REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2023 to 30 June 2024 |
for |
1st Serve Consultancy Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2023 to 30 June 2024 |
for |
1st Serve Consultancy Limited |
1st Serve Consultancy Limited (Registered number: 08029748) |
Contents of the Financial Statements |
for the Period 1 October 2023 to 30 June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
1st Serve Consultancy Limited |
Company Information |
for the Period 1 October 2023 to 30 June 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Suite 5 Corum 2 |
Corum Office Park |
Crown Way |
Warmley |
Bristol |
BS30 8FJ |
1st Serve Consultancy Limited (Registered number: 08029748) |
Balance Sheet |
30 June 2024 |
30.6.24 | 30.9.23 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) |
1st Serve Consultancy Limited (Registered number: 08029748) |
Balance Sheet - continued |
30 June 2024 |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
1st Serve Consultancy Limited (Registered number: 08029748) |
Notes to the Financial Statements |
for the Period 1 October 2023 to 30 June 2024 |
1. | STATUTORY INFORMATION |
1st Serve Consultancy Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
There have been no material departures from the Financial Reporting Standard 102 1A. |
Turnover |
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised in the profit and loss account only when the company has met its contractual obligations and therefore earned the right to consideration upon the transfer of tickets. |
Turnover in respect of tickets for sporting events is recognised upon the transfer of the tickets. Turnover in respect of sports dinners hosted by the company is recognised as the service is provided. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
1st Serve Consultancy Limited (Registered number: 08029748) |
Notes to the Financial Statements - continued |
for the Period 1 October 2023 to 30 June 2024 |
2. | 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 period 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. |
Going concern |
The directors are satisfied that the company has adequate resources to continue to operate for the foreseeable future. They have therefore prepared the financial statements on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.9.23 |
£ | £ |
Trade debtors |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.9.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.24 | 30.9.23 |
£ | £ |
Bank loans |
1st Serve Consultancy Limited (Registered number: 08029748) |
Notes to the Financial Statements - continued |
for the Period 1 October 2023 to 30 June 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
Included in bank loans in notes 5 and 6 is a combined balance of £Nil (2023 - £6,734) which is guaranteed by the government and unsecured. |
7. | RELATED PARTY DISCLOSURES |
Loans from related parties |
Key management |
Other related parties |
Total |
2024 | £ | £ | £ |
At start of period | 3,646 | 31,463 | 35,109 |
Advanced | 468 | - | 468 |
Repaid | (3,646 | ) | (31,463 | ) | (35,109 | ) |
At end of period | 468 | - | 468 |
Key management |
Other related parties |
Total |
2023 | £ | £ | £ |
At start of the period | 3,022 | 52,839 | 55,861 |
Advanced | 624 | - | 624 |
Repaid | - | (21,376 | ) | (21,376 | ) |
At end of period | 3,646 | 31,463 | 35,109 |
The loans from key management are interest free and repayable on demand. |
The loans from other related parties are interest free and repayable on demand. |