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Company Registration No. 12166667 (England and Wales)
SERVER SWITCH LTD Unaudited accounts for the year ended 31 August 2024
SERVER SWITCH LTD Unaudited accounts Contents
Page
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SERVER SWITCH LTD Company Information for the year ended 31 August 2024
Director
Scott Gibson
Company Number
12166667 (England and Wales)
Registered Office
14 Middletons Yard Potter Street WORKSOP Nottinghamshire S80 2FT ENGLAND
Accountants
Athelstan Accounting Ltd 14 Middletons Yard Worksop Nottinghamshire S80 2FT
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SERVER SWITCH LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,648,290 
1,099,481 
Current assets
Debtors
47,966 
176,798 
Cash at bank and in hand
978,029 
634,195 
1,025,995 
810,993 
Creditors: amounts falling due within one year
(240,808)
(98,989)
Net current assets
785,187 
712,004 
Total assets less current liabilities
2,433,477 
1,811,485 
Creditors: amounts falling due after more than one year
(42,020)
(45,340)
Provisions for liabilities
Deferred tax
(599,351)
(255,904)
Net assets
1,792,106 
1,510,241 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,792,105 
1,510,240 
Shareholders' funds
1,792,106 
1,510,241 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 May 2025 and were signed on its behalf by
Scott Gibson Director Company Registration No. 12166667
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SERVER SWITCH LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
SERVER SWITCH LTD is a private company, limited by shares, registered in England and Wales, registration number 12166667. The registered office is 14 Middletons Yard, Potter Street, WORKSOP, Nottinghamshire, S80 2FT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing balance
Computer equipment
25% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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SERVER SWITCH LTD Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
1,586,346 
80,932 
1,667,278 
Additions
1,097,425 
812 
1,098,237 
At 31 August 2024
2,683,771 
81,744 
2,765,515 
Depreciation
At 1 September 2023
562,732 
5,065 
567,797 
Charge for the year
530,259 
19,169 
549,428 
At 31 August 2024
1,092,991 
24,234 
1,117,225 
Net book value
At 31 August 2024
1,590,780 
57,510 
1,648,290 
At 31 August 2023
1,023,614 
75,867 
1,099,481 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
32,088 
84,903 
Accrued income and prepayments
2,653 
1,170 
Other debtors
13,225 
90,725 
47,966 
176,798 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,334 
34,339 
Obligations under finance leases and hire purchase contracts
8,076 
8,076 
Trade creditors
121,989 
416 
Taxes and social security
106,998 
49,392 
Other creditors
- 
4,916 
Loans from directors
111 
- 
Accruals
2,300 
1,850 
240,808 
98,989 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
42,020 
45,340 
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SERVER SWITCH LTD Notes to the Accounts for the year ended 31 August 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Scott Gibson
Directors Loan
89,274 
40,500 
129,774 
- 
89,274 
40,500 
129,774 
- 
At year end Mr S Gibson Director) owed the Company £0.00 (2023; 89,274) There are no fixed payments and no interest payable on the loan.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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