Servechain Ltd 13244548 true 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Business Consultancy Digita Accounts Production Advanced 6.30.9574.0 true Mr Bradley Scott Holland true 13244548 2024-04-01 2025-03-31 13244548 2025-03-31 13244548 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2025-03-31 13244548 core:RetainedEarningsAccumulatedLosses 2025-03-31 13244548 core:ShareCapital 2025-03-31 13244548 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13244548 core:FurnitureFittingsToolsEquipment 2025-03-31 13244548 core:DeferredTaxation 2025-03-31 13244548 bus:FRS102 2024-04-01 2025-03-31 13244548 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13244548 bus:FullAccounts 2024-04-01 2025-03-31 13244548 bus:RegisteredOffice 2024-04-01 2025-03-31 13244548 bus:Director1 2024-04-01 2025-03-31 13244548 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2024-04-01 2025-03-31 13244548 bus:EntityNoLongerTradingButTradedInPast 2024-04-01 2025-03-31 13244548 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13244548 core:OfficeEquipment 2024-04-01 2025-03-31 13244548 countries:AllCountries 2024-04-01 2025-03-31 13244548 2024-03-31 13244548 core:FurnitureFittingsToolsEquipment 2024-03-31 13244548 core:DeferredTaxation 2024-03-31 13244548 2024-03-31 13244548 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2024-03-31 13244548 core:RetainedEarningsAccumulatedLosses 2024-03-31 13244548 core:ShareCapital 2024-03-31 13244548 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13244548 core:FurnitureFittingsToolsEquipment 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13244548

Servechain Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Servechain Ltd

(Registration number: 13244548)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

907

907

Current assets

 

Cash at bank and in hand

 

64,464

64,464

Creditors: Amounts falling due within one year

5

(17,577)

(17,577)

Net current assets

 

46,887

46,887

Total assets less current liabilities

 

47,794

47,794

Provisions for liabilities

6

(172)

(172)

Net assets

 

47,622

47,622

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

47,522

47,522

Shareholders' funds

 

47,622

47,622

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 23 April 2025
 

.........................................
Mr Bradley Scott Holland
Director

 

Servechain Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
6 Woodford Gardens
Manchester
M20 2TF
England

These financial statements were authorised for issue by the director on 23 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis on preparing its financial statements.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

Reducing Balance- 15%

 

Servechain Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Servechain Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

1,080

1,080

At 31 March 2025

1,080

1,080

Depreciation

At 1 April 2024

173

173

At 31 March 2025

173

173

Carrying amount

At 31 March 2025

907

907

At 31 March 2024

907

907

4

Cash and cash equivalents

2025
£

2024
£

Cash at bank

64,464

64,464

5

Creditors

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

144

144

Amounts due to related parties

950

950

Social security and other taxes

 

1,330

1,330

Accruals

 

425

425

Income tax liability

14,728

14,728

 

17,577

17,577

 

Servechain Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Provisions for liabilities

Deferred tax
£

Total
£

At 1 April 2024

172

172

At 31 March 2025

172

172

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Share of £1 each

100

100

100

100