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REGISTERED NUMBER: 02471000 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Serversure Limited

Serversure Limited (Registered number: 02471000)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Serversure Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr M Gill





REGISTERED OFFICE: Unit 14
Step Business Centre
Deepcar
Sheffield
South Yorkshire
S36 2UH





REGISTERED NUMBER: 02471000 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Serversure Limited (Registered number: 02471000)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,019 87,455

CURRENT ASSETS
Debtors 5 9,408 12,647
Cash at bank 98,030 83,927
107,438 96,574
CREDITORS
Amounts falling due within one year 6 44,686 35,303
NET CURRENT ASSETS 62,752 61,271
TOTAL ASSETS LESS CURRENT LIABILITIES 181,771 148,726

PROVISIONS FOR LIABILITIES 7 384 466
NET ASSETS 181,387 148,260

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 34,645 2,645
Retained earnings 146,642 145,515
SHAREHOLDERS' FUNDS 181,387 148,260

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 8 November 2023 and were signed by:





Mr M Gill - Director


Serversure Limited (Registered number: 02471000)

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

1. STATUTORY INFORMATION

Serversure 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance basis
Computer equipment - 25% on 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Serversure Limited (Registered number: 02471000)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2022 85,000 5,347 90,347
Additions - 539 539
Revaluations 32,000 - 32,000
At 31 May 2023 117,000 5,886 122,886
DEPRECIATION
At 1 June 2022 - 2,892 2,892
Charge for year - 975 975
At 31 May 2023 - 3,867 3,867
NET BOOK VALUE
At 31 May 2023 117,000 2,019 119,019
At 31 May 2022 85,000 2,455 87,455

Included in cost or valuation of land and buildings is freehold land of £ 117,000 (2022 - £ 82,355 ) which is not depreciated.

Cost or valuation at 31 May 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2020 85,000 5,886 90,886
Valuation in 2023 32,000 - 32,000
117,000 5,886 122,886

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 82,355 82,355

Value of land in freehold land and buildings 117,000 82,355

Freehold land and buildings were valued on an open market basis on 31 May 2023 by the directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,547 1,516
Other debtors 861 11,131
9,408 12,647

Serversure Limited (Registered number: 02471000)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 177 4,487
Taxation and social security 13,920 18,140
Other creditors 30,589 12,676
44,686 35,303

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 384 466

Deferred
tax
£   
Balance at 1 June 2022 466
Profit and loss account (82 )
Balance at 31 May 2023 384

8. RESERVES
Revaluation
reserve
£   
At 1 June 2022 2,645
Freehold land and buildings 32,000

At 31 May 2023 34,645