Registered number
07148540
SERVING ALL LIMITED
Unaudited Filleted Accounts
31 December 2023
SERVING ALL LIMITED
Registered number: 07148540
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 1,069,447 1,073,348
Current assets
Debtors 5 34,485 50,000
Cash at bank and in hand 29,524 32,134
64,009 82,134
Creditors: amounts falling due within one year 6 (159,229) (47,731)
Net current (liabilities)/assets (95,220) 34,403
Total assets less current liabilities 974,227 1,107,751
Creditors: amounts falling due after more than one year 7 (602,352) (624,004)
Net assets 371,875 483,747
Capital and reserves
Called up share capital 100 100
Profit and loss account 371,775 483,647
Shareholders' funds 371,875 483,747
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
THIRUNATHAN, Sithamparanathar
Director
Approved by the board on 1 August 2024
SERVING ALL LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 35 41
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 500,000
At 31 December 2023 500,000
Amortisation
At 1 January 2023 500,000
At 31 December 2023 500,000
Net book value
At 31 December 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 1,037,516 482,179 1,519,695
Additions - 1,662 1,662
At 31 December 2023 1,037,516 483,841 1,521,357
Depreciation
At 1 January 2023 - 446,347 446,347
Charge for the year - 5,563 5,563
At 31 December 2023 - 451,910 451,910
Net book value
At 31 December 2023 1,037,516 31,931 1,069,447
At 31 December 2022 1,037,516 35,832 1,073,348
5 Debtors 2023 2022
£ £
Trade debtors 34,485 50,000
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 940 940
Taxation and social security costs 11,350 1,350
Other creditors 146,939 45,441
159,229 47,731
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 602,352 624,004
8 Other information
SERVING ALL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
75 Exeter Road
London
N14 5JU
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