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COMPANY REGISTRATION NUMBER: 03412690
SUPERSERVICE LIMITED
Filleted Financial Statements
31 December 2023
SUPERSERVICE LIMITED
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
8,561
4,362
Current assets
Stocks
18,497
12,473
Debtors
6
288,612
306,190
Cash at bank and in hand
56,762
47,252
---------
---------
363,871
365,915
Creditors: amounts falling due within one year
7
52,176
61,385
---------
---------
Net current assets
311,695
304,530
---------
---------
Total assets less current liabilities
320,256
308,892
---------
---------
Net assets
320,256
308,892
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
320,254
308,890
---------
---------
Shareholders funds
320,256
308,892
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 23 July 2024 , and are signed on behalf of the board by:
Mrs H Klein
Director
Company registration number: 03412690
SUPERSERVICE LIMITED
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% straight line
Fixtures and fittings
-
20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2022: 8 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Total
£
£
£
Cost
At 1 January 2023
97,805
13,351
111,156
Additions
5,500
5,500
--------
--------
---------
At 31 December 2023
97,805
18,851
116,656
--------
--------
---------
Depreciation
At 1 January 2023
93,484
13,310
106,794
Charge for the year
501
800
1,301
--------
--------
---------
At 31 December 2023
93,985
14,110
108,095
--------
--------
---------
Carrying amount
At 31 December 2023
3,820
4,741
8,561
--------
--------
---------
At 31 December 2022
4,321
41
4,362
--------
--------
---------
6. Debtors
2023
2022
£
£
Other debtors
288,612
306,190
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
24,167
34,167
Trade creditors
20,418
20,190
Social security and other taxes
2,293
1,640
Other creditors
5,298
5,388
--------
--------
52,176
61,385
--------
--------
8. Summary audit opinion
The auditor's report dated 23 July 2024 was unqualified .
The senior statutory auditor was Phillip Smulovitch , for and on behalf of GK & Co. LLP .
9. Controlling party
The ultimate parent company is Richtone Developments Ltd., a company incorporated in British Virgin Islands.