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Company Registration No. 08876370 (England and Wales)
Servicex Ltd Unaudited accounts for the year ended 28 February 2023
Servicex Ltd Unaudited accounts Contents
Page
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Servicex Ltd Company Information for the year ended 28 February 2023
Director
H M Taqui
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
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Servicex Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,899 
44,502 
Current assets
Inventories
497,778 
375,778 
Debtors
33,108 
- 
Cash at bank and in hand
8,674 
27,214 
539,560 
402,992 
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)
Net assets
85,296 
80,582 
Capital and reserves
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
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Servicex Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 28 February 2023
4,905 
27,270 
5,724 
37,899 
At 28 February 2022
6,846 
36,360 
1,296 
44,502 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,108 
- 
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Servicex Ltd Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
17,253 
26,854 
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 
Accruals
452 
15,736 
328,899 
325,285 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
78,346 
41,627 
Loans from directors
84,918 
- 
163,264 
41,627 
8
Average number of employees
During the year the average number of employees was 15 (2022: 12).
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