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REGISTERED NUMBER: 03025073 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Servio Limited

Servio Limited (Registered number: 03025073)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Servio Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: B G Phillips





SECRETARY: B G Phillips





REGISTERED OFFICE: County House
Armstrong Road
Daneshill Industrial Estate
Basingstoke
Hampshire
RG24 8NU





REGISTERED NUMBER: 03025073 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Servio Limited (Registered number: 03025073)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 207,907 179,777

CURRENT ASSETS
Stocks 17,776 30,157
Debtors 5 739,318 1,099,600
Cash at bank and in hand 481,970 278,713
1,239,064 1,408,470
CREDITORS
Amounts falling due within one year 6 632,152 568,183
NET CURRENT ASSETS 606,912 840,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

814,819

1,020,064

PROVISIONS FOR LIABILITIES 8 44,742 34,157
NET ASSETS 770,077 985,907

CAPITAL AND RESERVES
Called up share capital 9 38 38
Capital redemption reserve 62 62
Retained earnings 769,977 985,807
SHAREHOLDERS' FUNDS 770,077 985,907

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Servio Limited (Registered number: 03025073)

Balance Sheet - continued
31 August 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





B G Phillips - Director


Servio Limited (Registered number: 03025073)

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


1. STATUTORY INFORMATION

Servio 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - straight line to give residual value
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Servio Limited (Registered number: 03025073)

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


2. 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, adjusted for indexation where applicable.

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.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2022 20,362 60,790 35,978
Additions - 1,332 -
Disposals - (1,689 ) -
At 31 August 2023 20,362 60,433 35,978
DEPRECIATION
At 1 September 2022 20,362 55,128 35,978
Charge for year - 2,380 -
Eliminated on disposal - (1,689 ) -
At 31 August 2023 20,362 55,819 35,978
NET BOOK VALUE
At 31 August 2023 - 4,614 -
At 31 August 2022 - 5,662 -

Servio Limited (Registered number: 03025073)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 352,967 91,522 561,619
Additions 125,027 3,531 129,890
Disposals (55,714 ) - (57,403 )
At 31 August 2023 422,280 95,053 634,106
DEPRECIATION
At 1 September 2022 182,128 88,246 381,842
Charge for year 91,109 2,455 95,944
Eliminated on disposal (49,898 ) - (51,587 )
At 31 August 2023 223,339 90,701 426,199
NET BOOK VALUE
At 31 August 2023 198,941 4,352 207,907
At 31 August 2022 170,839 3,276 179,777

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 417,347 592,156
Amounts owed by group undertakings 265,000 465,000
Other debtors 56,971 42,444
739,318 1,099,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 265,410 212,821
Taxation and social security 198,388 182,119
Other creditors 168,354 173,243
632,152 568,183

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.23 31.8.22
£    £   
Within one year 38,500 38,500
Between one and five years 125,125 -
163,625 38,500

Servio Limited (Registered number: 03025073)

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


8. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 44,742 34,157

Deferred
tax
£   
Balance at 1 September 2022 34,157
Accelerated capital allowances 10,585
Balance at 31 August 2023 44,742

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
38 Ordinary £1 38 38