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REGISTERED NUMBER: 11531641 (England and Wales)















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: D K Martin





REGISTERED OFFICE: Apex Plaza
Forbury Road
Reading
Berkshire
RG1 1AX





REGISTERED NUMBER: 11531641 (England and Wales)





AUDITORS: Francis Maxwell LLP
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 7,000 5,877

CURRENT ASSETS
Debtors 5 1,016,476 34,473
Cash at bank 151,506 21,651
1,167,982 56,124
CREDITORS
Amounts falling due within one year 6 3,903,788 3,991,181
NET CURRENT LIABILITIES (2,735,806 ) (3,935,057 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,728,806

)

(3,929,180

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (2,728,906 ) (3,929,280 )
SHAREHOLDERS' FUNDS (2,728,806 ) (3,929,180 )

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 director and authorised for issue on 20 March 2025 and were signed by:





D K Martin - Director


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 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 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 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2023 4,665 23,056 27,721
Additions - 4,578 4,578
Disposals - (14,841 ) (14,841 )
At 30 November 2024 4,665 12,793 17,458
DEPRECIATION
At 1 December 2023 4,665 17,179 21,844
Charge for year - 3,455 3,455
Eliminated on disposal - (14,841 ) (14,841 )
At 30 November 2024 4,665 5,793 10,458
NET BOOK VALUE
At 30 November 2024 - 7,000 7,000
At 30 November 2023 - 5,877 5,877

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 49,234 4,691
VAT 18,613 29,782
Deferred tax asset 898,977 -
Prepayments and accrued income 49,652 -
1,016,476 34,473

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 3,762,466 3,795,916
Trade creditors 60,626 62,026
Social security and other taxes 9,846 13,558
Accrued expenses 70,850 119,681
3,903,788 3,991,181

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 82,056 61,542
Between one and five years 191,464 348,738
273,520 410,280

8. DEFERRED TAX
£   
Capital allowances 1,750
Losses (900,727 )
Balance at 30 November 2024 (898,977 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary 10 100 100

10. RESERVES
Retained
earnings
£   

At 1 December 2023 (3,929,280 )
Profit for the year 1,200,374
At 30 November 2024 (2,728,906 )

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.

Thomas Edward Mason FCA (Senior Statutory Auditor)
for and on behalf of Francis Maxwell LLP

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.