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Company Registration No. 10812846 (England and Wales)
Maintenance Point Limited Unaudited accounts for the year ended 31 October 2023
Maintenance Point Limited Unaudited accounts Contents
Page
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Maintenance Point Limited Company Information for the year ended 31 October 2023
Director
Timothy Whittle
Company Number
10812846 (England and Wales)
Registered Office
3a Sycamore Avenue Golborne Warrington WA3 3SF United Kingdom
Accountants
Pearl Accounting Limited Suite 1 116 Ballards Lane Finchley London N3 2DN
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Maintenance Point Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,787 
15,918 
Current assets
Inventories
1,000 
1,000 
Debtors
162,586 
8,998 
Cash at bank and in hand
3,979 
3,325 
167,565 
13,323 
Creditors: amounts falling due within one year
(170,196)
(27,493)
Net current liabilities
(2,631)
(14,170)
Net assets
38,156 
1,748 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
38,056 
1,648 
Shareholders' funds
38,156 
1,748 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Timothy Whittle Director Company Registration No. 10812846
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Maintenance Point Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Maintenance Point Limited is a private company, limited by shares, registered in England and Wales, registration number 10812846. The registered office is 3a Sycamore Avenue, Golborne, Warrington, WA3 3SF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% written down value
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Maintenance Point Limited Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2022
21,200 
Additions
33,541 
At 31 October 2023
54,741 
Depreciation
At 1 November 2022
5,282 
Charge for the year
8,672 
At 31 October 2023
13,954 
Net book value
At 31 October 2023
40,787 
At 31 October 2022
15,918 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
26,679 
- 
Trade debtors
54,262 
7,209 
Accrued income and prepayments
75,000 
- 
Other debtors
6,645 
1,789 
162,586 
8,998 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
34,174 
18,652 
Obligations under finance leases and hire purchase contracts
32,155 
- 
Amounts owed to group undertakings and other participating interests
40,702 
6,300 
Taxes and social security
6,050 
1,326 
Loans from directors
53,958 
- 
Accruals
3,157 
1,215 
170,196 
27,493 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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