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REGISTERED NUMBER: 06151719 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MAINCOR LIMITED

MAINCOR LIMITED (REGISTERED NUMBER: 06151719)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MAINCOR LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: K Liscombe
K S Barker





SECRETARY: M Grace





REGISTERED OFFICE: Wienerberger House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3SA





REGISTERED NUMBER: 06151719 (England and Wales)





ACCOUNTANTS: HB&O Ltd
Chartered Accountants
Seven Stars House
1 Wheler Road
Coventry
CV3 4LB

MAINCOR LIMITED (REGISTERED NUMBER: 06151719)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,917 72,766

CURRENT ASSETS
Stocks 1,098,645 1,401,281
Debtors 1,267,871 1,593,614
Cash at bank and in hand 2,624,946 2,119,476
4,991,462 5,114,371
CREDITORS
Amounts falling due within one year 2,298,223 2,796,898
NET CURRENT ASSETS 2,693,239 2,317,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,771,156

2,390,239

PROVISIONS FOR LIABILITIES 5 6,502 3,333
NET ASSETS 2,764,654 2,386,906

CAPITAL AND RESERVES
Called up share capital 6 94 94
Capital redemption reserve 7 6 6
Retained earnings 7 2,764,554 2,386,806
SHAREHOLDERS' FUNDS 2,764,654 2,386,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

MAINCOR LIMITED (REGISTERED NUMBER: 06151719)

ABRIDGED BALANCE SHEET - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 January 2025 and were signed on its behalf by:





K Liscombe - Director


MAINCOR LIMITED (REGISTERED NUMBER: 06151719)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Maincor 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Going concern
On 1 July 2024, as part of a restructuring exercise, the entire trade and assets of the Company were hived up into a related group company, FloPlast Ltd. The Company became dormant from that date. The financial statements have been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT. Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred to be incurred in respect of the transaction can be measured reliably. This is usually on despatch of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold improvements - Over 10 years
Plant and machinery - Straight line over 5 years
Fixtures & fittings - at varying rates on cost
Motor vehicles - 25% on cost

Items are capitalised where their value exceeds £1,000.

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing stock to its present location and condition.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

The company uses short term forward currency contracts to reduce exposure to foreign exchange rates.

MAINCOR LIMITED (REGISTERED NUMBER: 06151719)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 31 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 293,985
Additions 38,291
At 30 June 2024 332,276
DEPRECIATION
At 1 July 2023 221,219
Charge for year 33,140
At 30 June 2024 254,359
NET BOOK VALUE
At 30 June 2024 77,917
At 30 June 2023 72,766

MAINCOR LIMITED (REGISTERED NUMBER: 06151719)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 July 2023 62,499
Transfer to ownership (62,499 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 18,736
Charge for year 13,816
Transfer to ownership (32,552 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 43,763

5. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 6,502 3,333

Deferred
tax
£   
Balance at 1 July 2023 3,333
Provided during year 3,169
Balance at 30 June 2024 6,502

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
41 A Ordinary £1 41 41
21 B Ordinary £1 21 21
20 D Ordinary £1 20 20
6 E Ordinary £1 6 6
6 F Ordinary £1 6 6
94 94

On the 4 January 2024 the entire issued share capital was purchased by Wienerberger Limited.

MAINCOR LIMITED (REGISTERED NUMBER: 06151719)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

7. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 July 2023 2,386,806 6 2,386,812
Profit for the year 551,787 551,787
Dividends (174,039 ) (174,039 )
At 30 June 2024 2,764,554 6 2,764,560

8. PENSION COMMITMENTS

The pension charge of £47,795 (2023: £38,770) represents contributions to the defined contribution scheme. At the year end, contributions of £nil (2023: £3,000) were outstanding.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year R E Hickmott received £56,720 (2023: £20,000) in respect of dividends.

During the year K Liscombe received £109,184 (2023: £117,996) in respect of dividends.

10. POST BALANCE SHEET EVENTS

On 1 July 2024, as part of a restructuring exercise, the entire trade and assets of the Company were hived up into a related group company, FloPlast Ltd. The Company became dormant from that date.

11. ULTIMATE PARENT COMPANY AND PARENT COMPANY OF LARGER GROUP

The Company is a subsidiary undertaking of Wienerberger Ltd, the immediate parent, and Wienerberger AG which is the ultimate parent company incorporated in Austria; but as Wienerberger AG is a listed company, with no controlling shareholders, there is no controlling party.

The largest and smallest group in which the results of the Company are consolidated is that headed by Wienerberger AG. The consolidated financial statements of the group are available to the public and may be obtained from its registered address:

Wienerberger AG
Wienerbergerplatz 1
1100 Wien, Wienerberg City
Austria