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REGISTERED NUMBER: 11153874 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Office Serv Limited

Office Serv Limited (Registered number: 11153874)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Office Serv Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S Raffe





REGISTERED OFFICE: 82A James Carter Road
Mildenhall
Suffolk
IP28 7DE





REGISTERED NUMBER: 11153874 (England and Wales)

Office Serv Limited (Registered number: 11153874)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1,893 2,500
Tangible assets 6 22,770 22,256
24,663 24,756

CURRENT ASSETS
Debtors 7 1,540 1,021
Cash at bank and in hand 32,421 6,157
33,961 7,178
CREDITORS
Amounts falling due within one year 8 85,645 62,203
NET CURRENT LIABILITIES (51,684 ) (55,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,021

)

(30,269

)

CREDITORS
Amounts falling due after more than one
year

9

6,659

9,500
NET LIABILITIES (33,680 ) (39,769 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (33,681 ) (39,770 )
(33,680 ) (39,769 )

Office Serv Limited (Registered number: 11153874)

Balance Sheet - continued
31 March 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 10 October 2023 and were signed by:





S Raffe - Director


Office Serv Limited (Registered number: 11153874)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Office Serv Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.


Office Serv Limited (Registered number: 11153874)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. ACCOUNTING POLICIES - continued
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.

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

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.

Going concern
At the year end, the company had, as disclosed on it's Balance Sheet, net liabilities. The financial statements are prepared on a going concern basis on the assumption that the company will continue to receive sufficient financial support from it's shareholders to provide sufficient funds to enable it to meet it's liabilities as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 6,000
Additions 2,050
At 31 March 2023 8,050
AMORTISATION
At 1 April 2022 3,500
Charge for year 2,657
At 31 March 2023 6,157
NET BOOK VALUE
At 31 March 2023 1,893
At 31 March 2022 2,500

Office Serv Limited (Registered number: 11153874)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 32,875
Additions 4,533
At 31 March 2023 37,408
DEPRECIATION
At 1 April 2022 10,619
Charge for year 4,019
At 31 March 2023 14,638
NET BOOK VALUE
At 31 March 2023 22,770
At 31 March 2022 22,256

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,031 949
Other debtors 509 72
1,540 1,021

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,989 3,000
Trade creditors 24,245 261
Taxation and social security 12,273 5,785
Other creditors 46,138 53,157
85,645 62,203

Included within Other creditors at the Balance Sheet date were a directors loan account of £31,306 (2022: £33,629), accruals of £1,200 (2022: £1,200), pensions payable of £146 (2022: £178), client deposits of £6,041 (2022: £4,111), employee expenses of nil (2022: £4,164) and wages payable of £7,445 (2022: £9,875).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 6,659 9,500

Office Serv Limited (Registered number: 11153874)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 2,850 3,800
Between one and five years - 2,850
2,850 6,650