Sertus Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10210575 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Sertus Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

273,142

239,128

273,142

239,128

CURRENT ASSETS

Stocks

647,438

629,330

Debtors

6

1,567,469

1,250,273

Cash at bank

1,200,172

333,761

3,415,079

2,213,364

CREDITORS

Amounts falling due within one year

7

(2,355,146

)

(1,386,531

)

NET CURRENT ASSETS

1,059,933

826,833

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,333,075

1,065,961

CREDITORS

Amounts falling due after more than one
year

8

(308,621

)

(466,652

)

PROVISIONS FOR LIABILITIES

(39,398

)

(30,895

)

NET ASSETS

985,056

568,414

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

985,055

568,413

SHAREHOLDERS' FUNDS

985,056

568,414

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2026 and were signed on its behalf by:

Mr S L White - Director

1.	STATUTORY INFORMATION

Sertus Limited is a private company, limited by shares, registered in England and Wales, registration number 10210575. The registered office is Europa House, Alfold Road, Cranleigh, Surrey, United Kingdom, GU6 8NQ.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group members..

Turnover

Turnover represents net invoiced sales of goods and services in respect of manufacture and supply of advanced smoke extraction and ventilation systems, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of six years.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Hire purchase and leasing commitments

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.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

1,009,470

AMORTISATION

At 1 January 2025

and 31 December 2025

1,009,470

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2025

161,378

299,819

461,197

Additions

-

92,500

Disposals

-

(11,060

)

(11,060

)

At 31 December 2025

161,378

381,259

542,637

DEPRECIATION

At 1 January 2025

33,606

188,463

222,069

Charge for year

8,069

50,240

58,309

Eliminated on disposal

-

(10,883

)

(10,883

)

At 31 December 2025

41,675

227,820

269,495

NET BOOK VALUE

At 31 December 2025

119,703

153,439

273,142

At 31 December 2024

127,772

111,356

239,128

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2025

42,992

-

42,992

Additions

-

36,000

Transfer to ownership

(42,992

)

-

(42,992

)

At 31 December 2025

-

36,000

DEPRECIATION

At 1 January 2025

5,732

-

5,732

Charge for year

537

450

987

Transfer to ownership

(6,269

)

-

(6,269

)

At 31 December 2025

-

450

NET BOOK VALUE

At 31 December 2025

-

35,550

At 31 December 2024

37,260

-

37,260

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

1,365,836

1,094,224

Other debtors

201,633

156,049

1,567,469

1,250,273

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

41,647

50,000

Hire purchase contracts

12,000

4,753

Trade creditors

840,254

725,801

Taxation and social security

676,611

327,274

Other creditors

784,634

278,703

2,355,146

1,386,531

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans

-

41,652

Hire purchase contracts

23,000

-

Other creditors

285,621

425,000

308,621

466,652

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

Hire purchase contracts

35,000

4,753

Hire purchase contracts are secured on the assets to which they relate.

10.	ULTIMATE PARENT ENTITY

The ultimate controlling party is Sertus Group Limited. Sertus Group Limited is registered in England under registration number 13813443. The registered office is Europa House, Alfold Road, Cranleigh, Surrey, GU6 8NQ.