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REGISTERED NUMBER: 03693623 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Servius Limited

Servius Limited (Registered number: 03693623)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Servius Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: B Blackburn





SECRETARY: B Blackburn





REGISTERED OFFICE: 3 Park Square
Leeds
LS1 2NE





REGISTERED NUMBER: 03693623 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

Servius Limited (Registered number: 03693623)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,216 4,216
Investments 5 1,100 1,100
4,316 5,316

CURRENT ASSETS
Stocks 250 250
Debtors 6 76,927 2,327
Cash at bank and in hand 6,232 13,769
83,409 16,346
CREDITORS
Amounts falling due within one year 7 85,026 24,576
NET CURRENT LIABILITIES (1,617 ) (8,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,699

(2,914

)

CREDITORS
Amounts falling due after more than one
year

8

145,407

145,265
NET LIABILITIES (142,708 ) (148,179 )

CAPITAL AND RESERVES
Called up share capital 9 12,500 12,500
Retained earnings (155,208 ) (160,679 )
SHAREHOLDERS' FUNDS (142,708 ) (148,179 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Servius Limited (Registered number: 03693623)

Balance Sheet - continued
31 March 2024


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 27 March 2025 and were signed by:





B Blackburn - Director


Servius Limited (Registered number: 03693623)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Servius 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company meets its day to day working capital requirements through the short term finance of B Blackburn,a director. At the end of the year he had provided a loan to the company amounting to £116,420. The director does not intend to withdraw that support until the company is trading profitably.

The financial statements have been prepared on the going concern basis which assumes that the company will continue trading for the foreseeable future and that the matters referred to above provide the expected outcome. The financial statements do not include any adjustments that might result if the outcome is not successful.

The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

Turnover
Turnover represents net invoiced sales of goods and services excluding value added tax.

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 - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Servius Limited (Registered number: 03693623)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 62,721 48,009 110,730
DEPRECIATION
At 1 April 2023 61,640 44,874 106,514
Charge for year 216 784 1,000
At 31 March 2024 61,856 45,658 107,514
NET BOOK VALUE
At 31 March 2024 865 2,351 3,216
At 31 March 2023 1,081 3,135 4,216

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 1,100
NET BOOK VALUE
At 31 March 2024 1,100
At 31 March 2023 1,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 76,927 350
VAT - 1,977
76,927 2,327

Servius Limited (Registered number: 03693623)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,000 9,000
VAT 450 -
Amount due to group undertaking 8,776 8,776
Directors' current accounts 1,000 1,000
Accrued expenses 65,800 5,800
85,026 24,576

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Director's loan account 121,104 115,420
Bank loan 24,303 29,845
145,407 145,265

The Bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme.
The loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of
the scheme.

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50,000 Ordinary £1 12,500 12,500

10. RELATED PARTY DISCLOSURES

Included in creditors is an amount due to FSB Vehicle Solutions Limited of £8,776 (2023: £8,776). FSB Vehicle Solutions Limited is a subsidiary undertaking of the company.

During the year the company was charged £60,000 (2023: £Nil) by Merlin Burrows Limited for consultancy services. B Blackburn is a director and shareholder of Merlin Burrows Limited.

11. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the director.