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REGISTERED NUMBER: 04817495 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st July 2024

for

SERVERO LIMITED

SERVERO LIMITED (REGISTERED NUMBER: 04817495)






Contents of the Financial Statements
for the year ended 31st July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SERVERO LIMITED

Company Information
for the year ended 31st July 2024







DIRECTOR: T N Jennings





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: 04817495 (England and Wales)





ACCOUNTANTS: TC Group
Office: Croydon - TC SWP
3rd Floor, Suffolk House
George Street
Croydon
CR0 0YN

SERVERO LIMITED (REGISTERED NUMBER: 04817495)

Statement of Financial Position
31st July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 26,391 16,338

CURRENT ASSETS
Stocks 289,947 384,252
Debtors 5 242,988 360,904
Cash at bank 159,351 560,900
692,286 1,306,056
CREDITORS
Amounts falling due within one year 6 101,312 772,926
NET CURRENT ASSETS 590,974 533,130
TOTAL ASSETS LESS CURRENT LIABILITIES 617,365 549,468

PROVISIONS FOR LIABILITIES 2,334 4,084
NET ASSETS 615,031 545,384

CAPITAL AND RESERVES
Called up share capital 45 45
Capital redemption reserve 45 45
Retained earnings 614,941 545,294
SHAREHOLDERS' FUNDS 615,031 545,384

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

SERVERO LIMITED (REGISTERED NUMBER: 04817495)

Statement of Financial Position - continued
31st July 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th April 2025 and were signed by:





T N Jennings - Director


SERVERO LIMITED (REGISTERED NUMBER: 04817495)

Notes to the Financial Statements
for the year ended 31st July 2024

1. STATUTORY INFORMATION

Servero 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.

The company continues to trade profitably. The director's monitor the company's cash flow on a regular basis and believes that the business has sufficient resources for the foreseeable future. As a result, the going concern basis of accounting has been adopted.

Turnover
Turnover represents net invoiced sales of goods and commission, 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

SERVERO LIMITED (REGISTERED NUMBER: 04817495)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st August 2023 8,569 3,969 25,445 4,526 42,509
Additions - - 20,800 - 20,800
At 31st July 2024 8,569 3,969 46,245 4,526 63,309
DEPRECIATION
At 1st August 2023 4,915 2,846 14,710 3,700 26,171
Charge for year 914 1,123 7,884 826 10,747
At 31st July 2024 5,829 3,969 22,594 4,526 36,918
NET BOOK VALUE
At 31st July 2024 2,740 - 23,651 - 26,391
At 31st July 2023 3,654 1,123 10,735 826 16,338

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 211,007 328,815
Other debtors 12,900 25,800
Directors' current accounts 17,000 -
Prepayments 2,081 6,289
242,988 360,904

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 30,795 59,010
Tax 41,053 1,713
Social security and other taxes 4,795 3,541
VAT 21,229 42,409
Other creditors 770 152,742
Directors' current accounts - 45,000
Accrued expenses 2,670 468,511
101,312 772,926

SERVERO LIMITED (REGISTERED NUMBER: 04817495)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.24 31.7.23
£    £   
Within one year 35,490 46,948
Between one and five years 28,487 6,904
63,977 53,852

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2024 and 31st July 2023:

31.7.24 31.7.23
£    £   
T N Jennings
Balance outstanding at start of year (45,000 ) -
Amounts advanced 72,000 (45,000 )
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,000 (45,000 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is deemed to be T N Jennings as a result of his owning more than 50% of the share capital.