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REGISTERED NUMBER: 04855923 (England and Wales)















SERIES ONE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2






SERIES ONE LIMITED (REGISTERED NUMBER: 04855923)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


SERIES ONE LIMITED (REGISTERED NUMBER: 04855923)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 600,837 596,789

CURRENT ASSETS
Debtors 5 46,018 19,361
Cash at bank 17,555 36,193
63,573 55,554
CREDITORS
Amounts falling due within one
year

6

(46,120

)

(48,773

)
NET CURRENT ASSETS 17,453 6,781
TOTAL ASSETS LESS
CURRENT LIABILITIES

618,290

603,570

CREDITORS
Amounts falling due after more
than one year

7

(16,505

)

(71,563

)

PROVISIONS FOR LIABILITIES (16,926 ) (10,968 )
NET ASSETS 584,859 521,039

SERIES ONE LIMITED (REGISTERED NUMBER: 04855923)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 584,857 521,037
SHAREHOLDERS' FUNDS 584,859 521,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors and authorised for issue on 31st October 2024 and were signed on its behalf by:





C A Fletcher - Director


SERIES ONE LIMITED (REGISTERED NUMBER: 04855923)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Series One Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04855923

Registered office: Birch House
Callywhite Lane
Dronfield
Derbyshire
S18 2XR

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.
Plant and machinery etc - 20% on reducing balance

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 balance sheet date.


SERIES ONE LIMITED (REGISTERED NUMBER: 04855923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

SERIES ONE LIMITED (REGISTERED NUMBER: 04855923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 584,752 179,613 764,365
Additions - 74,385 74,385
Disposals - (103,243 ) (103,243 )
At 31st March 2024 584,752 150,755 735,507
DEPRECIATION
At 1st April 2023 64,974 102,602 167,576
Charge for year 8,383 31,146 39,529
Eliminated on disposal - (72,435 ) (72,435 )
At 31st March 2024 73,357 61,313 134,670
NET BOOK VALUE
At 31st March 2024 511,395 89,442 600,837
At 31st March 2023 519,778 77,011 596,789

5. DEBTORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
2024 2023
£    £   
Trade debtors 16,260 1,445
Other debtors 29,758 17,916
46,018 19,361

SERIES ONE LIMITED (REGISTERED NUMBER: 04855923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,094 6,250
Hire purchase contracts - 20,628
Trade creditors 6,025 2,452
Taxation and social security 13,628 16,440
Other creditors 16,373 3,003
46,120 48,773

7. CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,505 30,204
Hire purchase contracts - 41,359
16,505 71,563