Registered Number 04306139
MAINMAST LIMITED
Abbreviated Accounts
31 August 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery - 10% straight line
Fixtures, fittings and equipment - 20% straight line
Motor vehicles - 20% straight line
Other accounting policies
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the
obligation to prepare group accounts.
£ | |
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Cost | |
At 1 September 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 August 2015 |
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Depreciation | |
At 1 September 2014 |
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Charge for the year |
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On disposals |
( |
At 31 August 2015 |
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Net book values | |
At 31 August 2015 | 451,406 |
At 31 August 2014 | 295,642 |
3
Fixed assets Investments
The company holds 20% or more of the share capital of the following companies:
Subsidary undertaking: Huskinsson Welding and Engineering Ltd
Country of registration or incorporation - UK
Nature of business - Engineering
Shares held Class - Ordinary Shares
% - 75
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Huskisson Welding and Engineering Ltd
Capital and reserves £97,010
Profit for the year £42,385