Company Registration No. 06924959 (England and Wales)
Severn Valley IT Service Management Limited
Unaudited accounts
for the year ended 30 June 2026
Severn Valley IT Service Management Limited
Unaudited accounts
Contents
Severn Valley IT Service Management Limited
Company Information
for the year ended 30 June 2026
Company Number
06924959 (England and Wales)
Registered Office
Venta House
Maesglas Retail Park
Newport
NP20 2NS
United Kingdom
Accountants
Evans Entwistle
26 Berkeley Square
Bristol
BS8 1HP
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Severn Valley IT Service Management Limited
for the year ended 30 June 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Severn Valley IT Service Management Limited for the year ended 30 June 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
26 Berkeley Square
Bristol
BS8 1HP
22 July 2026
Severn Valley IT Service Management Limited
Statement of financial position
as at 30 June 2026
Tangible assets
5,070
5,070
Cash at bank and in hand
11,628
8,257
Creditors: amounts falling due within one year
(3,367)
(14,354)
Net current assets
10,301
3,668
Total assets less current liabilities
15,371
8,738
Creditors: amounts falling due after more than one year
(10,520)
-
Called up share capital
1
1
Profit and loss account
4,850
8,737
Shareholders' funds
4,851
8,738
For the year ending 30 June 2026 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 July 2026 and were signed on its behalf by
Stuart Wright
Director
Company Registration No. 06924959
Severn Valley IT Service Management Limited
Notes to the Accounts
for the year ended 30 June 2026
Severn Valley IT Service Management Limited is a private company, limited by shares, registered in England and Wales, registration number 06924959. The registered office is Venta House, Maesglas Retail Park, Newport, NP20 2NS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Severn Valley IT Service Management Limited
Notes to the Accounts
for the year ended 30 June 2026
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 July 2025
5,070
4,493
9,563
At 30 June 2026
5,070
4,493
9,563
At 1 July 2025
-
4,493
4,493
At 30 June 2026
-
4,493
4,493
At 30 June 2026
5,070
-
5,070
At 30 June 2025
5,070
-
5,070
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
434
424
Taxes and social security
316
11,734
7
Creditors: amounts falling due after more than one year
2026
2025
Loans from directors
10,520
-
Allotted, called up and fully paid:
80 A Ordinary shares of £0.01 each
0.80
0.80
20 B Ordinary shares of £0.01 each
0.20
0.20
9
Average number of employees
During the year the average number of employees was 1 (2025: 2).