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Unaudited Financial Statements for the Year Ended 31 March 2024

for

Software Maintenance Limited

Software Maintenance Limited (Registered number: SC103726)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Software Maintenance Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Nicol
K Nicol



SECRETARY: R Nicol



REGISTERED OFFICE: 16 Coney Park
Stirling
FK7 9LU



REGISTERED NUMBER: SC103726 (Scotland)



ACCOUNTANTS: LMC Accountants Ltd
Chartered Accountants
73 Stirling Business Centre
Wellgreen Place
Stirling
FK8 2DZ



BANKERS: HSBC
80-84 High Street
Perth
PH1 5TH

Software Maintenance Limited (Registered number: SC103726)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,181 2,615
Investments 5 84,061 84,404
86,242 87,019

CURRENT ASSETS
Debtors 6 5,215 6,127
Investments 7 369 1,129
Cash at bank and in hand 56,112 52,257
61,696 59,513
CREDITORS
Amounts falling due within one year 8 3,867 4,625
NET CURRENT ASSETS 57,829 54,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,071

141,907

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 143,971 141,807
SHAREHOLDERS' FUNDS 144,071 141,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Software Maintenance Limited (Registered number: SC103726)

Balance Sheet - continued
31 March 2024


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 3 October 2024 and were signed on its behalf by:





R Nicol - Director


Software Maintenance Limited (Registered number: SC103726)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Software Maintenance 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.
Plant and machinery etc - 25% on cost

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 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 71,047
Additions 1,777
At 31 March 2024 72,824
DEPRECIATION
At 1 April 2023 68,432
Charge for year 2,211
At 31 March 2024 70,643
NET BOOK VALUE
At 31 March 2024 2,181
At 31 March 2023 2,615

Software Maintenance Limited (Registered number: SC103726)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 84,404
Disposals (343 )
At 31 March 2024 84,061
NET BOOK VALUE
At 31 March 2024 84,061
At 31 March 2023 84,404

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,089 6,127
Other debtors 126 -
5,215 6,127

7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Unlisted investments 369 1,129

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1 -
Taxation and social security 294 1,092
Other creditors 3,572 3,533
3,867 4,625

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

Software Maintenance Limited (Registered number: SC103726)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. RESERVES
Retained
earnings
£   

At 1 April 2023 141,807
Profit for the year 2,164
At 31 March 2024 143,971

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
R Nicol
Balance outstanding at start of year (1,972 ) (7,357 )
Amounts advanced - 5,385
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,972 ) (1,972 )

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Nicol.