Silverfin false false 28/02/2024 01/03/2023 28/02/2024 T Q D Douglas 16/03/2023 R D Furse 16/03/2023 A E Jenner 02/05/2024 16/08/2019 W Jenner 07/03/2023 10 January 2025 The principal activity of the Company during the financial year was management consultancy. 12161148 2024-02-28 12161148 bus:Director1 2024-02-28 12161148 bus:Director2 2024-02-28 12161148 bus:Director3 2024-02-28 12161148 bus:Director4 2024-02-28 12161148 2023-02-28 12161148 core:CurrentFinancialInstruments 2024-02-28 12161148 core:CurrentFinancialInstruments 2023-02-28 12161148 core:ShareCapital 2024-02-28 12161148 core:ShareCapital 2023-02-28 12161148 core:RetainedEarningsAccumulatedLosses 2024-02-28 12161148 core:RetainedEarningsAccumulatedLosses 2023-02-28 12161148 core:FurnitureFittings 2023-02-28 12161148 core:OfficeEquipment 2023-02-28 12161148 core:ComputerEquipment 2023-02-28 12161148 core:FurnitureFittings 2024-02-28 12161148 core:OfficeEquipment 2024-02-28 12161148 core:ComputerEquipment 2024-02-28 12161148 bus:OrdinaryShareClass1 2024-02-28 12161148 2023-03-01 2024-02-28 12161148 bus:FilletedAccounts 2023-03-01 2024-02-28 12161148 bus:SmallEntities 2023-03-01 2024-02-28 12161148 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 12161148 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 12161148 bus:Director1 2023-03-01 2024-02-28 12161148 bus:Director2 2023-03-01 2024-02-28 12161148 bus:Director3 2023-03-01 2024-02-28 12161148 bus:Director4 2023-03-01 2024-02-28 12161148 core:FurnitureFittings 2023-03-01 2024-02-28 12161148 core:OfficeEquipment 2023-03-01 2024-02-28 12161148 core:ComputerEquipment 2023-03-01 2024-02-28 12161148 2021-09-01 2023-02-28 12161148 bus:OrdinaryShareClass1 2023-03-01 2024-02-28 12161148 bus:OrdinaryShareClass1 2021-09-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12161148 (England and Wales)

ASSERVIO MANAGEMENT AND SOLUTIONS LTD

Unaudited Financial Statements
For the financial year ended 28 February 2024
Pages for filing with the registrar

ASSERVIO MANAGEMENT AND SOLUTIONS LTD

Unaudited Financial Statements

For the financial year ended 28 February 2024

Contents

ASSERVIO MANAGEMENT AND SOLUTIONS LTD

BALANCE SHEET

As at 28 February 2024
ASSERVIO MANAGEMENT AND SOLUTIONS LTD

BALANCE SHEET (continued)

As at 28 February 2024
Note 28.02.2024 28.02.2023
£ £
Fixed assets
Tangible assets 3 0 10,113
0 10,113
Current assets
Debtors 4 0 6,713
Cash at bank and in hand 500 3,678
500 10,391
Creditors: amounts falling due within one year 5 ( 3,080) ( 1,188)
Net current (liabilities)/assets (2,580) 9,203
Total assets less current liabilities (2,580) 19,316
Provision for liabilities 0 1,191
Net (liabilities)/assets ( 2,580) 20,507
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 2,680 ) 20,407
Total shareholder's (deficit)/funds ( 2,580) 20,507

For the financial year ending 28 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Asservio Management and Solutions Ltd (registered number: 12161148) were approved and authorised for issue by the Board of Directors on 10 January 2025. They were signed on its behalf by:

W Jenner
Director
ASSERVIO MANAGEMENT AND SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2024
ASSERVIO MANAGEMENT AND SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Asservio Management and Solutions Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 10 % reducing balance
Office equipment 15 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

Provisions

Provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Year ended
28.02.2024
Period from
01.09.2021 to
28.02.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Tangible assets

Fixtures and fittings Office equipment Computer equipment Total
£ £ £ £
Cost
At 01 March 2023 4,080 3,564 7,261 14,905
Disposals ( 4,080) ( 3,564) ( 7,261) ( 14,905)
At 28 February 2024 0 0 0 0
Accumulated depreciation
At 01 March 2023 775 903 3,114 4,792
Charge for the financial year 330 399 1,037 1,766
Disposals ( 1,105) ( 1,302) ( 4,151) ( 6,558)
At 28 February 2024 0 0 0 0
Net book value
At 28 February 2024 0 0 0 0
At 28 February 2023 3,305 2,661 4,147 10,113

4. Debtors

28.02.2024 28.02.2023
£ £
Other debtors 0 6,713

5. Creditors: amounts falling due within one year

28.02.2024 28.02.2023
£ £
Amounts owed to directors 1,880 0
Accruals 1,200 1,188
3,080 1,188

6. Called-up share capital

28.02.2024 28.02.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's directors

28.02.2024 28.02.2023
£ £
Balance outstanding brought forward 6,713 511
Amounts advanced 8,105 11,773
Amounts repaid (14,818) (5,571)
Balance outstanding at year end 0 6,713

No interest is charged on this loan and it is repayable on demand.