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Registration number: 04020859

Service Crew Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Service Crew Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 7

 

Service Crew Ltd

Company Information

Director
 

RH White

Company secretary
 

Banstead Registrars Limited

Registered office




 

Salatin House
19 Cedar Road
Sutton
England
SM2 5DA

Accountants

Shaw Gibbs Limited
Salatin House
19 Cedar Road
Sutton
Surrey
SM2 5DA

 

Service Crew Ltd

(Registration number: 04020859)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Non-current assets

 

Property, plant and equipment

4

-

348

Current assets

 

Receivables

5

104,514

106,812

Cash at bank and in hand

 

6,195

6,503

 

110,709

113,315

Payables: Amounts falling due within one year

6

(97,714)

(100,787)

Net current assets

 

12,995

12,528

Net assets

 

12,995

12,876

Equity

 

Called up share capital

100

100

Retained earnings

12,895

12,776

Total equity

 

12,995

12,876

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income statement has been taken.

The financial statements of Service Crew Ltd were approved and authorised for issue by the director on 19 July 2024
 

.........................................

RH White
Director

 

Service Crew Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024

1

General information

Service Crew Ltd (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the director's report on page 2.

2

Accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pounds sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pounds sterling (£).

Judgements and key sources of estimation uncertainty

There are no critical judgements made by the directors in the process of applying the company’s accounting policies which have the most significant effect on the amounts recognised in the financial statements.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities and is net of Value Added Tax.

 

Service Crew Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Property, plant and equipment

Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Computer equipment

33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and subject to an insignificant risk of change in value.

Receivables

Receivables are amounts due from customers for goods sold or services provided in the ordinary course of business.

Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Service Crew Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

The company operates a defined contribution pension scheme. The assets of the schemes are held separately from those of the company. Contributions are recognised in the income statement in the period in which they become payable.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 23 (2023 - 23).

 

Service Crew Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024 (continued)

4

Property, plant and equipment

Computer equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

37,925

37,924

75,849

At 31 March 2024

37,925

37,924

75,849

Depreciation

At 1 April 2023

37,925

37,576

75,501

Charge for the year

-

348

348

At 31 March 2024

37,925

37,924

75,849

Carrying amount

At 31 March 2024

-

-

-

At 31 March 2023

-

348

348

5

Receivables

Current

Note

2024
£

2023
£

Trade receivables

 

16,408

7,508

Other receivables

 

87,800

89,000

Prepayments

 

-

9,998

Deferred tax asset

306

306

   

104,514

106,812

Included in other receivables is an amount of £82,200 (2023: £82,200) due from Managed Operations A I Limited (formerly TADL Assist limited), a company under common control.

 

Service Crew Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024 (continued)

6

Payables

Note

2024
£

2023
£

Due within one year

 

Trade payables

 

23,644

28,919

Social security and other taxes

 

71,557

68,829

Other payables

 

185

185

Accruals

 

2,300

2,210

Income tax liability

28

644

 

97,714

100,787

7

Share capital and reserves

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

The company has one class of share capital which carries no right to fixed income.

Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.

8

Related party transactions

The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of paragraph 1AC.35 of FRS 102 - Small Entities not to disclose transactions with entities that are wholly owned members of the group.

9

Parent and ultimate parent undertaking

The company's immediate parent is Hungry Limited, incorporated in England.

 
The ultimate controlling party is Robert Hamilton White.