit - grants 30,280 31,220

8. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 September 2023 605,054 6,600 3,615 615,269
Profit for the year 29,174 29,174
Dividends (48,191 ) (48,191 )
At 31 August 2024 586,037 6,600 3,615 596,252

9. RELATED PARTY DISCLOSURES

During the year the directors sold flowers to the company on an arm's length basis, as follows:


A J May £ 251,224

K J Hale £ 428,090

and were charged handling costs, etc. of:


A J May £ 66,541

K J Hale £108,521


At 31 August 2024 A J May owed £nil (2023: £nil) and was owed £nil (2023: £nil), and K J Hale owed £nil (2023: £nil) and was owed £10,540 (2023: 10,528). The balances are included within debtors and creditors respectively.