REGISTERED NUMBER: 09494680 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Seryt Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K J Gillin

REGISTERED OFFICE:

88 Boundary Road

Hove

East Sussex

BN3 7GA

REGISTERED NUMBER:

09494680 (England and Wales)

ACCOUNTANTS:

Clamp Boxall Ltd

88 Boundary Road

Hove

East Sussex

BN3 7GA

FIXED ASSETS

Tangible assets

4

1,382,381

1,262,685

Investments

5

84

84

1,382,465

1,262,769

CURRENT ASSETS

Stocks

376,325

236,883

Debtors

6

400,838

328,330

Prepayments and accrued income

6,264

5,598

Cash at bank and in hand

54,262

149,602

837,689

720,413

CREDITORS

Amounts falling due within one year

7

460,229

481,833

NET CURRENT ASSETS

377,460

238,580

TOTAL ASSETS LESS CURRENT LIABILITIES

1,759,925

1,501,349

CREDITORS

Amounts falling due after more than one year

8

(47,811

)

(92,866

)

PROVISIONS FOR LIABILITIES

(350,186

)

(297,794

)

ACCRUALS AND DEFERRED INCOME

(5,501

)

(3,500

)

NET ASSETS

1,356,427

1,107,189

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

9

705,275

705,275

Retained earnings

651,151

401,913

1,356,427

1,107,189

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 J Gillin - Director

1.	STATUTORY INFORMATION

Seryt 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 as modified by the revaluation of certain assets.

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 reducing balance and 20% on cost

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 April 2024

1,446,352

Additions

331,861

Disposals

(54,795

)

Reclassification/transfer

(3,821

)

At 31 March 2025

1,719,597

DEPRECIATION

At 1 April 2024

183,667

Charge for year

164,333

Eliminated on disposal

(10,784

)

At 31 March 2025

337,216

NET BOOK VALUE

At 31 March 2025

1,382,381

At 31 March 2024

1,262,685

Cost or valuation at 31 March 2025 is represented by:

Plant and

machinery

etc

£

Valuation in 2020

805,277

Valuation in 2022

53,000

Cost

861,320

1,719,597

Plant and machinery was revalued by the director.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

84

NET BOOK VALUE

At 31 March 2025

84

At 31 March 2024

84

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

389,181

302,174

Other debtors

11,657

26,156

400,838

328,330

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

17,579

26,103

Hire purchase contracts and finance leases

55,148

30,492

Trade creditors

325,202

193,134

Taxation and social security

45,082

96,690

Other creditors

17,218

135,414

460,229

481,833

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

10,641

Hire purchase contracts and finance leases

47,811

82,225

47,811

92,866

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

705,275

10.	OTHER FINANCIAL COMMITMENTS

£30,000 (2024: £30,000) per annum paid for rental lease commitments.

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