Sherut Services Limited 07061216 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Accounting and secretarial services Digita Accounts Production Advanced 6.30.9574.0 true true 07061216 2022-04-01 2023-03-31 07061216 2023-03-31 07061216 core:RetainedEarningsAccumulatedLosses 2023-03-31 07061216 core:ShareCapital 2023-03-31 07061216 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07061216 core:FurnitureFittingsToolsEquipment 2023-03-31 07061216 bus:SmallEntities 2022-04-01 2023-03-31 07061216 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07061216 bus:FullAccounts 2022-04-01 2023-03-31 07061216 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07061216 bus:RegisteredOffice 2022-04-01 2023-03-31 07061216 bus:Director1 2022-04-01 2023-03-31 07061216 bus:Director2 2022-04-01 2023-03-31 07061216 bus:Director3 2022-04-01 2023-03-31 07061216 bus:Director4 2022-04-01 2023-03-31 07061216 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07061216 core:NetGoodwill 2022-04-01 2023-03-31 07061216 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 07061216 countries:AllCountries 2022-04-01 2023-03-31 07061216 2022-03-31 07061216 core:FurnitureFittingsToolsEquipment 2022-03-31 07061216 2021-04-01 2022-03-31 07061216 2022-03-31 07061216 core:RetainedEarningsAccumulatedLosses 2022-03-31 07061216 core:ShareCapital 2022-03-31 07061216 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 07061216 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 07061216

Sherut Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Sherut Services Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Sherut Services Limited

Company Information
__________________________________________________________________________

Directors

M S Aarons

R Aarons

DJ Harris

J A Harris

Registered office

342 Regents Park Road
London
N3 2LJ


 

Accountants

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Sherut Services Limited

(Registration number: 07061216)
Balance Sheet as at 31 March 2023
__________________________________________________________________________

Note

2023
£

2022
£

   

     

fixed assets

   

 

tangible assets

3

 

527

 

702

Current assets

   

 

Cash at bank and in hand

 

6,036

 

11,785

 

Creditors: Amounts falling due within one year

4

(33,278)

 

(34,475)

 

Net current liabilities

   

(27,242)

 

(22,690)

Net liabilities

   

(26,715)

 

(21,988)

capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

(26,815)

 

(22,088)

 

Total equity

   

(26,715)

 

(21,988)

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 November 2023 and signed on its behalf by:
 

.........................................
DJ Harris
Director

 

Sherut Services Limited

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

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Sherut Services Limited

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

Asset class

Depreciation method and rate

Furniture and equipment

25% reducing balance

Amortisation

Asset class

Amortisation method and rate

Goodwill

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Sherut Services Limited

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

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

5,604

5,604

At 31 March 2023

5,604

5,604

Depreciation

At 1 April 2022

4,902

4,902

Charge for the year

175

175

At 31 March 2023

5,077

5,077

Carrying amount

At 31 March 2023

527

527

At 31 March 2022

702

702

 

Sherut Services Limited

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

4

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

17,578

18,774

Other creditors

15,700

15,701

33,278

34,475

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100