REGISTERED NUMBER: 07964378 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Seryt Fleet Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Gillin

REGISTERED OFFICE:

88 Boundary Road

Hove

East Sussex

BN3 7GA

REGISTERED NUMBER:

07964378 (England and Wales)

ACCOUNTANTS:

Clamp Boxall Ltd

88 Boundary Road

Hove

East Sussex

BN3 7GA

FIXED ASSETS

Tangible assets

4

53,468

83,613

CURRENT ASSETS

Stocks

44,331

64,006

Debtors

5

218,385

327,803

Prepayments and accrued income

1,608

239

Cash at bank and in hand

92,503

109,586

356,827

501,634

CREDITORS

Amounts falling due within one year

6

342,154

302,478

NET CURRENT ASSETS

14,673

199,156

TOTAL ASSETS LESS CURRENT LIABILITIES

68,141

282,769

CREDITORS

Amounts falling due after more than one year

7

(34,687

)

(79,097

)

ACCRUALS AND DEFERRED INCOME

(6,042

)

(4,233

)

NET ASSETS

27,412

199,439

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

27,312

199,339

27,412

199,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

K Gillin - Director

1.	STATUTORY INFORMATION

Seryt Fleet Limited 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 fair value of the consideration received or receivable, excluding discounts where applicable, rebates, and value added tax.

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 etc

-

33% on reducing balance, 25% on cost and 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.

Stocks

Stocks are valued at the lower of cost and net realisable values after making due allowance for obsolete or slow-moving stocks.

Financial instruments

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.

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 4 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

191,565

Additions

38,000

Disposals

(63,847

)

At 31 March 2025

165,718

DEPRECIATION

At 1 April 2024

107,952

Charge for year

20,260

Eliminated on disposal

(15,962

)

At 31 March 2025

112,250

NET BOOK VALUE

At 31 March 2025

53,468

At 31 March 2024

83,613

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

215,696

217,350

Other debtors

2,689

110,453

218,385

327,803

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

65,016

103,119

Hire purchase contracts

6,875

8,897

Trade creditors

208,936

125,371

Taxation and social security

50,169

51,976

Other creditors

11,158

13,115

342,154

302,478

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

17,500

47,500

Hire purchase contracts

17,187

31,597

34,687

79,097

8.	OTHER FINANCIAL COMMITMENTS

The rental lease commitments over the next 12 months amounts to £66,510. This current lease ends 31st August 2030.

Seryt Fleet Limited uses RBS as a factoring company. RBS hold a fixed and floating charge over Seryt Fleet Limited and its assets.