SERUS LIMITED


Director	JASPAL, Jasbinder Kaur


Registered Address	9 Jubilee Crescent
	Coventry
	CV6 3EX


Registered Number	07620846 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		28,172		30,264
Tangible assets	4		68,097		66,398
			96,269		96,662
Current assets
Stocks	5	4,126		9,516
Debtors	6	33,926		34,174
Cash at bank and on hand		151,300		150,775
		189,352		194,465
Creditors amounts falling due within one year	7	(105,533)		(97,007)
Net current assets (liabilities)			83,819		97,458
Total assets less current liabilities			180,088		194,120
Creditors amounts falling due after one year	8		(23,860)		(29,244)
Provisions for liabilities	9		(14,863)		(15,977)
Net assets			141,365		148,899
Capital and reserves
Called up share capital			100		100
Profit and loss account			141,265		148,799
Shareholders' funds			141,365		148,899

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 2 December 2025, and are signed on its behalf by:

JASPAL, Jasbinder Kaur
Director
Registered Company No. 07620846

SERUS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Property Costs @ 15 years SL.


		Straight line (years)
	Plant and machinery	5
	Fixtures and fittings	5
	Office Equipment	5

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	18		25

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	209,200	209,200
At 31 March 25	209,200	209,200
Amortisation and impairment
At 01 April 24	178,936	178,936
Charge for year	2,092	2,092
At 31 March 25	181,028	181,028
Net book value
At 31 March 25	28,172	28,172
At 31 March 24	30,264	30,264

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	20,001	204,256	207,857	14,456	446,570
Additions	6,667	4,939	9,380	732	21,718
At 31 March 25	26,668	209,195	217,237	15,188	468,288
Depreciation and impairment
At 01 April 24	20,001	183,768	163,341	13,062	380,172
Charge for year	-	5,593	13,870	556	20,019
At 31 March 25	20,001	189,361	177,211	13,618	400,191
Net book value
At 31 March 25	6,667	19,834	40,026	1,570	68,097
At 31 March 24	-	20,488	44,516	1,394	66,398

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	4,126	9,516
Total	4,126	9,516

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	212
Amounts owed by group undertakings	100	-
Other debtors	27,242	26,643
Prepayments and accrued income	6,584	7,319
Total	33,926	34,174


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	46,601	44,845
Bank borrowings and overdrafts	6,210	6,210
Taxation and social security	21,861	13,893
Other creditors	29,210	29,979
Accrued liabilities and deferred income	1,651	2,080
Total	105,533	97,007


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	23,860	29,244
Total	23,860	29,244

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	14,863	15,977
Total	14,863	15,977

10.	Directors advances, credits and guarantees
	Included in other creditors is an amount of £3 (2024: £2,483) relates to the directors' loan account Mrs Jasbinder Jaspal.