REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 |
FOR |
SERVICEWARE SE UK LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 |
FOR |
SERVICEWARE SE UK LIMITED |
SERVICEWARE SE UK LIMITED (REGISTERED NUMBER: 11531641) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SERVICEWARE SE UK LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditor |
Chartered Certified Accountants |
The Stables |
23b Lenten Street |
Alton |
Hampshire |
GU34 1HG |
SERVICEWARE SE UK LIMITED (REGISTERED NUMBER: 11531641) |
BALANCE SHEET |
30 NOVEMBER 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The financial statements were approved by the director and authorised for issue on |
SERVICEWARE SE UK LIMITED (REGISTERED NUMBER: 11531641) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2024 |
1. | STATUTORY INFORMATION |
Serviceware SE UK Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value added tax and other sales taxes. |
The UK company was set up to conduct marketing and selling information technology products (software and hardware) including all related services like maintenance services, consulting services, hosting services, and conduct operations comparable herewith The sales included in Serviceware SE UK Limited consist of consulting services provided on behalf of Serviceware. SE. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Fixtures and fittings | - 25% Straight-line |
Computer equipment | - 25% Straight-line |
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 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. |
Foreign currencies |
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
SERVICEWARE SE UK LIMITED (REGISTERED NUMBER: 11531641) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 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. |
Operating leases |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight-line basis, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 December 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 November 2024 |
DEPRECIATION |
At 1 December 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 November 2024 |
NET BOOK VALUE |
At 30 November 2024 |
At 30 November 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
VAT |
Deferred tax asset |
Prepayments and accrued income |
SERVICEWARE SE UK LIMITED (REGISTERED NUMBER: 11531641) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts Owed to Parent Company |
Trade creditors |
Social security and other taxes |
Accrued expenses |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
8. | DEFERRED TAX |
£ |
Capital allowances | 1,750 |
Losses | (900,727 | ) |
Balance at 30 November 2024 | ( |
) |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | 10 | 100 | 100 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 December 2023 | ( |
) |
Profit for the year |
At 30 November 2024 | ( |
) |
SERVICEWARE SE UK LIMITED (REGISTERED NUMBER: 11531641) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2024 |
11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
12. | PENSION COMMITMENTS |
The company operates a defined contribution pension scheme, for the directors and senior employees. At the balance sheet date, unpaid contributions of £9,844 were due to the fund. They are included in social security and other tax. |
13. | RELATED PARTY DISCLOSURES |
The company has taken advantage of the exemption conferred by section 33 in Financial Reporting Standard 102 "Related Party Disclosures" not to disclose transactions with wholly owned members of the group headed by Serviceware SE. |
14. | CONTROLLING PARTY |
The ultimate parent company and controlling party is Serviceware SE, a company incorporated in Germany.Serviceware SE prepares group financial statements which include the results of the company. Copies of the group financial statements are available from Serviceware SE, Serviceware-Kreisel 1, 65510 Idstein, Germany. |
15. | GOING CONCERN |
At the time of approving the financial statements the directors have reasonable expectation that the company has adequate resource to continue in operational existence for the foreseeable future. |
Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |