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REGISTERED NUMBER: SC569026 (Scotland)















Serialtek UK Ltd

Financial Statements For The Year Ended 31 December 2023






Serialtek UK Ltd (Registered number: SC569026)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Serialtek UK Ltd

Company Information
For The Year Ended 31 December 2023







DIRECTOR: Mr M A Pasquali



REGISTERED OFFICE: 4 North Guildry Street
Elgin
Moray
IV30 1JR



REGISTERED NUMBER: SC569026 (Scotland)



ACCOUNTANTS: Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Credit Suisse
One Cabot Square
London
E14 4QJ

Serialtek UK Ltd (Registered number: SC569026)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 877 1,169

CURRENT ASSETS
Debtors 5 444,686 232,570
Cash at bank 20,424 200,962
465,110 433,532
CREDITORS
Amounts falling due within one year 6 32,217 23,395
NET CURRENT ASSETS 432,893 410,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,770

411,306

PROVISIONS FOR LIABILITIES 7 - 222
NET ASSETS 433,770 411,084

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 433,769 411,083
SHAREHOLDERS' FUNDS 433,770 411,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 15 August 2024 and were signed by:



Mr M A Pasquali - Director


Serialtek UK Ltd (Registered number: SC569026)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Serialtek UK Ltd is a private company, limited by shares , registered in Scotland. 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.
Equipment - 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 8 ) .

Serialtek UK Ltd (Registered number: SC569026)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 3,663 3,319 6,982
DEPRECIATION
At 1 January 2023 2,494 3,319 5,813
Charge for year 292 - 292
At 31 December 2023 2,786 3,319 6,105
NET BOOK VALUE
At 31 December 2023 877 - 877
At 31 December 2022 1,169 - 1,169

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors - 612
Other debtors 16,864 99,202
16,864 99,814

Amounts falling due after more than one year:
Other debtors 427,822 132,756

Aggregate amounts 444,686 232,570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 8,222 2,135
Taxation and social security 22,109 19,557
Other creditors 1,886 1,703
32,217 23,395

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax - 222

Serialtek UK Ltd (Registered number: SC569026)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 222
Provided during year (222 )
Balance at 31 December 2023 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
5 Ordinary 0.2 1 1

9. RESERVES
Retained
earnings
£   

At 1 January 2023 411,083
Profit for the year 22,686
At 31 December 2023 433,769

10. RELATED PARTY DISCLOSURES

At 31 December 2022 Ellisys Group SA the company's ultimate holding company owed Serialtek Uk Ltd £132,756. During the year Serialtek UK Ltd met expenses on behalf of Ellisys Group SA of £295,066. At 31 December 2023 Ellisys Group SA owed Serialtek UK Ltd £427,822. This loan is interest free and has no fixed terms of repayments.

11. PARENT COMPANY

The company is a subsidiary of Ellisys Group SA, a company registered in Av. Tivoli 3, 1700 Fribourg, Switzerland.

M Pasqualli is the ultimate controlling party through being the beneficial owner of the company's parent company, Ellisys Group SA.