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Company Registration No. 12581432 (England and Wales)
I-Serve Group Ltd Unaudited accounts for the year ended 31 March 2024
I-Serve Group Ltd Unaudited accounts Contents
Page
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I-Serve Group Ltd Company Information for the year ended 31 March 2024
Director
Ms Bindiya Naran Pindoria
Company Number
12581432 (England and Wales)
Registered Office
401-405 HONEYPOT LANE STANMORE HA7 1JJ UNITED KINGDOM
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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I-Serve Group Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,552 
934 
Current assets
Debtors
359,544 
24,617 
Cash at bank and in hand
501,941 
341,860 
861,485 
366,477 
Creditors: amounts falling due within one year
(769,336)
(316,482)
Net current assets
92,149 
49,995 
Net assets
94,701 
50,929 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
94,601 
50,829 
Shareholders' funds
94,701 
50,929 
For the year ending 31 March 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 her 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 4 December 2024 and were signed on its behalf by
Ms Bindiya Naran Pindoria Director Company Registration No. 12581432
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I-Serve Group Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
I-Serve Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12581432. The registered office is 401-405 HONEYPOT LANE, STANMORE, HA7 1JJ, UNITED KINGDOM.
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:
Computer equipment
15%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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I-Serve Group Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,349 
Additions
2,068 
At 31 March 2024
3,417 
Depreciation
At 1 April 2023
415 
Charge for the year
450 
At 31 March 2024
865 
Net book value
At 31 March 2024
2,552 
At 31 March 2023
934 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
64,295 
24,617 
Accrued income and prepayments
76,286 
- 
Other debtors
159,900 
- 
300,481 
24,617 
Amounts falling due after more than one year
Other debtors
59,063 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,016 
1,344 
Trade creditors
590,720 
128,850 
Taxes and social security
78,805 
7,265 
Other creditors
4,987 
34,164 
Loans from directors
9,371 
16,178 
Accruals
81,437 
128,681 
769,336 
316,482 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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I-Serve Group Ltd Notes to the Accounts for the year ended 31 March 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Ms Bindiya Naran Pindoria
Loan to Participator
- 
159,900 
- 
159,900 
Loan from Director
- 
- 
9,371 
(9,371)
- 
159,900 
9,371 
150,529 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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