Mainline Construction Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03419054 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

MAINLINE CONSTRUCTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr F I Green

REGISTERED OFFICE:

4A Kingfisher Court

Brambleside

Bellbrook Business Park

Uckfield

East Sussex

TN22 1QQ

REGISTERED NUMBER:

03419054 (England and Wales)

ACCOUNTANTS:

Acuity Professional (Uckfield) LLP

4A Kingfisher Court

Brambleside

Bellbrook Business Park

Uckfield

East Sussex

TN22 1QQ

FIXED ASSETS

Tangible assets

2

475

633

Investment property

3

142,529

-

143,004

633

CURRENT ASSETS

Stocks

-

276,567

Debtors

7,994

21,915

Cash at bank

536,170

15,401

544,164

313,883

CREDITORS

Amounts falling due within one year

444,441

233,177

NET CURRENT ASSETS

99,723

80,706

TOTAL ASSETS LESS CURRENT LIABILITIES

242,727

81,339

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

242,725

81,337

SHAREHOLDERS' FUNDS

242,727

81,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 August 2017 and were signed by:

Mr F I Green - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents amounts receivable from property sale contracts exchanged during the period.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in market value is transferred to a revaluation reserve.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 September 2015

and 31 August 2016

2,000

Depreciation

At 1 September 2015

1,367

Charge for year

158

At 31 August 2016

1,525

Net book value

At 31 August 2016

475

At 31 August 2015

633

3.	INVESTMENT PROPERTY

Total

£

Cost

Additions

142,529

At 31 August 2016

142,529

Net book value

At 31 August 2016

142,529

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

2

Ordinary

£1

2

2