REGISTERED NUMBER: 08464823 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

MAINSPHERE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms A Young

REGISTERED OFFICE:

Bridgemount House

510 Bickershaw Lane

Wigan

Lancashire

WN2 5TU

REGISTERED NUMBER:

08464823 (England and Wales)

ACCOUNTANTS:

Hunter Healey Limited

Abacus House

450 Warrington Road

Culcheth

Warrington

Cheshire

WA3 5QX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

209,933

211,996

209,933

211,996

CURRENT ASSETS

Stocks

135,358

124,976

Debtors

6

245,484

209,627

Cash at bank

21,114

57,717

401,956

392,320

CREDITORS

Amounts falling due within one year

7

171,079

153,919

NET CURRENT ASSETS

230,877

238,401

TOTAL ASSETS LESS CURRENT LIABILITIES

440,810

450,397

CREDITORS

Amounts falling due after more than one year

8

(10,110

)

(24,178

)

PROVISIONS FOR LIABILITIES

(4,535

)

(6,743

)

NET ASSETS

426,165

419,476

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

426,164

419,475

426,165

419,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 20th November 2025 and were signed by:

Ms A Young - Director

1.	STATUTORY INFORMATION

Mainsphere 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

40,000

AMORTISATION

At 1st April 2024

and 31st March 2025

40,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st April 2024

174,852

7,103

19,877

72,256

274,088

Additions

-

-

-

16,599

16,599

Disposals

-

-

-

(33,098

)

(33,098

)

At 31st March 2025

174,852

7,103

19,877

55,757

257,589

DEPRECIATION

At 1st April 2024

-

3,108

14,878

44,106

62,092

Charge for year

-

1,000

1,249

9,444

11,693

Eliminated on disposal

-

(4

)

-

(26,125

)

(26,129

)

At 31st March 2025

-

4,104

16,127

27,425

47,656

NET BOOK VALUE

At 31st March 2025

174,852

2,999

3,750

28,332

209,933

At 31st March 2024

174,852

3,995

4,999

28,150

211,996

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

217,607

174,904

Other debtors

27,877

34,723

245,484

209,627

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

17,599

20,606

Hire purchase contracts

3,443

-

Trade creditors

113,442

106,322

Taxation and social security

29,109

12,670

Other creditors

7,486

14,321

171,079

153,919

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

6,083

24,178

Hire purchase contracts

4,027

-

10,110

24,178