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REGISTERED NUMBER: 12707106 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Servo Systems Group Limited

Servo Systems Group Limited (Registered number: 12707106)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Servo Systems Group Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P B Coleman
M Richards





REGISTERED OFFICE: 7 Heath Road
Hanham
Bristol
BS15 3JT





REGISTERED NUMBER: 12707106 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Servo Systems Group Limited (Registered number: 12707106)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,322 21,762

CURRENT ASSETS
Debtors 5 8,795 17,314
Cash at bank 85,630 79,448
94,425 96,762
CREDITORS
Amounts falling due within one year 6 31,284 28,384
NET CURRENT ASSETS 63,141 68,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,463

90,140

CREDITORS
Amounts falling due after more than one
year

7

(10,556

)

(15,080

)

PROVISIONS FOR LIABILITIES (3,101 ) (4,135 )
NET ASSETS 65,806 70,925

Servo Systems Group Limited (Registered number: 12707106)

Statement of Financial Position - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 65,804 70,923
65,806 70,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





M Richards - Director


Servo Systems Group Limited (Registered number: 12707106)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Servo Systems Group Limited is a private company, limited by shares , registered in England and Wales. 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Servo Systems Group Limited (Registered number: 12707106)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 25,660 363 26,023
DEPRECIATION
At 1 July 2023 4,208 53 4,261
Charge for year 5,363 77 5,440
At 30 June 2024 9,571 130 9,701
NET BOOK VALUE
At 30 June 2024 16,089 233 16,322
At 30 June 2023 21,452 310 21,762

Servo Systems Group Limited (Registered number: 12707106)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 25,000
DEPRECIATION
At 1 July 2023 4,167
Charge for year 5,208
At 30 June 2024 9,375
NET BOOK VALUE
At 30 June 2024 15,625
At 30 June 2023 20,833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 5,400 9,499
Other debtors 3,395 7,815
8,795 17,314

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 4,524 4,524
Tax 8,096 7,702
Social security and other taxes 8,102 4,634
VAT 8,027 8,403
Other creditors 334 772
Directors' current accounts 701 849
Accrued expenses 1,500 1,500
31,284 28,384

Servo Systems Group Limited (Registered number: 12707106)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 10,556 15,080

8. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with the directors:

M Richards:

2024 2023

Shares subscribed - -

Capital (withdrawn)/introduced (148 ) 849

Use of home as office 520 520

At the year end the amount due to the director was £701 (2023 - £849).

P Coleman:

2024 2023

Shares subscribed - -


At the year end the amount due to the director was £Nil (2023 - £Nil).