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REGISTERED NUMBER: 03597627 (England and Wales)














Financial Statements for the Year Ended 30 June 2024

for

Mainframe Limited

Mainframe Limited (Registered number: 03597627)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mainframe Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr J Fearnside
Mr C J Hardcastle
Mr A T Jenns
Mr L M Walker





REGISTERED OFFICE: Studio 10 The Piano Factory
117 Farringdon Road
London
EC1R 3BX





REGISTERED NUMBER: 03597627 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Mainframe Limited (Registered number: 03597627)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,797 9,934

CURRENT ASSETS
Debtors 6 157,294 131,120
Cash at bank 2,339 48,220
159,633 179,340
CREDITORS
Amounts falling due within one year 7 66,202 72,870
NET CURRENT ASSETS 93,431 106,470
TOTAL ASSETS LESS CURRENT LIABILITIES 104,228 116,404

CREDITORS
Amounts falling due after more than one year 8 10,000 20,000
NET ASSETS 94,228 96,404

CAPITAL AND RESERVES
Called up share capital 140 140
Retained earnings 94,088 96,264
SHAREHOLDERS' FUNDS 94,228 96,404

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.

Mainframe Limited (Registered number: 03597627)

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.

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 28 March 2025 and were signed on its behalf by:





Mr A T Jenns - Director


Mainframe Limited (Registered number: 03597627)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Mainframe 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

Mainframe Limited (Registered number: 03597627)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 34,792 51,798 26,240 431,623 544,453
Additions - - 258 4,787 5,045
At 30 June 2024 34,792 51,798 26,498 436,410 549,498
DEPRECIATION
At 1 July 2023 34,390 51,707 25,849 422,573 534,519
Charge for year 402 14 97 3,669 4,182
At 30 June 2024 34,792 51,721 25,946 426,242 538,701
NET BOOK VALUE
At 30 June 2024 - 77 552 10,168 10,797
At 30 June 2023 402 91 391 9,050 9,934

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 68,620 53,723
Amounts owed by associates 79,287 70,618
Prepayments 9,387 6,779
157,294 131,120

Mainframe Limited (Registered number: 03597627)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 13,522 10,000
Trade creditors - 3,710
Deferred tax 1,726 1,491
Social security and other taxes 15,080 15,997
Pension contributions unpaid 1,434 1,810
VAT 2,723 22,141
Credit card account 14,131 (641 )
Directors' current accounts 12,390 13,170
Accrued expenses 5,196 5,192
66,202 72,870

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bounce Back Loan 10,000 20,000