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REGISTERED NUMBER: 04274547 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

The Service Centre (Grimsby) Limited

The Service Centre (Grimsby) Limited (Registered number: 04274547)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Service Centre (Grimsby) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: D Johnson
G Johnson





REGISTERED OFFICE: 4 Holton Studios Nickerson Way
Holton-Le-Clay
Grimsby
DN36 5LE





REGISTERED NUMBER: 04274547 (England and Wales)

The Service Centre (Grimsby) Limited (Registered number: 04274547)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,471 15,318
11,471 15,318

CURRENT ASSETS
Stocks 1,256 1,506
Debtors 6 33,868 31,697
Cash at bank and in hand 172,978 202,223
208,102 235,426
CREDITORS
Amounts falling due within one year 7 86,309 113,219
NET CURRENT ASSETS 121,793 122,207
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,264

137,525

CREDITORS
Amounts falling due after more than one
year

8

(376

)

(2,625

)

PROVISIONS FOR LIABILITIES (2,814 ) (3,218 )
NET ASSETS 130,074 131,682

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 129,971 131,579
130,074 131,682

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Service Centre (Grimsby) Limited (Registered number: 04274547)

Balance Sheet - continued
31 October 2024


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:





D Johnson - Director


The Service Centre (Grimsby) Limited (Registered number: 04274547)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

The Service Centre (Grimsby) Limited 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 Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of four years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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.

The Service Centre (Grimsby) Limited (Registered number: 04274547)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023 40,000
Disposals (40,000 )
At 31 October 2024 -
AMORTISATION
At 1 November 2023 40,000
Eliminated on disposal (40,000 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 50,954
DEPRECIATION
At 1 November 2023 35,636
Charge for year 3,847
At 31 October 2024 39,483
NET BOOK VALUE
At 31 October 2024 11,471
At 31 October 2023 15,318

The Service Centre (Grimsby) Limited (Registered number: 04274547)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 26,919 31,090
Other debtors 6,949 607
33,868 31,697

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 2,249 2,249
Trade creditors 24,052 18,069
Taxation and social security 53,832 38,475
Other creditors 6,176 54,426
86,309 113,219

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 376 2,625

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Hire purchase contracts 2,625 -
- 4,873
2,625 4,873

Amounts due under hire purchase contracts are secured against the assets in which they relate to.