Registration number: 14388274

Serveo Industria UK Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 7

Serveo Industria UK Ltd

Company Information

Directors

Mr Francisco Manuel Bernadino Caro Mr Antonio Hernandez Gonzalez

Registered office

C/O Stevens & Bolton Llp Wey House Farnham Road Guildford Surrey GU1 4YD

Auditors

Xeinadin Audit Limited Statutory AuditorsLeavesden Park 5 Hercules Way Watford Hertfordshire WD25 7GS

Serveo Industria UK Ltd

(Registration number: 14388274)
Balance Sheet as at 31 January 2025

	Note	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		257,427		266,260
Current assets
Debtors	5	576,082		53,974
Cash at bank and in hand		475,275		97,402
		1,051,357		151,376
Creditors: Amounts falling due within one year	6	(565,275)		(121,235)
Net current assets			486,082		30,141
Net assets			743,509		296,401
Capital and reserves
Called up share capital		160,000		95,000
Share premium reserve		989,992		405,000
Retained earnings		(406,483)		(203,599)
Shareholders' funds			743,509		296,401

These financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2025 and signed on its behalf by:
 

......................................... Mr Antonio Hernandez Gonzalez Director

Serveo Industria UK Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

1	General information

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

The address of its registered office is:
C/O Stevens & Bolton Llp
Wey House
Farnham Road
Guildford
Surrey
GU1 4YD

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.

The presentational currency of these accounts is £ sterling and the level of rounding is to the nearest £.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 27 August 2025 was Philip Cole FCA, who signed for and on behalf of Xeinadin Audit Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Serveo Industria UK Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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
Technical installations	10% straight line
Plant and machinery	25% straight line
Fixtures and fittings	25% straight line
Motor vehicles	25% straight line
Office equipment	25% straight line

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Serveo Industria UK Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
 Recognition and measurement
Basic financial instruments are recognised at amortised cost.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 32 (2024 - 2).

Serveo Industria UK Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	561,395	37,372
Prepayments	14,687	5,110
Other debtors	-	11,492
	576,082	53,974

6

Creditors

	Note	2025 £	2024 £
Due within one year
Trade creditors		242,888	98,166
Amounts owed to group undertakings and undertakings in which the company has a participating interest		133,336	-
Taxation and social security		53,824	17
Accruals and deferred income		135,140	23,052
Other creditors		87	-
		565,275	121,235

7	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £42,783 (2024 - £51,830).

Amounts disclosed in the balance sheet

Included in the balance sheet are pensions of £87 (2024 - £Nil).

8	Relationship between entity and parents

The parent of the smallest group in which these financial statements are consolidated is Grupo Serveo SL, incorporated in Spain.

The address of Grupo Serveo SL is:
Calle Quintanavides 21, Edificio 5, Parque Empresarial Via Norte, Madrid