IRIS Accounts Production v24.2.0.383 13957923 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh139579232023-03-31139579232024-03-31139579232023-04-012024-03-31139579232022-03-04139579232022-03-052023-03-31139579232023-03-3113957923ns15:EnglandWales2023-04-012024-03-3113957923ns14:PoundSterling2023-04-012024-03-3113957923ns10:Director12023-04-012024-03-3113957923ns10:Director22023-04-012024-03-3113957923ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113957923ns10:SmallEntities2023-04-012024-03-3113957923ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113957923ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113957923ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113957923ns10:FullAccounts2023-04-012024-03-3113957923ns10:RegisteredOffice2023-04-012024-03-3113957923ns5:CurrentFinancialInstruments2024-03-3113957923ns5:CurrentFinancialInstruments2023-03-3113957923ns5:ShareCapital2024-03-3113957923ns5:ShareCapital2023-03-3113957923ns5:RetainedEarningsAccumulatedLosses2024-03-3113957923ns5:RetainedEarningsAccumulatedLosses2023-03-3113957923ns5:LandBuildings2023-04-012024-03-3113957923ns5:PlantMachinery2023-04-012024-03-3113957923ns5:LandBuildings2024-03-3113957923ns5:PlantMachinery2024-03-3113957923ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3113957923ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31139579231ns10:Director12023-03-31139579231ns10:Director12022-03-04139579231ns10:Director12023-04-012024-03-31139579231ns10:Director12022-03-052023-03-31139579231ns10:Director12024-03-31139579231ns10:Director12023-03-3113957923ns10:Director222023-03-3113957923ns10:Director222022-03-0413957923ns10:Director222023-04-012024-03-3113957923ns10:Director222022-03-052023-03-3113957923ns10:Director222024-03-3113957923ns10:Director222023-03-31
REGISTERED NUMBER: 13957923 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

SERVICE REACH LIMITED

SERVICE REACH LIMITED (Registered number: 13957923)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SERVICE REACH LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: F Abdulov
A Gudratov





REGISTERED OFFICE: Apollo House
Hallam Way
Whitehills Business Park
Blackpool
FY4 5FS





REGISTERED NUMBER: 13957923 (England and Wales)





ACCOUNTANTS: Nixon Williams Limited
Apollo House
Hallam Way
Whitehills Business Park
Blackpool
FY4 5FS

SERVICE REACH LIMITED (Registered number: 13957923)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 16,993 -

CURRENT ASSETS
Inventories 5 69,000 59,063
Debtors 6 782,679 404,036
Cash at bank 200,077 1,109
1,051,756 464,208
CREDITORS
Amounts falling due within one year 7 191,535 136,519
NET CURRENT ASSETS 860,221 327,689
TOTAL ASSETS LESS CURRENT
LIABILITIES

877,214

327,689

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 877,212 327,687
877,214 327,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SERVICE REACH LIMITED (Registered number: 13957923)

Statement of Financial Position - continued
31 March 2024


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 8 October 2024 and were signed on its behalf by:




F Abdulov - Director



A Gudratov - Director


SERVICE REACH LIMITED (Registered number: 13957923)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

SERVICE REACH 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
Revenue 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.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as revenue in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded revenue and related costs.

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.

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 2 (2023 - 2 ) .

SERVICE REACH LIMITED (Registered number: 13957923)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 9,975 9,357 19,332
At 31 March 2024 9,975 9,357 19,332
DEPRECIATION
Charge for year - 2,339 2,339
At 31 March 2024 - 2,339 2,339
NET BOOK VALUE
At 31 March 2024 9,975 7,018 16,993

5. INVENTORIES
31/3/24 31/3/23
£    £   

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 573,313 228,055
Other debtors 209,366 175,981
782,679 404,036

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Taxation and social security 191,522 135,928
Other creditors 13 591
191,535 136,519

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

31/3/24 31/3/23
£    £   
F Abdulov
Balance outstanding at start of year (161 ) -
Amounts advanced 311 (161 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 150 (161 )

SERVICE REACH LIMITED (Registered number: 13957923)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A Gudratov
Balance outstanding at start of year 175,659 -
Amounts advanced 28,786 175,659
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 204,445 175,659