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REGISTERED NUMBER: 04683303 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SELF SERVICE LTD

SELF SERVICE LTD (REGISTERED NUMBER: 04683303)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SELF SERVICE LTD

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: Mrs S Ejiofor





SECRETARY: Mrs S Ejiofor





REGISTERED OFFICE: 25 Harcourt Street
London
London
W1H 4HN





REGISTERED NUMBER: 04683303 (England and Wales)





ACCOUNTANTS: Annjer Consultancy Services Ltd
31 New Street Hill
Bromley
Kent
BR1 5AX

SELF SERVICE LTD (REGISTERED NUMBER: 04683303)

STATEMENT OF FINANCIAL POSITION
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,586 11,663

CURRENT ASSETS
Stocks 171,893 164,049
Debtors 5 1,078,652 996,866
Investments 6 794,749 794,749
Cash at bank and in hand 505,673 773,070
2,550,967 2,728,734
CREDITORS
Amounts falling due within one year 7 302,665 346,502
NET CURRENT ASSETS 2,248,302 2,382,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,256,888

2,393,895

CREDITORS
Amounts falling due after more than one
year

8

669,588

839,932
NET ASSETS 1,587,300 1,553,963

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,587,298 1,553,961
SHAREHOLDERS' FUNDS 1,587,300 1,553,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SELF SERVICE LTD (REGISTERED NUMBER: 04683303)

STATEMENT OF FINANCIAL POSITION - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 July 2024 and were signed by:





Mrs S Ejiofor - Director


SELF SERVICE LTD (REGISTERED NUMBER: 04683303)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Self Service 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

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

Taxation
Taxation for the year 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 statement of financial position date.

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 12 (2023 - 10 ) .

SELF SERVICE LTD (REGISTERED NUMBER: 04683303)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 32,370 50,325 82,695
DEPRECIATION
At 1 March 2023 28,753 42,279 71,032
Charge for year 2,578 499 3,077
At 29 February 2024 31,331 42,778 74,109
NET BOOK VALUE
At 29 February 2024 1,039 7,547 8,586
At 28 February 2023 3,617 8,046 11,663

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 281,215 284,374
Amounts owed by group undertakings 663,046 663,046
Other debtors 134,391 49,446
1,078,652 996,866

6. CURRENT ASSET INVESTMENTS
29.2.24 28.2.23
£    £   
Unlisted investments 794,749 794,749

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 14 -
Trade creditors 223,780 300,698
Taxation and social security 52,700 37,515
Other creditors 26,171 8,289
302,665 346,502

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 286,106 407,230
Other creditors 383,482 432,702
669,588 839,932

SELF SERVICE LTD (REGISTERED NUMBER: 04683303)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29.2.24 28.2.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 260,791 370,664
Loan creditor 383,482 432,702
644,273 803,366

Repayable by instalments
Bank loans more 5 yr by instal 25,315 36,566

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 286,106 407,230

1.Long term bank loan is secured by first charge over the company's freehold property and bear interest at variable rates.

2. Under the bank loan, £50,000 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S Ejiofor.