Company Registration No. 08876370 (England and Wales)
Servicex Ltd
Unaudited accounts
for the year ended 28 February 2023
Servicex Ltd
Unaudited accounts
Contents
Servicex Ltd
Company Information
for the year ended 28 February 2023
Company Number
08876370 (England and Wales)
Registered Office
4 Redgate Lane
Off Hyde Rd
Manchester
M12 4RY
UK
Accountants
Adam & Co Accountancy Ltd
Chartered Certified Accountants
First Floor, 1 Edmund Street
Bradford
BD5 0BH
Servicex Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
37,899
44,502
Inventories
497,778
375,778
Cash at bank and in hand
8,674
27,214
Creditors: amounts falling due within one year
(328,899)
(325,285)
Net current assets
210,661
77,707
Total assets less current liabilities
248,560
122,209
Creditors: amounts falling due after more than one year
(163,264)
(41,627)
Called up share capital
100
100
Profit and loss account
85,196
80,482
Shareholders' funds
85,296
80,582
For the year ending 28 February 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 15 November 2023 and were signed on its behalf by
H M Taqui
Director
Company Registration No. 08876370
Servicex Ltd
Notes to the Accounts
for the year ended 28 February 2023
Servicex Ltd is a private company, limited by shares, registered in England and Wales, registration number 08876370. The registered office is 4 Redgate Lane, Off Hyde Rd, Manchester, M12 4RY, UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
12% straight line
Motor vehicles
20% straight line
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
13,818
45,450
1,726
60,994
Additions
760
-
7,052
7,812
At 28 February 2023
14,578
45,450
8,778
68,806
At 1 March 2022
6,972
9,090
430
16,492
Charge for the year
2,701
9,090
2,624
14,415
At 28 February 2023
9,673
18,180
3,054
30,907
At 28 February 2023
4,905
27,270
5,724
37,899
At 28 February 2022
6,846
36,360
1,296
44,502
Amounts falling due within one year
Servicex Ltd
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
78,956
37,870
Taxes and social security
34,340
18,204
Other creditors
72,128
16,884
Loans from directors
125,770
209,737
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
84,918
-
8
Average number of employees
During the year the average number of employees was 15 (2022: 12).