ACCOUNTS - Final Accounts

Company registration number: 01150501

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	S.R.B. SERVICES LIMITED


S.R.B. SERVICES LIMITED

COMPANY INFORMATION

Director	P Russell


Registered number	01150501


Registered office	158 Station Road
	Addlestone
	Surrey
	KT15 2BD


Accountants	Menzies LLP
	Chartered Accountants
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


S.R.B. SERVICES LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 8


S.R.B. SERVICES LIMITED REGISTERED NUMBER:01150501

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		688,781		698,781
			688,781		698,781
Current assets
Stocks		22,636		27,473
Debtors: amounts falling due within one year	5	113,950		58,399
Cash at bank and in hand		750		3,024
		137,336		88,896
Creditors: amounts falling due within one year	6	(244,967)		(187,045)
Net current liabilities			(107,631)		(98,149)
Total assets less current liabilities			581,150		600,632
Creditors: amounts falling due after more than one year	7		(160,240)		(187,255)
Provisions for liabilities
Deferred tax		(43,875)		(45,272)
			(43,875)		(45,272)
Net assets			377,035		368,105

Capital and reserves
Called up share capital	160	160
Revaluation reserve	126,309	126,309
Profit and loss account	250,566	241,636
	377,035	368,105

Page 1


S.R.B. SERVICES LIMITED REGISTERED NUMBER:01150501

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The Director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P Russell

Director

Date: 3 October 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2


S.R.B. SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

S.R.B. Services Limited is a private company limited by shares incorporated in England and Wales. The registered and trading address is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At 31 March 2025, the company had net current liabilities of £107,631 (2024: £98,149). The company is reliant upon the continued support of the director who has expressed his willingness to provide such support for the foreseeable future to enable the company to continue operations.

2.3

Revenue

Revenue is recognised through the sale of domestic kitchen appliances, and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receviable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


S.R.B. SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as noted below:-.

Depreciation is provided on the following basis:

Freehold property	-	1% on a straight line basis
Plant and machinery	-	25% on reducing balance
Motor vehicles	-	25% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4


S.R.B. SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by the director.
Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.9

Investment Property

Investment property is carried at fair value determined annually by the director and is from an estimate of the current market value for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

Page 5


S.R.B. SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	720,445	73,981	38,125	832,551
At 31 March 2025	720,445	73,981	38,125	832,551
Depreciation
At 1 April 2024	57,928	72,521	3,321	133,770
Charge for the year	934	365	8,701	10,000
At 31 March 2025	58,862	72,886	12,022	143,770
Net book value
At 31 March 2025	661,583	1,095	26,103	688,781
At 31 March 2024	662,517	1,460	34,804	698,781

The director considers the investment property to be held at market value.

Debtors

					2025	2024
					£	£


Trade debtors	107,156	50,200
Other debtors	646	-
Prepayments and accrued income	6,148	8,199
	113,950	58,399

Page 6


S.R.B. SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	4,167	4,932
Bank loans	21,011	19,213
Trade creditors	166,108	114,520
Corporation tax	4,015	-
Other taxation and social security	8,339	7,943
Obligations under finance lease and hire purchase contracts	4,211	4,210
Other creditors	30,771	29,853
Accruals and deferred income	6,345	6,374
	244,967	187,045

The bank loan is secured over the properties held by the company.
Hire purchase commitments are secured on the assets to which they pertain.

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	140,352	163,157
Net obligations under finance leases and hire purchase contracts	19,888	24,098
	160,240	187,255

The bank loan is secured over the properties held by the company.
Hire purchase commitments are secured on the assets to which they pertain.

8.	Transactions with the director

		2025	2024
		£	£

Balance owed at the beginning of the year	(16,668)	(21,489)
Amounts advanced	(21,103)	(8,289)
Amounts repaid	20,136	13,110
	(17,635)	(16,668)

No interest has been charged on this loan and it is repayable on demand.

Page 7


S.R.B. SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Pensions

At 31 March 2025, £248 (2024: £146) was owed in respect of pension payments.

10.	Undistributable reserves

Within the profit and loss reserve account are non distributable profits in respect of historic revaluations of investment land and property of £266,327 (2024: £265,026) after taking into account taxation. The historic cost of the land and buildings and the freehold investment properties are £410,147.

Page 8