REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
29 DECEMBER 2022 TO 27 DECEMBER 2023 |
FOR |
SERVICE AND MANAGEMENT LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Tangible assets | 6 |
Investments | 7 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the director and authorised for issue on |
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 |
The presentation currency of the financial statements is the Euro (€). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Tangible fixed assets |
Plant and machinery | - |
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 |
5. | INTANGIBLE FIXED ASSETS |
Totals |
€ |
COST |
At 29 December 2022 |
and 27 December 2023 |
AMORTISATION |
At 29 December 2022 |
Amortisation for period |
At 27 December 2023 |
NET BOOK VALUE |
At 27 December 2023 |
At 28 December 2022 |
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 |
Additions |
Disposals | ( |
) |
At 27 December 2023 |
DEPRECIATION |
At 29 December 2022 |
Charge for period |
Eliminated on disposal | ( |
) |
At 27 December 2023 |
NET BOOK VALUE |
At 27 December 2023 |
At 28 December 2022 |
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: |
Registered office: Via Bra 1, Cuneo CN, 12100 Italy |
Nature of business: |
% |
Class of shares: | holding |
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 |
Registered office: Via Amendola 169, Cavaria Con Premezzo VA, 21044 Italy |
Nature of business: |
% |
Class of shares: | holding |
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: | € | € |
Ordinary | €1 | 50,000 | 50,000 |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
He holds 100% of the issued share capital of the company. |