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REGISTERED NUMBER: 05582716 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 September 2023

for

Serca Holdings Limited

Serca Holdings Limited (Registered number: 05582716)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Serca Holdings Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: G N Young
Mrs A Young
T M Wells
Mrs S A Wells
J Young





SECRETARY: T M Wells





REGISTERED OFFICE: Well Spring Close
Carlyon Road
Atherstone
Warwickshire
CV9 1HU





REGISTERED NUMBER: 05582716 (England and Wales)





ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB

Serca Holdings Limited (Registered number: 05582716)

Statement of Financial Position
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,468,163 1,011,622

CURRENT ASSETS
Debtors 5 327,523 868,012
Cash at bank 53,364 145,407
380,887 1,013,419
CREDITORS
Amounts falling due within one year 6 67,314 207,893
NET CURRENT ASSETS 313,573 805,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,781,736

1,817,148

CREDITORS
Amounts falling due after more than one year 7 (47,600 ) (74,800 )

PROVISIONS FOR LIABILITIES (168,917 ) (76,274 )
NET ASSETS 1,565,219 1,666,074

CAPITAL AND RESERVES
Called up share capital 8 600 600
Retained earnings 1,564,619 1,665,474
SHAREHOLDERS' FUNDS 1,565,219 1,666,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Serca Holdings Limited (Registered number: 05582716)

Statement of Financial Position - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





G N Young - Director


Serca Holdings Limited (Registered number: 05582716)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Serca Holdings 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Serca Holdings Limited (Registered number: 05582716)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Loans from directors
Any loans from the Director's to the company are interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 830,815 1,027,003 90,917 10,535 1,959,270
Additions - 661,950 16,495 - 678,445
Disposals - (221,630 ) (2,557 ) - (224,187 )
At 30 September 2023 830,815 1,467,323 104,855 10,535 2,413,528
DEPRECIATION
At 1 October 2022 241,522 641,090 58,014 7,022 947,648
Charge for year 16,616 157,181 12,352 3,513 189,662
Eliminated on disposal - (189,842 ) (2,103 ) - (191,945 )
At 30 September 2023 258,138 608,429 68,263 10,535 945,365
NET BOOK VALUE
At 30 September 2023 572,677 858,894 36,592 - 1,468,163
At 30 September 2022 589,293 385,913 32,903 3,513 1,011,622

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2022 323,545
Transfer to ownership (153,545 )
At 30 September 2023 170,000
DEPRECIATION
At 1 October 2022 132,589
Charge for year 18,424
Transfer to ownership (85,414 )
At 30 September 2023 65,599
NET BOOK VALUE
At 30 September 2023 104,401
At 30 September 2022 190,956

Serca Holdings Limited (Registered number: 05582716)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,048 670,048
Other debtors 102 102
Gtec Limited Intercompany Loan - 97,262
Tecsure Inter Co account 250 -
Harvest Inter Co account 350 -
VAT 4,773 -
Called up share capital not paid - 600
Prepayments 300,000 100,000
327,523 868,012

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 27,200 37,933
Trade creditors 3,706 1,575
Tax - 44,176
VAT - 122,122
Gtec Intercompany account 34,191 -
Directors' current accounts 287 287
Accrued expenses 1,930 1,800
67,314 207,893

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 47,600 74,800

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
500 Ordinary "A-E" £1 500 500
600 600