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REGISTERED NUMBER: 06959219 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

SRB Services UK Ltd

SRB Services UK Ltd (Registered number: 06959219)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SRB Services UK Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr S R Briggs





REGISTERED OFFICE: Unit C
Redworth Street
Hartlepool
TS24 7LG





REGISTERED NUMBER: 06959219 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

SRB Services UK Ltd (Registered number: 06959219)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,629 51,907

CURRENT ASSETS
Stocks 61,564 38,421
Debtors 5 11,264 39,458
Cash at bank 38,690 3,178
111,518 81,057
CREDITORS
Amounts falling due within one year 6 152,133 147,278
NET CURRENT LIABILITIES (40,615 ) (66,221 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,014

(14,314

)

CREDITORS
Amounts falling due after more than one
year

7

16,458

23,333
NET ASSETS/(LIABILITIES) 11,556 (37,647 )

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 8 11,194 11,194
Retained earnings 352 (48,851 )
SHAREHOLDERS' FUNDS 11,556 (37,647 )

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.

SRB Services UK Ltd (Registered number: 06959219)

Balance Sheet - continued
31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2024 and were signed by:





Mr S R Briggs - Director


SRB Services UK Ltd (Registered number: 06959219)

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

1. STATUTORY INFORMATION

SRB Services UK 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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 25% on cost and 15% on reducing balance

The company has adopted a policy of revaluation in respect of plant and machinery and motor vehicles. The revaluation was carried out at the balance sheet date. Fair value has been estimated using a depreciated replacement cost approach.

No independant valuation was carried out upon completion of this.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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.

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

SRB Services UK Ltd (Registered number: 06959219)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 20,625 117,821 138,446
Additions - 32,239 32,239
At 31 January 2024 20,625 150,060 170,685
DEPRECIATION
At 1 February 2023 - 86,539 86,539
Charge for year - 15,517 15,517
At 31 January 2024 - 102,056 102,056
NET BOOK VALUE
At 31 January 2024 20,625 48,004 68,629
At 31 January 2023 20,625 31,282 51,907

Cost or valuation at 31 January 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 20,625 150,060 170,685

SRB Services UK Ltd (Registered number: 06959219)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 February 2023 16,549
Additions 6,683
At 31 January 2024 23,232
DEPRECIATION
At 1 February 2023 10,730
Charge for year 3,126
At 31 January 2024 13,856
NET BOOK VALUE
At 31 January 2024 9,376
At 31 January 2023 5,819

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,264 38,201
Other debtors - 1,257
11,264 39,458

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,660 25,259
Hire purchase contracts 2,083 2,314
Trade creditors 18,108 23,510
Taxation and social security 19,000 3,407
Other creditors 93,282 92,788
152,133 147,278

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 23,333
Hire purchase contracts 3,125 -
16,458 23,333

SRB Services UK Ltd (Registered number: 06959219)

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

8. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 11,194