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Company Registration No. 08876370 (England and Wales)
Servicex Ltd Unaudited accounts for the year ended 29 February 2024
Servicex Ltd Unaudited accounts Contents
Page
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Servicex Ltd Company Information for the year ended 29 February 2024
Director
Hamid Mahmood Taqui
Company Number
08876370 (England and Wales)
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Servicex Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,514 
37,899 
Current assets
Inventories
447,778 
497,778 
Debtors
(89,526)
33,108 
Cash at bank and in hand
79,061 
8,674 
437,313 
539,560 
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)
Net assets
86,832 
85,296 
Capital and reserves
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
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Servicex Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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:
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 
Depreciation
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 
Net book value
At 29 February 2024
3,473 
41,816 
5,225 
50,514 
At 28 February 2023
4,905 
27,270 
5,724 
37,899 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(94,926)
33,108 
Accrued income and prepayments
5,400 
- 
(89,526)
33,108 
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Servicex Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
36,734 
17,253 
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 
Accruals
452 
452 
311,457 
328,899 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
89,538 
78,346 
Loans from directors
- 
84,918 
89,538 
163,264 
8
Average number of employees
During the year the average number of employees was 15 (2023: 15).
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