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Registration number: 08206357

Serqa Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Serqa Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Serqa Limited

(Registration number: 08206357)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | - | -
Tangible assets | 5 | 3,158 | 724
|  | 3,158 | 724
Current assets |  |  |
Debtors | 6 | 117,878 | 109,191
Cash at bank and in hand |  | 72,843 | 28,219
|  | 190,721 | 137,410
Creditors: Amounts falling due within one year | 7 | (76,173) | (72,164)
Net current assets |  | 114,548 | 65,246
Net assets |  | 117,706 | 65,970
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 117,606 | 65,870
Shareholders' funds |  | 117,706 | 65,970

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 April 2026 and signed on its behalf by:

......................................... S E Cook Director |  |

Serqa Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Liberty House
Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW
United Kingdom

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Serqa Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold improvements | 3 years straight line
Fixtures, fittings and equipment | 4 years straight line
Computer equipment | 3 years straight line
Motor vehicles | 5 years straight line
Plant and machinery | 4 years straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Software | 4 years staright line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Serqa Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2024 - 17).

4 | Intangible assets

| Goodwill £ | Other intangible assets £ | Total £
Cost or valuation
At 1 January 2025 | 837,593 | 319,375 | 1,156,968
At 31 December 2025 | 837,593 | 319,375 | 1,156,968
Amortisation
At 1 January 2025 | 837,593 | 319,375 | 1,156,968
At 31 December 2025 | 837,593 | 319,375 | 1,156,968
Carrying amount
At 31 December 2025 | - | - | -

Serqa Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5 | Tangible assets

| Short leasehold land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2025 | 7,922 | 46,588 | 905 | 34,025 | 4,498 | 93,938
Additions | - | - | 2,406 | 624 | - | 3,030
At 31 December 2025 | 7,922 | 46,588 | 3,311 | 34,649 | 4,498 | 96,968
Depreciation
At 1 January 2025 | 7,922 | 46,588 | 181 | 34,025 | 4,498 | 93,214
Charge for the year | - | - | 423 | 173 | - | 596
At 31 December 2025 | 7,922 | 46,588 | 604 | 34,198 | 4,498 | 93,810
Carrying amount
At 31 December 2025 | - | - | 2,707 | 451 | - | 3,158
At 31 December 2024 | - | - | 724 | - | - | 724

Serqa Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 109,858 | 91,277
Prepayments | 436 | 436
Other debtors | 7,584 | 17,478
| 117,878 | 109,191

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 3,381 | 7,216
Taxation and social security | 49,177 | 39,718
Other creditors | 23,615 | 25,230
| 76,173 | 72,164

8 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 1,740 | 15,957
Later than one year and not later than five years | - | 1,740
| 1,740 | 17,697