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REGISTERED NUMBER: 06528122 (England and Wales)















SERE-TECH INNOVATION LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2024






SERE-TECH INNOVATION LIMITED (REGISTERED NUMBER: 06528122)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SERE-TECH INNOVATION LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTOR: J Sohl





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 06528122 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

SERE-TECH INNOVATION LIMITED (REGISTERED NUMBER: 06528122)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 538 768

CURRENT ASSETS
Debtors 5 5,000 5,000
Cash at bank 1,076 2,210
6,076 7,210
CREDITORS
Amounts falling due within one year 6 24,490 16,189
NET CURRENT LIABILITIES (18,414 ) (8,979 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,876

)

(8,211

)

CREDITORS
Amounts falling due after more than one year 7 35,270 39,828
NET LIABILITIES (53,146 ) (48,039 )

CAPITAL AND RESERVES
Called up share capital 136 136
Share premium 29,964 29,964
Retained earnings (83,246 ) (78,139 )
(53,146 ) (48,039 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SERE-TECH INNOVATION LIMITED (REGISTERED NUMBER: 06528122)

Balance Sheet - continued
30 September 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 17 June 2025 and were signed by:





J Sohl - Director


SERE-TECH INNOVATION LIMITED (REGISTERED NUMBER: 06528122)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Sere-Tech Innovation 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.

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

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.

3. EMPLOYEES AND DIRECTORS

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

SERE-TECH INNOVATION LIMITED (REGISTERED NUMBER: 06528122)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 157,309
DEPRECIATION
At 1 October 2023 156,541
Charge for year 230
At 30 September 2024 156,771
NET BOOK VALUE
At 30 September 2024 538
At 30 September 2023 768

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,000 5,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,285 3,285
Trade creditors 900 -
Taxation and social security (5,719 ) (5,569 )
Other creditors 26,024 18,473
24,490 16,189

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 35,270 39,828

8. CONTINGENT LIABILITIES

In line with the accounting policies , grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred and recognised only when there is reasonable assurance that (a) the entity will comply with any conditions attached to the grant and (b) the grant will be received. It is the directors opinion that the company has complied with the conditions attached to any grants received and recorded within the profit and loss account. However the director is currently liaising with the European Commission Agency with regards to a grant agreement and whether the terms and conditions of the grant were met.
If the European Commission Agency are correct it will result in a repayment of Euro 187,710 which would render the company insolvent