Company Registration No. 08424550 (England and Wales)
SERVICEPATH (UK) LTD
Unaudited accounts
for the year ended 31 March 2024
SERVICEPATH (UK) LTD
Unaudited accounts
Contents
SERVICEPATH (UK) LTD
Company Information
for the year ended 31 March 2024
Directors
Ian Cross
Mike Molson
Daniel Kube
Company Number
08424550 (England and Wales)
Registered Office
27 Old Gloucester Street
London
WC1N 3AX
England
Accountants
Bidwell Accountancy Limited
103 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
SERVICEPATH (UK) LTD
Statement of financial position
as at 31 March 2024
Tangible assets
15,312
9,630
Cash at bank and in hand
43,401
264,148
Creditors: amounts falling due within one year
(778,862)
(627,471)
Net current (liabilities)/assets
(166,993)
11,470
Total assets less current liabilities
(151,681)
21,100
Creditors: amounts falling due after more than one year
(385,276)
(125,768)
Net liabilities
(536,957)
(104,668)
Called up share capital
2
2
Profit and loss account
(536,959)
(104,670)
Shareholders' funds
(536,957)
(104,668)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by
Daniel Kube
Director
Company Registration No. 08424550
SERVICEPATH (UK) LTD
Notes to the Accounts
for the year ended 31 March 2024
SERVICEPATH (UK) LTD is a private company, limited by shares, registered in England and Wales, registration number 08424550. The registered office is 27 Old Gloucester Street, London, WC1N 3AX, England .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line, Full Month, 3 years
Computer equipment
Straight Line, Full Month, 3 years
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
1,807
15,108
16,915
Additions
438
10,400
10,838
At 31 March 2024
2,245
25,508
27,753
At 1 April 2023
50
7,235
7,285
Charge for the year
749
4,407
5,156
At 31 March 2024
799
11,642
12,441
At 31 March 2024
1,446
13,866
15,312
At 31 March 2023
1,757
7,873
9,630
SERVICEPATH (UK) LTD
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
551,143
365,816
Accrued income and prepayments
11,796
8,977
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
22,076
15,871
Amounts owed to group undertakings and other participating interests
209,013
92,837
Taxes and social security
24,700
30,914
Deferred income
382,914
418,202
7
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
278,213
9,870
Loans from directors
23,340
22,716
8
Average number of employees
During the year the average number of employees was 7 (2023: 3).