REGISTERED NUMBER: 07071529 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Switchserve Limited

Page

Chartered accountants' report

1

Statement of financial position

2

to

3

Notes to the financial statements

4

to

8

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Switchserve Limited for the year ended 31 October 2025 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Switchserve Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Switchserve Limited and state those matters that we have agreed to state to the Board of Directors of Switchserve Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Switchserve Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Switchserve Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Switchserve Limited. You consider that Switchserve Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Switchserve Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

22 St George's Street

Stamford

Lincolnshire

PE9 2BU

30 July 2026

Fixed assets

Intangible assets

5

1,283

-

Tangible assets

6

202,653

254,764

203,936

254,764

Current assets

Stocks

7

32,423

34,197

Debtors

8

738,359

809,419

Cash at bank and in hand

242,765

314,187

1,013,547

1,157,803

Creditors

Amounts falling due within one year

9

496,327

601,595

Net current assets

517,220

556,208

Total assets less current liabilities

721,156

810,972

Creditors

Amounts falling due after more than one year

10

-

(17,999

)

Provisions for liabilities

(50,663

)

(63,691

)

Net assets

670,493

729,282

Capital and reserves

Called up share capital

12

4

4

Retained earnings

670,489

729,278

Shareholders' funds

670,493

729,282

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 30 July 2026 and were signed on its behalf by:

B D Gunner - Director

1.	Statutory information

Switchserve Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07071529

Registered office:

The Barn

59 Northorpe

Thurlby

Bourne

Lincolnshire

PE10 0HH

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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

-

25% on reducing balance

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

25% on reducing balance

Computer & office equipment

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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

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.

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.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

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.

4.	Employees and directors

The average number of employees during the year was 14 (2024 - 13 ) .

5.	Intangible fixed assets

Computer

Goodwill

software

Totals

£

£

£

Cost

At 1 November 2024

48,300

-

48,300

Additions

-

1,925

1,925

At 31 October 2025

48,300

1,925

50,225

Amortisation

At 1 November 2024

48,300

-

48,300

Amortisation for year

-

642

642

At 31 October 2025

48,300

642

48,942

Net book value

At 31 October 2025

-

1,283

1,283

At 31 October 2024

-

-

-

6.	Tangible fixed assets

Fixtures

Computer

Plant and

and

Motor

& office

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 November 2024

130,946

23,688

315,450

47,143

517,227

Additions

6,107

2,024

7,844

3,024

18,999

Disposals

-

(12,501

)

-

(14,915

)

(27,416

)

At 31 October 2025

137,053

13,211

323,294

35,252

508,810

Depreciation

At 1 November 2024

89,972

11,640

132,872

27,979

262,463

Charge for year

11,852

1,884

46,462

5,575

65,773

Eliminated on disposal

-

(9,327

)

-

(12,752

)

(22,079

)

At 31 October 2025

101,824

4,197

179,334

20,802

306,157

Net book value

At 31 October 2025

35,229

9,014

143,960

14,450

202,653

At 31 October 2024

40,974

12,048

182,578

19,164

254,764

7.

Stocks

2025

2024

£

£

Stocks

27,550

25,000

Work-in-progress

4,873

9,197

32,423

34,197

8.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

390,808

413,011

Amounts owed by participating interests

321,443

378,419

Prepayments

26,108

17,989

738,359

809,419

9.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

17,999

40,089

Trade creditors

75,783

136,339

Corporation tax

191,002

240,936

Social security and other taxes

19,777

12,794

VAT

118,594

100,774

Credit card

8,465

7,887

Directors' loan accounts

59,600

59,012

Accrued expenses

5,107

3,764

496,327

601,595

10.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

-

17,999

11.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

17,999

58,088

Hire purchase contracts totalling £17,999 (2024: £58,088) are secured against the assets to which they relate.

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

4

4