Serval Consulting Limited 09601763 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Software Development and Consulting Digita Accounts Production Advanced 6.30.9574.0 true true 09601763 2023-06-01 2024-05-31 09601763 2024-05-31 09601763 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-05-31 09601763 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2024-05-31 09601763 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2024-05-31 09601763 core:RetainedEarningsAccumulatedLosses 2024-05-31 09601763 core:ShareCapital 2024-05-31 09601763 core:CurrentFinancialInstruments 2024-05-31 09601763 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 09601763 core:FurnitureFittingsToolsEquipment 2024-05-31 09601763 bus:SmallEntities 2023-06-01 2024-05-31 09601763 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 09601763 bus:FilletedAccounts 2023-06-01 2024-05-31 09601763 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09601763 bus:RegisteredOffice 2023-06-01 2024-05-31 09601763 bus:Director1 2023-06-01 2024-05-31 09601763 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-06-01 2024-05-31 09601763 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-06-01 2024-05-31 09601763 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2023-06-01 2024-05-31 09601763 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09601763 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 09601763 core:OfficeEquipment 2023-06-01 2024-05-31 09601763 countries:England 2023-06-01 2024-05-31 09601763 2023-05-31 09601763 core:FurnitureFittingsToolsEquipment 2023-05-31 09601763 2022-06-01 2023-05-31 09601763 2023-05-31 09601763 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-05-31 09601763 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-05-31 09601763 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2023-05-31 09601763 core:RetainedEarningsAccumulatedLosses 2023-05-31 09601763 core:ShareCapital 2023-05-31 09601763 core:CurrentFinancialInstruments 2023-05-31 09601763 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 09601763 core:FurnitureFittingsToolsEquipment 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09601763

Serval Consulting Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Serval Consulting Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Serval Consulting Limited

Company Information

Director

Mr Muntazir Khan

Registered office

Brookfield Court Selby Road
Garforth
Leeds
LS25 1NB

Accountants

Clever Accounts Limited
Brookfield Court
Selby Road
Leeds
LS25 1NB

 

Serval Consulting Limited

(Registration number: 09601763)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,009

710

Current assets

 

Debtors

1,134

597

Cash at bank and in hand

 

49,240

61,276

 

50,374

61,873

Creditors: Amounts falling due within one year

(18,682)

(20,146)

Net current assets

 

31,692

41,727

Net assets

 

32,701

42,437

Capital and reserves

 

Called up share capital

5

10

10

Retained earnings

32,691

42,427

Shareholders' funds

 

32,701

42,437

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Serval Consulting Limited

(Registration number: 09601763)
Balance Sheet as at 31 May 2024

Approved and authorised by the director on 23 January 2025
 

.........................................

Mr Muntazir Khan
Director

 

Serval Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Brookfield Court Selby Road
Garforth
Leeds
LS25 1NB
United Kingdom

These financial statements were authorised for issue by the director on 23 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

3 Year Straight line Basis

Laptop

3 Year Straight line Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Serval Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Serval Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

9,265

9,265

Additions

1,964

1,964

At 31 May 2024

11,229

11,229

Depreciation

At 1 June 2023

8,555

8,555

Charge for the year

1,665

1,665

At 31 May 2024

10,220

10,220

Carrying amount

At 31 May 2024

1,009

1,009

At 31 May 2023

710

710

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £0 each

-

-

-

-

Ordinary A of £1 each

8

8

8

8

Ordinary B of £1 each

2

2

2

2

10

10

10

10

6

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

2

-