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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
Page
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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
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SERVICEPATH (UK) LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,312 
9,630 
Current assets
Debtors
568,468 
374,793 
Cash at bank and in hand
43,401 
264,148 
611,869 
638,941 
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)
Capital and reserves
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
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SERVICEPATH (UK) LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2024
1,446 
13,866 
15,312 
At 31 March 2023
1,757 
7,873 
9,630 
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SERVICEPATH (UK) LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
551,143 
365,816 
Accrued income and prepayments
11,796 
8,977 
Other debtors
5,529 
- 
568,468 
374,793 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
75,348 
69,647 
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 
Other creditors
763 
- 
Accruals
64,048 
- 
Deferred income
382,914 
418,202 
778,862 
627,471 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
36,667 
96,866 
Amounts owed to group undertakings and other participating interests
278,213 
9,870 
Other creditors
- 
(3,684)
Loans from directors
23,340 
22,716 
Accruals
47,056 
- 
385,276 
125,768 
8
Average number of employees
During the year the average number of employees was 7 (2023: 3).
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