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REGISTERED NUMBER: 04777130 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

SERVICE WAREHOUSING LIMITED

SERVICE WAREHOUSING LIMITED (REGISTERED NUMBER: 04777130)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SERVICE WAREHOUSING LIMITED

Company Information
for the Year Ended 31 January 2024







Director: Mr D Q J Mason



Secretary: Mr D Q J Mason



Registered office: North Street Warehouse
North Street
Radcliffe
Manchester
M26 2BN



Registered number: 04777130 (England and Wales)



Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN



Bankers: Lloyds Bank plc
Hotel Street
Bolton
BL1 1DB

SERVICE WAREHOUSING LIMITED (REGISTERED NUMBER: 04777130)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 149,111 158,879

Current assets
Debtors 6 241,168 178,378
Cash at bank and in hand 272,677 499,714
513,845 678,092
Creditors
Amounts falling due within one year 7 171,484 173,750
Net current assets 342,361 504,342
Total assets less current liabilities 491,472 663,221

Provisions for liabilities 20,048 25,446
Net assets 471,424 637,775

Capital and reserves
Called up share capital 8 3 3
Retained earnings 471,421 637,772
Shareholders' funds 471,424 637,775

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





Mr D Q J Mason - Director


SERVICE WAREHOUSING LIMITED (REGISTERED NUMBER: 04777130)

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


1. Statutory information

Service Warehousing 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. Statement of compliance

The individual financial statements of Service Warehousing Limited have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") 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 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.
Improvements to property - 10% straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets
Basic financial assets, including trade and other debtors, loans to fellow group companies and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


SERVICE WAREHOUSING LIMITED (REGISTERED NUMBER: 04777130)

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


3. Accounting policies - continued
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.

4. Employees and directors

The average number of employees during the year was 13 (2023 - 13 ) .

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 February 2023 450,937
Additions 42,650
Disposals (31,495 )
At 31 January 2024 462,092
Depreciation
At 1 February 2023 292,058
Charge for year 40,089
Eliminated on disposal (19,166 )
At 31 January 2024 312,981
Net book value
At 31 January 2024 149,111
At 31 January 2023 158,879

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 122,894 150,034
Amounts owed by group undertakings 77,022 7,000
Other debtors 41,252 21,344
241,168 178,378

SERVICE WAREHOUSING LIMITED (REGISTERED NUMBER: 04777130)

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


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 114,214 81,142
Taxation and social security 45,283 83,856
Other creditors 11,987 8,752
171,484 173,750

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
3 3

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr D Q J Mason
Balance outstanding at start of year (4,791 ) (5,687 )
Amounts advanced (3,594 ) (3,104 )
Amounts repaid 760 4,000
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,625 ) (4,791 )

The above loan is interest free and repayable on demand.