0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC714632 2023-05-01 2024-04-30 SC714632 2024-04-30 SC714632 2023-04-30 SC714632 2021-11-09 2023-04-30 SC714632 2023-04-30 SC714632 2021-11-08 SC714632 core:PlantMachinery 2023-05-01 2024-04-30 SC714632 core:MotorVehicles 2023-05-01 2024-04-30 SC714632 bus:LeadAgentIfApplicable 2023-05-01 2024-04-30 SC714632 bus:Director1 2023-05-01 2024-04-30 SC714632 core:PlantMachinery 2023-04-30 SC714632 core:MotorVehicles 2023-04-30 SC714632 core:PlantMachinery 2024-04-30 SC714632 core:MotorVehicles 2024-04-30 SC714632 core:WithinOneYear 2024-04-30 SC714632 core:WithinOneYear 2023-04-30 SC714632 core:AfterOneYear 2024-04-30 SC714632 core:AfterOneYear 2023-04-30 SC714632 core:ShareCapital 2024-04-30 SC714632 core:ShareCapital 2023-04-30 SC714632 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC714632 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC714632 core:PlantMachinery 2023-04-30 SC714632 core:MotorVehicles 2023-04-30 SC714632 bus:SmallEntities 2023-05-01 2024-04-30 SC714632 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC714632 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC714632 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC714632 bus:FullAccounts 2023-05-01 2024-04-30 SC714632 core:OfficeEquipment 2023-05-01 2024-04-30 SC714632 core:OfficeEquipment 2023-04-30 SC714632 core:OfficeEquipment 2024-04-30 SC714632 core:AllAssociates 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: SC714632
Eserv Limited
Filleted Unaudited Financial Statements
30 April 2024
Eserv Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
Eserv Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Eserv Limited
Year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eserv Limited for the year ended 30 April 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Eserv Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Eserv Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eserv Limited and its director for our work or for this report.
It is your duty to ensure that Eserv Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eserv Limited. You consider that Eserv Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Eserv Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
20 December 2024
Eserv Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
53,112
63,492
Current assets
Debtors
5
328,944
189,090
Cash at bank and in hand
15,104
84,767
---------
---------
344,048
273,857
Creditors: amounts falling due within one year
6
220,185
201,856
---------
---------
Net current assets
123,863
72,001
---------
---------
Total assets less current liabilities
176,975
135,493
Creditors: amounts falling due after more than one year
7
15,139
23,787
---------
---------
Net assets
161,836
111,706
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
161,835
111,705
---------
---------
Shareholders funds
161,836
111,706
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Eserv Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 20 December 2024 , and are signed on behalf of the board by:
Mr S Monaghan
Director
Company registration number: SC714632
Eserv Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 May 2023
3,333
61,945
1,413
66,691
Additions
7,095
7,095
--------
--------
-------
--------
At 30 April 2024
10,428
61,945
1,413
73,786
--------
--------
-------
--------
Depreciation
At 1 May 2023
519
2,444
236
3,199
Charge for the year
1,636
15,486
353
17,475
--------
--------
-------
--------
At 30 April 2024
2,155
17,930
589
20,674
--------
--------
-------
--------
Carrying amount
At 30 April 2024
8,273
44,015
824
53,112
--------
--------
-------
--------
At 30 April 2023
2,814
59,501
1,177
63,492
--------
--------
-------
--------
5. Debtors
2024
2023
£
£
Trade debtors
95,953
126,166
Other debtors
232,991
62,924
---------
---------
328,944
189,090
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
49,815
41,860
Social security and other taxes
102,958
73,990
Other creditors
67,412
86,006
---------
---------
220,185
201,856
---------
---------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
15,139
23,787
--------
--------
8. Director's advances, credits and guarantees
As at 30th April 2024 the company was owed £230,920 (2023: £38,421) by the director. Interest has been charged against the loan and the balance was repaid on 12th August 2024.
9. Related party transactions
Included in other creditors there is £40,690 owed to Great Staging company Limited (2023: £23,424 owed from Great Staging company Limited), a company controlled by the director.