REGISTERED NUMBER: 03245612 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

Mainline Mouldings Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C F Daynes

Mrs T Wyatt

Mrs M A Daynes

SECRETARY:

Mrs T Wyatt

REGISTERED OFFICE:

Unit 1 Building 83

Langar (South) Industrial Estate

Harby Road Langar

Nottinghamshire

NG13 9HY

REGISTERED NUMBER:

03245612 (England and Wales)

ACCOUNTANTS:

TC Group

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

FIXED ASSETS

Intangible assets

4

1,100,547

1,252,398

Tangible assets

5

671,316

764,149

1,771,863

2,016,547

CURRENT ASSETS

Stocks

1,764,216

2,061,012

Debtors

6

871,831

937,991

Cash at bank

469,056

285,204

3,105,103

3,284,207

CREDITORS

Amounts falling due within one year

7

1,703,598

1,595,656

NET CURRENT ASSETS

1,401,505

1,688,551

TOTAL ASSETS LESS CURRENT LIABILITIES

3,173,368

3,705,098

CREDITORS

Amounts falling due after more than one year

8

(846,513

)

(1,363,723

)

PROVISIONS FOR LIABILITIES

(152,477

)

(173,816

)

NET ASSETS

2,174,378

2,167,559

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

2,171,378

2,164,559

2,174,378

2,167,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2026 and were signed on its behalf by:

Mr C F Daynes - Director

1.	STATUTORY INFORMATION

Mainline Mouldings Ltd. 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 recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets - website

Amortisation is provided at the following annual rate in order to write off each asset over its estimated useful life.

Other intangible assets - 5 year useful life on a straight line basis

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on cost and 10% on cost and 33.33% on cost

The gain or loss arising on disposal of an asset is determined as the difference between the sale proceeds and the carrying value of an asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Leases

Rentals payable under operating leases, including any lease incentive received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

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

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied as a liability.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2024 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 October 2024

and 30 September 2025

1,180,511

169,000

1,349,511

AMORTISATION

At 1 October 2024

29,513

67,600

97,113

Charge for year

118,051

33,800

151,851

At 30 September 2025

147,564

101,400

248,964

NET BOOK VALUE

At 30 September 2025

1,032,947

67,600

1,100,547

At 30 September 2024

1,150,998

101,400

1,252,398

In 2024 the company wholly acquired the assets of K.C.Glass Ltd, a company incorporated and registered in England and Wales.

The goodwill generated as a result of the acquisition is £1,180,511.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2024

1,471,394

Additions

132,440

Disposals

(12,460

)

At 30 September 2025

1,591,374

DEPRECIATION

At 1 October 2024

707,245

Charge for year

223,473

Eliminated on disposal

(10,660

)

At 30 September 2025

920,058

NET BOOK VALUE

At 30 September 2025

671,316

At 30 September 2024

764,149

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

Plant and

machinery

etc

£

COST

Additions

65,990

At 30 September 2025

65,990

DEPRECIATION

Charge for year

16,498

At 30 September 2025

16,498

NET BOOK VALUE

At 30 September 2025

49,492

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

753,656

824,669

Other debtors

118,175

113,322

871,831

937,991

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts (see note 9)

30,440

-

Trade creditors

278,779

577,280

Amounts owed to group undertakings

912,109

637,207

Taxation and social security

338,670

210,176

Other creditors

143,600

170,993

1,703,598

1,595,656

Other creditors include government grants of £64,000 (2024: £65,600) which are recognised through income over the useful life of the asset to which the grant relates.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Hire purchase contracts (see note 9)

2,621

-

Amounts owed to group undertakings

843,892

1,363,723

846,513

1,363,723

Included within the balance is £518,551 (2024 - £954,895) due after more than five years from the balance sheet date.

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.9.25

30.9.24

£

£

Net obligations repayable:

Within one year

30,440

-

Between one and five years

2,621

-

33,061

-

Non-cancellable

operating leases

30.9.25

30.9.24

£

£

Within one year

194,500

194,500

Between one and five years

47,250

63,000

241,750

257,500

10.	RELATED PARTY DISCLOSURES

Francis May Limited

At the year end the company owed £1,756,001 to Francis May Limited (2024: £2,000,930 owed to Francis May Limited). Francis May Limited wholly owns the issued share capital of the company at the year end.