Company Registration No. 08876370 (England and Wales)
Servicex Ltd
Unaudited accounts
for the year ended 29 February 2024
Servicex Ltd
Unaudited accounts
Contents
Servicex Ltd
Company Information
for the year ended 29 February 2024
Director
Hamid Mahmood Taqui
Company Number
08876370 (England and Wales)
Servicex Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
50,514
37,899
Inventories
447,778
497,778
Cash at bank and in hand
79,061
8,674
Creditors: amounts falling due within one year
(311,457)
(328,899)
Net current assets
125,856
210,661
Total assets less current liabilities
176,370
248,560
Creditors: amounts falling due after more than one year
(89,538)
(163,264)
Called up share capital
100
100
Profit and loss account
86,732
85,196
Shareholders' funds
86,832
85,296
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 18 November 2024 and were signed on its behalf by
Hamid Mahmood Taqui
Director
Company Registration No. 08876370
Servicex Ltd
Notes to the Accounts
for the year ended 29 February 2024
Servicex Ltd is a private company, limited by shares, registered in England and Wales, registration number 08876370.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
14,578
45,450
8,778
68,806
Additions
-
25,000
1,704
26,704
At 29 February 2024
14,578
70,450
10,482
95,510
At 1 March 2023
9,673
18,180
3,054
30,907
Charge for the year
1,432
10,454
2,203
14,089
At 29 February 2024
11,105
28,634
5,257
44,996
At 29 February 2024
3,473
41,816
5,225
50,514
At 28 February 2023
4,905
27,270
5,724
37,899
Amounts falling due within one year
Trade debtors
(94,926)
33,108
Accrued income and prepayments
5,400
-
Servicex Ltd
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,897
78,956
Taxes and social security
57,352
34,340
Other creditors
72,128
72,128
Loans from directors
142,894
125,770
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
84,918
8
Average number of employees
During the year the average number of employees was 15 (2023: 15).