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REGISTERED NUMBER: 14287388 (England and Wales)












FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2023 TO 31 MARCH 2024

FOR

SERVOL TRADING LTD

SERVOL TRADING LTD (REGISTERED NUMBER: 14287388)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 September 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SERVOL TRADING LTD

COMPANY INFORMATION
for the period 1 September 2023 to 31 March 2024







DIRECTORS: G Branch
Ms V Taylor
R Smith





REGISTERED OFFICE: 51 Pinfold Street
Birmingham
B2 4AY





REGISTERED NUMBER: 14287388 (England and Wales)





AUDITORS: HB&O Ltd
Chartered Accountants and Statutory Auditors
Seven Stars House
1 Wheler Road
Coventry
CV3 4LB

SERVOL TRADING LTD (REGISTERED NUMBER: 14287388)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 242,250 7

CREDITORS
Amounts falling due within one year 5 100,055 -
NET CURRENT ASSETS 142,195 7
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,195

7

CAPITAL AND RESERVES
Called up share capital 7 7
Retained earnings 142,188 -
142,195 7

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 Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





G Branch - Director


SERVOL TRADING LTD (REGISTERED NUMBER: 14287388)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 September 2023 to 31 March 2024

1. STATUTORY INFORMATION

Servol Trading Ltd 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 company's year end was shortened to the 7 months to 31 March 2024, in order to align its year end with that of its charitable parent company, Servol Community Services.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
The financial statements have been prepared on a going concern basis as the directors believe that there are no material uncertainties about the company's ability to continue its operations.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with its parent entity as a wholly owned subsidiary within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT. The policies adopted for the recognition of turnover are as follows:

Rendering of services
Turnover from the rendering of services is recognised by reference to the underlying contracts and stage of completion, which is assessed on the level of costs incurred as a proportion of total estimated costs, where total costs to complete and the outcome of the contract can be measured reliably. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of recoverable costs incurred.

Financial instruments
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

Taxation
Taxation for the period 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.


SERVOL TRADING LTD (REGISTERED NUMBER: 14287388)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 September 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Pension costs and other post-retirement benefits
The group 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.

Distributions under gift aid
Payments to the company's charitable parent company are recognised in the accounting year only when the company has a legal obligation to make such a distribution at its reporting date. Otherwise, such payments are recognised when paid.

In accordance with FRS 102 such payments are treated as distributions of profit and are recognised in the Statement of Changes in Equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 35 (2023 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,605 -
Amounts owed by group undertakings 126,645 -
Other debtors - 7
242,250 7

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 100,055 -

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

The Report of the Auditors was unqualified.

Gregg Olner MPhil BA (Hons) FCA (Senior Statutory Auditor)
for and on behalf of HB&O Ltd

SERVOL TRADING LTD (REGISTERED NUMBER: 14287388)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 September 2023 to 31 March 2024

7. ULTIMATE CONTROLLING PARTY

Servol Community Services, a registered charity number 1125896 (Limited by Guarantee company number 03470752) is regarded by the directors as being the company's ultimate parent company and controlling party.

Servol Community Services is the largest group financial statements that consolidate this company. These group accounts are available to the public from:-
51 Pinfold Street
Birmingham
B2 4AY