REGISTERED NUMBER: 13696853 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

1Servco Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J R Sheehan

Mrs S B Sheehan

REGISTERED OFFICE:

90 Mill Lane

West Hampstead

London

NW6 1NL

REGISTERED NUMBER:

13696853 (England and Wales)

FIXED ASSETS

Tangible assets

4

131,353

105,900

Investments

5

150,000

150,000

281,353

255,900

CURRENT ASSETS

Debtors

6

327,173

223,419

Cash at bank

216,102

953,484

543,275

1,176,903

CREDITORS

Amounts falling due within one year

7

415,151

994,026

NET CURRENT ASSETS

128,124

182,877

TOTAL ASSETS LESS CURRENT LIABILITIES

409,477

438,777

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

409,377

438,677

SHAREHOLDERS' FUNDS

409,477

438,777

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 directors acknowledge their 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 Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

J R Sheehan - Director

1.	STATUTORY INFORMATION

1Servco 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.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

39,741

82,756

19,629

142,126

Additions

17,984

63,320

6,304

87,608

Disposals

-

(24,495

)

-

(24,495

)

At 31 December 2024

57,725

121,581

25,933

205,239

DEPRECIATION

At 1 January 2024

11,245

19,826

5,155

36,226

Charge for year

11,620

26,970

5,194

43,784

Eliminated on disposal

-

(6,124

)

-

(6,124

)

At 31 December 2024

22,865

40,672

10,349

73,886

NET BOOK VALUE

At 31 December 2024

34,860

80,909

15,584

131,353

At 31 December 2023

28,496

62,930

14,474

105,900

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

150,000

NET BOOK VALUE

At 31 December 2024

150,000

At 31 December 2023

150,000

The company owns 100% of the shares in Digital Zip Limited.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

196,264

118,560

Other debtors

130,909

104,859

327,173

223,419

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

214,148

370,126

Amounts owed to participating interests

109,346

54,346

Taxation and social security

64,334

328,585

Other creditors

27,323

240,969

415,151

994,026

8.	GROUP ACCOUNTS

The company is not required to prepare group accounts on the basis that it is a small group. These accounts are those of 1Servco Limited as an individual undertaking and not as a group. The company owns 100% of the issued share capital of Digital Zip Limited.