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REGISTERED NUMBER: 13696853 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

1Servco Ltd

1Servco Ltd (Registered number: 13696853)






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


1Servco Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J R Sheehan
Mrs S B Sheehan





REGISTERED OFFICE: 90 Mill Lane
West Hampstead
London
NW6 1NL





REGISTERED NUMBER: 13696853 (England and Wales)






1Servco Ltd (Registered number: 13696853)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,900 10,780
Investments 5 150,000 -
255,900 10,780

CURRENT ASSETS
Debtors 6 223,419 41,563
Cash at bank 953,484 27,772
1,176,903 69,335
CREDITORS
Amounts falling due within one year 7 994,026 34,857
NET CURRENT ASSETS 182,877 34,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

438,777

45,258

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 438,677 45,158
SHAREHOLDERS' FUNDS 438,777 45,258

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 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 10 September 2024 and were signed on its behalf by:




J R Sheehan - Director


1Servco Ltd (Registered number: 13696853)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

1Servco Ltd 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 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

1Servco Ltd (Registered number: 13696853)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 6,986 6,066 1,320 14,372
Additions 32,755 76,690 18,309 127,754
At 31 December 2023 39,741 82,756 19,629 142,126
DEPRECIATION
At 1 January 2023 1,746 1,516 330 3,592
Charge for year 9,499 18,310 4,825 32,634
At 31 December 2023 11,245 19,826 5,155 36,226
NET BOOK VALUE
At 31 December 2023 28,496 62,930 14,474 105,900
At 31 December 2022 5,240 4,550 990 10,780

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 150,000
At 31 December 2023 150,000
NET BOOK VALUE
At 31 December 2023 150,000

The company owns 100% of the shares in Digital Zip Limited.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 118,560 34,265
Other debtors 104,859 7,298
223,419 41,563

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 370,126 12,807
Amounts owed to participating interests 54,346 9,300
Taxation and social security 328,585 12,011
Other creditors 240,969 739
994,026 34,857

1Servco Ltd (Registered number: 13696853)

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

8. GROUP ACCOUNTS

The company is not required to prepare group accounts on the basis that it is a small group. These accounts are those of 1Servco Limited as an individual undertaking and not as a group. The company owns 100% of the issued share capital of Digital Zip Limited.