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REGISTERED NUMBER: 03752655 (England and Wales)















Financial Statements

for the Year Ended 30 April 2024

for

Serversys Limited

Serversys Limited (Registered number: 03752655)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Serversys Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P Catterall
S Lawrence





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 03752655 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Serversys Limited (Registered number: 03752655)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 65,578 34,073

CURRENT ASSETS
Debtors 6 516,312 331,018
Cash at bank 1,379,635 951,397
1,895,947 1,282,415
CREDITORS
Amounts falling due within one year 7 (1,494,747 ) (550,548 )
NET CURRENT ASSETS 401,200 731,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,778

765,940

PROVISIONS FOR LIABILITIES (15,927 ) (7,947 )
NET ASSETS 450,851 757,993

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 19,002 19,002
Retained earnings 430,849 737,991
SHAREHOLDERS' FUNDS 450,851 757,993

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Serversys Limited (Registered number: 03752655)

Statement of Financial Position - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





P Catterall - Director


Serversys Limited (Registered number: 03752655)

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

1. STATUTORY INFORMATION

Serversys 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the sale of goods and services to customers during the year, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - Straight line over 2 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Serversys Limited (Registered number: 03752655)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 May 2023 81,750 23,555 105,305
Additions 68,925 1,710 70,635
Disposals (81,750 ) - (81,750 )
At 30 April 2024 68,925 25,265 94,190
Depreciation
At 1 May 2023 52,730 18,502 71,232
Charge for year 13,013 3,097 16,110
Eliminated on disposal (58,730 ) - (58,730 )
At 30 April 2024 7,013 21,599 28,612
Net book value
At 30 April 2024 61,912 3,666 65,578
At 30 April 2023 29,020 5,053 34,073

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 455,560 269,577
Other debtors 60,752 61,441
516,312 331,018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 144,461 92,847
Taxation and social security 449,976 195,166
Other creditors 900,310 262,535
1,494,747 550,548

Serversys Limited (Registered number: 03752655)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/4/24 30/4/23
£    £   
Within one year 12,310 12,080
Between one and five years 26,115 36,224
38,425 48,304