Registration number:
Service Crew Ltd
for the Year Ended 31 March 2024
Service Crew Ltd
Contents
Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Service Crew Ltd
Company Information
Director |
RH White |
Company secretary |
Banstead Registrars Limited |
Registered office |
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Accountants |
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Service Crew Ltd
(Registration number: 04020859)
Statement of Financial Position as at 31 March 2024
Note |
2024 |
2023 |
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Non-current assets |
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Property, plant and equipment |
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Current assets |
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Receivables |
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Cash at bank and in hand |
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Payables: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Equity |
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Called up share capital |
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Retained earnings |
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Total equity |
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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:
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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
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Director
Service Crew Ltd
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024
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.
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
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Service Crew Ltd
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024 (continued)
Property, plant and equipment |
Computer equipment |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 April 2023 |
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At 31 March 2024 |
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Depreciation |
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At 1 April 2023 |
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Charge for the year |
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At 31 March 2024 |
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Carrying amount |
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At 31 March 2024 |
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At 31 March 2023 |
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Receivables |
Current |
Note |
2024 |
2023 |
Trade receivables |
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Other receivables |
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Prepayments |
- |
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Deferred tax asset |
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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)
Payables |
Note |
2024 |
2023 |
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Due within one year |
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Trade payables |
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Social security and other taxes |
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Other payables |
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Accruals |
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Income tax liability |
28 |
644 |
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Share capital and reserves |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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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.
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.
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is