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REGISTERED NUMBER: 09821580 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

29 DECEMBER 2022 TO 27 DECEMBER 2023

FOR

SERVICE AND MANAGEMENT LTD

SERVICE AND MANAGEMENT LTD (REGISTERED NUMBER: 09821580)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 DECEMBER 2022 TO 27 DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SERVICE AND MANAGEMENT LTD

COMPANY INFORMATION
FOR THE PERIOD 29 DECEMBER 2022 TO 27 DECEMBER 2023







DIRECTOR: Mr Marco Astegiano





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 09821580 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

SERVICE AND MANAGEMENT LTD (REGISTERED NUMBER: 09821580)

ABRIDGED BALANCE SHEET
27 DECEMBER 2023

2023 2022
Notes €    €    €    €   
FIXED ASSETS
Intangible assets 5 2,100 3,150
Tangible assets 6 449,458 439,218
Investments 7 35,000 25,000
486,558 467,368

CURRENT ASSETS
Debtors 3,690,863 2,161,323
Cash at bank 9,141 16,035
3,700,004 2,177,358
CREDITORS
Amounts falling due within one year 3,598,531 2,333,240
NET CURRENT ASSETS/(LIABILITIES) 101,473 (155,882 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

588,031

311,486

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 538,031 261,486
SHAREHOLDERS' FUNDS 588,031 311,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SERVICE AND MANAGEMENT LTD (REGISTERED NUMBER: 09821580)

ABRIDGED BALANCE SHEET - continued
27 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 27 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 January 2025 and were signed by:





Mr Marco Astegiano - Director


SERVICE AND MANAGEMENT LTD (REGISTERED NUMBER: 09821580)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 DECEMBER 2022 TO 27 DECEMBER 2023


1. STATUTORY INFORMATION

Service And Management 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 Euro (€).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company operates a branch in Italy and all the business activities are managed and controlled in Italy.

Preparation of consolidated financial statements
The financial statements contain information about Service And Management Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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 - at variable rates on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


SERVICE AND MANAGEMENT LTD (REGISTERED NUMBER: 09821580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 DECEMBER 2022 TO 27 DECEMBER 2023


3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2022 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Totals
€   
COST
At 29 December 2022
and 27 December 2023 5,947
AMORTISATION
At 29 December 2022 2,797
Amortisation for period 1,050
At 27 December 2023 3,847
NET BOOK VALUE

At 27 December 2023 2,100
At 28 December 2022 3,150

SERVICE AND MANAGEMENT LTD (REGISTERED NUMBER: 09821580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 DECEMBER 2022 TO 27 DECEMBER 2023


6. TANGIBLE FIXED ASSETS
Totals
€   
COST
At 29 December 2022 512,429
Additions 41,687
Disposals (5,909 )
At 27 December 2023 548,207
DEPRECIATION
At 29 December 2022 73,211
Charge for period 31,447
Eliminated on disposal (5,909 )
At 27 December 2023 98,749
NET BOOK VALUE
At 27 December 2023 449,458
At 28 December 2022 439,218

7. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
€   
COST
At 29 December 2022 25,000
Additions 180,000
Impairments (170,000 )
At 27 December 2023 35,000
NET BOOK VALUE
At 27 December 2023 35,000
At 28 December 2022 25,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Service And Academy S.R.L.
Registered office: Via Bra 1, Cuneo CN, 12100 Italy
Nature of business: Higher education and training
%
Class of shares: holding
Ordinary 100.00

SERVICE AND MANAGEMENT LTD (REGISTERED NUMBER: 09821580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 DECEMBER 2022 TO 27 DECEMBER 2023


7. FIXED ASSET INVESTMENTS - continued

Ri.ma Group SRL
Registered office: Via Amendola 169, Cavaria Con Premezzo VA, 21044 Italy
Nature of business: Building renovation products
%
Class of shares: holding
Ordinary 100.00

During the year, the company acquired Ri.ma Group SRL which was later impaired down to its nominal book value.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: €    €   
50,000 Ordinary €1 50,000 50,000

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Marco Astegiano.

He holds 100% of the issued share capital of the company.