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REGISTERED NUMBER: 01388876 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Serfis Construction & Engineering
Limited

Serfis Construction & Engineering
Limited (Registered number: 01388876)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Serfis Construction & Engineering
Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M D Griffiths
S Taylor





SECRETARY: Mrs N S L Child





REGISTERED OFFICE: Pedmore House
102 Pedmore Road
Stourbridge
West Midlands
DY9 8DG





REGISTERED NUMBER: 01388876 (England and Wales)





AUDITORS: Kenneth Morris Limited
Statutory Auditors
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL

Serfis Construction & Engineering
Limited (Registered number: 01388876)

Abridged Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,836 74,131

CURRENT ASSETS
Stocks 9,903 36,361
Debtors 557,274 405,515
Cash at bank 296,480 373,242
863,657 815,118
CREDITORS
Amounts falling due within one year 298,356 514,997
NET CURRENT ASSETS 565,301 300,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

616,137

374,252

CAPITAL AND RESERVES
Called up share capital 325,100 325,100
Retained earnings 291,037 49,152
SHAREHOLDERS' FUNDS 616,137 374,252

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 January 2024 and were signed on its behalf by:





M D Griffiths - Director


Serfis Construction & Engineering
Limited (Registered number: 01388876)

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

1. STATUTORY INFORMATION

Serfis Construction & Engineering 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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Serfis Construction & Engineering
Limited (Registered number: 01388876)

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

2. ACCOUNTING POLICIES - continued

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.

Debtors
Trade debtors includes the value of contractual work in progress.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 101,045
Additions 2,359
At 30 June 2023 103,404
DEPRECIATION
At 1 July 2022 26,914
Charge for year 25,654
At 30 June 2023 52,568
NET BOOK VALUE
At 30 June 2023 50,836
At 30 June 2022 74,131

5. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Waller (Senior Statutory Auditor)
for and on behalf of Kenneth Morris Limited

6. CONTINGENT LIABILITIES

There were no known material contingent liabilities at the year end.

7. RELATED PARTY DISCLOSURES

At the year end the company owed C C Contracting, the ultimate holding company, £84,796 by way of a loan which is repayable on demand.

8. POST BALANCE SHEET EVENTS

There were no known material post balance sheet events.