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REGISTERED NUMBER: SC742738 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 AUGUST 2022 TO 31 AUGUST 2023

FOR

THE MAINTENANCE BRANCH LIMITED

THE MAINTENANCE BRANCH LIMITED (REGISTERED NUMBER: SC742738)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 30 August 2022 to 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE MAINTENANCE BRANCH LIMITED

COMPANY INFORMATION
For The Period 30 August 2022 to 31 August 2023







DIRECTOR: M Ross





REGISTERED OFFICE: R A Clement Associates
5 Argyll Square
OBAN
PA34 4AZ





REGISTERED NUMBER: SC742738 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

THE MAINTENANCE BRANCH LIMITED (REGISTERED NUMBER: SC742738)

BALANCE SHEET
31 August 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 16,471

CURRENT ASSETS
Stocks 1,200
Debtors 5 11,337
Cash at bank 7,623
20,160
CREDITORS
Amounts falling due within one year 6 19,921
NET CURRENT ASSETS 239
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,710

CREDITORS
Amounts falling due after more than one
year

7

(12,995

)

PROVISIONS FOR LIABILITIES (3,130 )
NET ASSETS 585

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings 485
SHAREHOLDERS' FUNDS 585

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 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 MAINTENANCE BRANCH LIMITED (REGISTERED NUMBER: SC742738)

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 director and authorised for issue on 5 February 2024 and were signed by:





M Ross - Director


THE MAINTENANCE BRANCH LIMITED (REGISTERED NUMBER: SC742738)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 30 August 2022 to 31 August 2023

1. STATUTORY INFORMATION

The Maintenance Branch Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% 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 period 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 period 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.

THE MAINTENANCE BRANCH LIMITED (REGISTERED NUMBER: SC742738)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 30 August 2022 to 31 August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 4,373 17,298 21,671
At 31 August 2023 4,373 17,298 21,671
DEPRECIATION
Charge for period 875 4,325 5,200
At 31 August 2023 875 4,325 5,200
NET BOOK VALUE
At 31 August 2023 3,498 12,973 16,471

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 17,298
At 31 August 2023 17,298
DEPRECIATION
Charge for period 4,325
At 31 August 2023 4,325
NET BOOK VALUE
At 31 August 2023 12,973

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 11,337

THE MAINTENANCE BRANCH LIMITED (REGISTERED NUMBER: SC742738)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 30 August 2022 to 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 4,215
Taxation and social security 8,989
Other creditors 6,717
19,921

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 12,995

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.