IRIS Accounts Production v23.3.0.418 07289715 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false false true false 49519 50467 36325 50052 50000 51000 35844 49519 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072897152022-08-31072897152023-08-31072897152022-09-012023-08-31072897152021-08-31072897152021-09-012022-08-31072897152022-08-3107289715ns10:Originalns15:EnglandWales2022-09-012023-08-3107289715ns14:PoundSterlingns10:Original2022-09-012023-08-3107289715ns10:Originalns10:Director12022-09-012023-08-3107289715ns10:Original2022-09-012023-08-3107289715ns10:Original2023-08-3107289715ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-3107289715ns10:Originalns10:SmallEntities2022-09-012023-08-3107289715ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3107289715ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3107289715ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-3107289715ns10:Originalns10:FullAccounts2022-09-012023-08-3107289715ns10:Original12022-09-012023-08-3107289715ns10:Original42ns10:Director22022-08-3107289715ns10:Original42ns10:Director22021-08-3107289715ns10:Original42ns10:Director22022-09-012023-08-3107289715ns10:Original42ns10:Director22021-09-012022-08-3107289715ns10:Original42ns10:Director22023-08-3107289715ns10:Original42ns10:Director22022-08-3107289715ns10:Originalns10:Director22022-09-012023-08-3107289715ns10:Originalns10:RegisteredOffice2022-09-012023-08-3107289715ns10:Original2022-08-3107289715ns10:Originalns5:CurrentFinancialInstruments2023-08-3107289715ns10:Originalns5:CurrentFinancialInstruments2022-08-3107289715ns10:Originalns5:Non-currentFinancialInstruments2023-08-3107289715ns10:Originalns5:Non-currentFinancialInstruments2022-08-3107289715ns5:ShareCapitalns10:Original2023-08-3107289715ns5:ShareCapitalns10:Original2022-08-3107289715ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3107289715ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3107289715ns10:Originalns5:NetGoodwill2022-09-012023-08-3107289715ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-09-012023-08-3107289715ns10:Originalns5:PlantMachinery2022-09-012023-08-3107289715ns10:Original2021-09-012022-08-3107289715ns10:Originalns5:NetGoodwill2022-08-3107289715ns10:Originalns5:NetGoodwill2023-08-3107289715ns10:Originalns5:NetGoodwill2022-08-3107289715ns10:Originalns5:PlantMachinery2022-08-3107289715ns10:Originalns5:PlantMachinery2023-08-3107289715ns10:Originalns5:PlantMachinery2022-08-3107289715ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3107289715ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3107289715ns10:Original1ns10:Director12022-08-3107289715ns10:Original1ns10:Director12021-08-3107289715ns10:Original1ns10:Director12022-09-012023-08-3107289715ns10:Original1ns10:Director12021-09-012022-08-3107289715ns10:Original1ns10:Director12023-08-3107289715ns10:Original1ns10:Director12022-08-31
REGISTERED NUMBER: 07289715 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

BRANCH ENTERPRISES LTD

BRANCH ENTERPRISES LTD (REGISTERED NUMBER: 07289715)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRANCH ENTERPRISES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: P Branch
G Branch





REGISTERED OFFICE: Glebe Cottage
Tilford Road
Rushmoor
Farnham
Surrey
GU10 2EN





REGISTERED NUMBER: 07289715 (England and Wales)





ACCOUNTANTS: Tiakyfee Consultants Ltd
5 Dukes Close
Alton
Hampshire
GU34 1PH

BRANCH ENTERPRISES LTD (REGISTERED NUMBER: 07289715)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,472 4,372
3,472 4,372

CURRENT ASSETS
Debtors 6 36,317 56,157
Cash at bank 84,816 71,593
121,133 127,750
CREDITORS
Amounts falling due within one year 7 20,714 16,803
NET CURRENT ASSETS 100,419 110,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,891

115,319

CREDITORS
Amounts falling due after more than one year 8 (9,583 ) (14,583 )

PROVISIONS FOR LIABILITIES (868 ) (831 )
NET ASSETS 93,440 99,905

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 93,438 99,903
93,440 99,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

BRANCH ENTERPRISES LTD (REGISTERED NUMBER: 07289715)

BALANCE SHEET - continued
31 AUGUST 2023


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 9 November 2023 and were signed on its behalf by:





P Branch - Director


BRANCH ENTERPRISES LTD (REGISTERED NUMBER: 07289715)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Branch Enterprises 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 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 2012, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, will be measured, initially and subsequently, at the undiscounted amount, unless the transaction is beyond the normal business terms or financed at a rate of interest that is not a market rate.

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.

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 1 (2022 - 1 ) .

BRANCH ENTERPRISES LTD (REGISTERED NUMBER: 07289715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 30,000
AMORTISATION
At 1 September 2022
and 31 August 2023 30,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 18,571
DEPRECIATION
At 1 September 2022 14,199
Charge for year 900
At 31 August 2023 15,099
NET BOOK VALUE
At 31 August 2023 3,472
At 31 August 2022 4,372

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed by group undertakings - 5,997
Other debtors 36,317 50,160
36,317 56,157

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 5,000 5,000
Amounts owed to group undertakings 1,702 -
Taxation and social security 11,438 8,160
Other creditors 2,574 3,643
20,714 16,803

BRANCH ENTERPRISES LTD (REGISTERED NUMBER: 07289715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 9,583 14,583

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
P Branch and G Branch
Balance outstanding at start of year 49,519 50,467
Amounts advanced 36,325 50,052
Amounts repaid (50,000 ) (51,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,844 49,519

Included within interest received is £619 (2022: - £706) which relates to interest declared on the directors overdrawn loan account at the official HMRC rates.

The directors loan account was repaid within nine months of the year end.

10. RELATED PARTY DISCLOSURES

Showshack Academies Ltd is a partner of Showshack Partnership. During the year Showshack Academies Ltd received £2,585
(2022: - £29,418) in rental income, £10,000 (2022:- £10,000) licence fees and £67,557 (2022: - £43,467) profit share payments.

Included within amounts owed by/(to) group undertakings is -£1,702 (2022: £5,997).

11. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by Pauline and Gary Branch, directors and shareholders.