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REGISTERED NUMBER: 01388876 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Serfis Construction & Engineering
Limited

Serfis Construction & Engineering
Limited (Registered number: 01388876)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Serfis Construction & Engineering
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M D Griffiths
S Taylor
S Richards





SECRETARY: Mrs N S L Child





REGISTERED OFFICE: Pedmore House
102 Pedmore Road
Stourbridge
West Midlands
DY9 8DG





REGISTERED NUMBER: 01388876 (England and Wales)





AUDITORS: Griffiths Marshall
4th Floor
Llanthony Warehouse
The Docks
Gloucester
Gloucestershire
GL1 2EH

Serfis Construction & Engineering
Limited (Registered number: 01388876)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,192 50,836

CURRENT ASSETS
Stocks 22,117 9,903
Debtors 681,141 557,274
Cash at bank 260,182 296,480
963,440 863,657
CREDITORS
Amounts falling due within one year 308,950 298,356
NET CURRENT ASSETS 654,490 565,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,682

616,137

CAPITAL AND RESERVES
Called up share capital 325,100 325,100
Retained earnings 360,582 291,037
SHAREHOLDERS' FUNDS 685,682 616,137

Serfis Construction & Engineering
Limited (Registered number: 01388876)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 March 2025 and were signed on its behalf by:





M D Griffiths - Director


Serfis Construction & Engineering
Limited (Registered number: 01388876)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Serfis Construction & Engineering 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

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 stocks 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Serfis Construction & Engineering
Limited (Registered number: 01388876)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

Debtors
Trade debtors includes the value of contractual work in progress.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 103,404
Additions 7,341
At 30 June 2024 110,745
DEPRECIATION
At 1 July 2023 52,568
Charge for year 26,985
At 30 June 2024 79,553
NET BOOK VALUE
At 30 June 2024 31,192
At 30 June 2023 50,836

5. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Greg Lewis (Senior Statutory Auditor)
for and on behalf of Griffiths Marshall

6. CONTINGENT LIABILITIES

There were no known material contingent liabilities at the year end.

7. RELATED PARTY DISCLOSURES

At the year end the company owed C C Contracting Limited, the ultimate holding company, £76,027 by way of a loan which is repayable on demand. Within the year the transactions with C C Contracting Limited were trade purchases of £246,211, management charges of £36,382 and sales of £90,431.

Serfis Construction & Engineering
Limited (Registered number: 01388876)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. POST BALANCE SHEET EVENTS

There were no known material post balance sheet events.