IRIS Accounts Production v25.1.4.42 09777504 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097775042023-12-31097775042024-12-31097775042024-01-012024-12-31097775042022-12-31097775042023-01-012023-12-31097775042023-12-3109777504ns15:EnglandWales2024-01-012024-12-3109777504ns14:PoundSterling2024-01-012024-12-3109777504ns10:Director12024-01-012024-12-3109777504ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109777504ns10:SmallEntities2024-01-012024-12-3109777504ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3109777504ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109777504ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109777504ns10:FullAccounts2024-01-012024-12-3109777504ns10:RegisteredOffice2024-01-012024-12-3109777504ns5:CurrentFinancialInstruments2024-12-3109777504ns5:CurrentFinancialInstruments2023-12-3109777504ns5:Non-currentFinancialInstruments2024-12-3109777504ns5:Non-currentFinancialInstruments2023-12-3109777504ns5:ShareCapital2024-12-3109777504ns5:ShareCapital2023-12-3109777504ns5:CapitalRedemptionReserve2024-12-3109777504ns5:CapitalRedemptionReserve2023-12-3109777504ns5:RetainedEarningsAccumulatedLosses2024-12-3109777504ns5:RetainedEarningsAccumulatedLosses2023-12-3109777504ns5:LeaseholdImprovements2024-01-012024-12-3109777504ns5:PlantMachinery2024-01-012024-12-3109777504ns5:FurnitureFittings2024-01-012024-12-3109777504ns5:MotorVehicles2024-01-012024-12-3109777504ns5:ComputerEquipment2024-01-012024-12-3109777504ns5:LeaseholdImprovements2023-12-3109777504ns5:PlantMachinery2023-12-3109777504ns5:FurnitureFittings2023-12-3109777504ns5:LeaseholdImprovements2024-12-3109777504ns5:PlantMachinery2024-12-3109777504ns5:FurnitureFittings2024-12-3109777504ns5:LeaseholdImprovements2023-12-3109777504ns5:PlantMachinery2023-12-3109777504ns5:FurnitureFittings2023-12-3109777504ns5:MotorVehicles2023-12-3109777504ns5:ComputerEquipment2023-12-3109777504ns5:MotorVehicles2024-12-3109777504ns5:ComputerEquipment2024-12-3109777504ns5:MotorVehicles2023-12-3109777504ns5:ComputerEquipment2023-12-3109777504ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3109777504ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3109777504ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-12-3109777504ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3109777504ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109777504ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 09777504 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THESERVICETEAM LTD

THESERVICETEAM LTD (REGISTERED NUMBER: 09777504)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THESERVICETEAM LTD

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: C D Barton





REGISTERED OFFICE: Whitting Valley Road
Old Whittington
Chesterfield
S41 9EY





REGISTERED NUMBER: 09777504 (England and Wales)

THESERVICETEAM LTD (REGISTERED NUMBER: 09777504)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
CALLED UP SHARE CAPITAL NOT PAID 10 10

FIXED ASSETS
Tangible assets 4 88,962 66,570
88,972 66,580

CURRENT ASSETS
Stocks 5 70,749 39,773
Debtors 6 539,104 130,645
Cash at bank 207,072 233,953
816,925 404,371
CREDITORS
Amounts falling due within one year 7 441,299 284,367
NET CURRENT ASSETS 375,626 120,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

464,598

186,584

CREDITORS
Amounts falling due after more than one
year

8

(24,762

)

(40,946

)

PROVISIONS FOR LIABILITIES (12,602 ) -
NET ASSETS 427,234 145,638

THESERVICETEAM LTD (REGISTERED NUMBER: 09777504)

BALANCE SHEET - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 7 7
Capital redemption reserve 3 3
Retained earnings 427,224 145,628
SHAREHOLDERS' FUNDS 427,234 145,638

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

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

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 8 July 2025 and were signed by:





C D Barton - Director


THESERVICETEAM LTD (REGISTERED NUMBER: 09777504)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Theserviceteam 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 presentation currency of the financial statements is the Pound Sterling (£).


All monetary values stated within these financial statements are rounded to the nearest £.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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 balance sheet date.


THESERVICETEAM LTD (REGISTERED NUMBER: 09777504)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

THESERVICETEAM LTD (REGISTERED NUMBER: 09777504)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 4,597 36,364 8,070
Additions - 5,061 1,104
At 31 December 2024 4,597 41,425 9,174
DEPRECIATION
At 1 January 2024 2,205 25,032 7,443
Charge for year 460 6,399 368
At 31 December 2024 2,665 31,431 7,811
NET BOOK VALUE
At 31 December 2024 1,932 9,994 1,363
At 31 December 2023 2,392 11,332 627

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 115,412 6,270 170,713
Additions 47,562 341 54,068
At 31 December 2024 162,974 6,611 224,781
DEPRECIATION
At 1 January 2024 63,701 5,762 104,143
Charge for year 24,234 215 31,676
At 31 December 2024 87,935 5,977 135,819
NET BOOK VALUE
At 31 December 2024 75,039 634 88,962
At 31 December 2023 51,711 508 66,570

THESERVICETEAM LTD (REGISTERED NUMBER: 09777504)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 107,662
Additions 26,495
Reclassification/transfer (41,980 )
At 31 December 2024 92,177
DEPRECIATION
At 1 January 2024 55,951
Charge for year 20,284
Reclassification/transfer (41,980 )
At 31 December 2024 34,255
NET BOOK VALUE
At 31 December 2024 57,922
At 31 December 2023 51,711

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 70,749 39,773

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 485,947 116,864
Other debtors 53,157 13,781
539,104 130,645

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,029 10,000
Hire purchase contracts 18,218 13,660
Trade creditors 156,620 69,394
Taxation and social security 222,704 98,826
Other creditors 33,728 92,487
441,299 284,367

THESERVICETEAM LTD (REGISTERED NUMBER: 09777504)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 8,933 18,992
Hire purchase contracts 15,829 21,954
24,762 40,946

9. OFF-BALANCE SHEET ARRANGEMENTS

Total lease payments under non-cancellable operating leases which are not included in the balance sheet amount to £81,459 (2023 £16,410)

10. ULTIMATE CONTROLLING PARTY

The controlling party is C D Barton.