IRIS Accounts Production v24.3.2.46 09706074 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097060742023-07-31097060742024-07-31097060742023-08-012024-07-31097060742022-07-31097060742022-08-012023-07-31097060742023-07-3109706074ns15:EnglandWales2023-08-012024-07-3109706074ns14:PoundSterling2023-08-012024-07-3109706074ns10:Director12023-08-012024-07-3109706074ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3109706074ns10:SmallEntities2023-08-012024-07-3109706074ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3109706074ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3109706074ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3109706074ns10:FullAccounts2023-08-012024-07-3109706074ns10:OrdinaryShareClass12023-08-012024-07-3109706074ns10:Director22023-08-012024-07-3109706074ns10:RegisteredOffice2023-08-012024-07-3109706074ns5:CurrentFinancialInstruments2024-07-3109706074ns5:CurrentFinancialInstruments2023-07-3109706074ns5:Non-currentFinancialInstruments2024-07-3109706074ns5:Non-currentFinancialInstruments2023-07-3109706074ns5:ShareCapital2024-07-3109706074ns5:ShareCapital2023-07-3109706074ns5:RetainedEarningsAccumulatedLosses2024-07-3109706074ns5:RetainedEarningsAccumulatedLosses2023-07-3109706074ns5:LandBuildings2023-07-3109706074ns5:PlantMachinery2023-07-3109706074ns5:FurnitureFittings2023-07-3109706074ns5:LandBuildings2023-08-012024-07-3109706074ns5:PlantMachinery2023-08-012024-07-3109706074ns5:FurnitureFittings2023-08-012024-07-3109706074ns5:LandBuildings2024-07-3109706074ns5:PlantMachinery2024-07-3109706074ns5:FurnitureFittings2024-07-3109706074ns5:LandBuildings2023-07-3109706074ns5:PlantMachinery2023-07-3109706074ns5:FurnitureFittings2023-07-3109706074ns5:MotorVehicles2023-07-3109706074ns5:ComputerEquipment2023-07-3109706074ns5:MotorVehicles2023-08-012024-07-3109706074ns5:ComputerEquipment2023-08-012024-07-3109706074ns5:MotorVehicles2024-07-3109706074ns5:ComputerEquipment2024-07-3109706074ns5:MotorVehicles2023-07-3109706074ns5:ComputerEquipment2023-07-3109706074ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3109706074ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3109706074ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-07-3109706074ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3109706074ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3109706074ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3109706074ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-07-3109706074ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3109706074ns10:OrdinaryShareClass12024-07-3109706074ns5:RetainedEarningsAccumulatedLosses2023-07-3109706074ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 09706074 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 July 2024

for

SVE Services Limited

SVE Services Limited (Registered number: 09706074)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SVE Services Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: J L Donovan
L Scull





REGISTERED OFFICE: 25 Portview Road
Avonmouth
Bristol
BS11 9LD





REGISTERED NUMBER: 09706074 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

SVE Services Limited (Registered number: 09706074)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 521,652 405,624

CURRENT ASSETS
Inventories 112,327 73,032
Debtors 5 430,623 405,496
Cash at bank 166,894 174,742
709,844 653,270
CREDITORS
Amounts falling due within one year 6 361,182 352,311
NET CURRENT ASSETS 348,662 300,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

870,314

706,583

CREDITORS
Amounts falling due after more than one
year

7

(125,798

)

(34,995

)

PROVISIONS FOR LIABILITIES (61,026 ) (25,192 )
NET ASSETS 683,490 646,396

SVE Services Limited (Registered number: 09706074)

Statement of Financial Position - continued
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 50 50
Retained earnings 9 683,440 646,346
SHAREHOLDERS' FUNDS 683,490 646,396

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





L Scull - Director


SVE Services Limited (Registered number: 09706074)

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

1. STATUTORY INFORMATION

SVE Services 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.

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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year 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 statement of financial position date.


SVE Services Limited (Registered number: 09706074)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 23 (2023 - 21 ) .

SVE Services Limited (Registered number: 09706074)

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 288,166 21,739 10,390
Additions - - -
Disposals - - -
At 31 July 2024 288,166 21,739 10,390
DEPRECIATION
At 1 August 2023 15,129 13,915 2,456
Charge for year 5,763 1,564 1,587
Eliminated on disposal - - -
At 31 July 2024 20,892 15,479 4,043
NET BOOK VALUE
At 31 July 2024 267,274 6,260 6,347
At 31 July 2023 273,037 7,824 7,934

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 274,337 36,619 631,251
Additions 187,451 7,393 194,844
Disposals (95,572 ) - (95,572 )
At 31 July 2024 366,216 44,012 730,523
DEPRECIATION
At 1 August 2023 178,011 16,116 225,627
Charge for year 33,173 4,855 46,942
Eliminated on disposal (63,698 ) - (63,698 )
At 31 July 2024 147,486 20,971 208,871
NET BOOK VALUE
At 31 July 2024 218,730 23,041 521,652
At 31 July 2023 96,326 20,503 405,624

SVE Services Limited (Registered number: 09706074)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 87,771
Additions 142,946
Disposals (24,107 )
Transfer to ownership (63,664 )
At 31 July 2024 142,946
DEPRECIATION
At 1 August 2023 50,192
Charge for year 17,720
Eliminated on disposal (19,070 )
Transfer to ownership (38,342 )
At 31 July 2024 10,500
NET BOOK VALUE
At 31 July 2024 132,446
At 31 July 2023 37,579

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 430,623 404,279
Other debtors - 1,217
430,623 405,496

SVE Services Limited (Registered number: 09706074)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 9,988 9,988
Hire purchase contracts 34,007 13,656
Trade creditors 59,832 56,557
Tax 35,811 36,792
Social security and other taxes 25,614 30,619
VAT 94,710 60,989
Other creditors 89,658 69,459
Credit card 1,382 2,831
Pension fund 3,296 2,874
Directors' current accounts 4,079 65,741
Accrued expenses 2,805 2,805
361,182 352,311

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 2-5 years 9,078 19,111
Hire purchase contracts 116,720 15,884
125,798 34,995

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
50 Ordinary £1 50 50

9. RESERVES
Retained
earnings
£   

At 1 August 2023 646,346
Profit for the year 189,094
Dividends (152,000 )
At 31 July 2024 683,440

SVE Services Limited (Registered number: 09706074)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company entered into the following transactions with the directors:

L Scull
Director

20242023

Dividends paid76,000128,000

Capital introduced/(withdrawn)(62,042)62,856

At the period end, the amount due to the director was £3,110 (2023: £65,152).

J Donovan
Director

20242023

Dividends paid76,000128,000

Capital introduced/(withdrawn)380(72,168 )

At the period end, the amount due to the director was £969 (2023: £589).