Serrations Limited 31/12/2025 iXBRL

hewitts

Company registration number: 03953139

Serrations Limited

Unaudited filleted abridged financial statements

31 December 2025

Ground Floor Office Suite, Canklow House,

Bawtry Road, Brinsworth, Rotherham, S60 5DN

Tel 0114 276 4440

www.hewittsaccountants.co.uk

enquiries@hewittsaccountants.co.uk

Serrations Limited

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Notes to the financial statements

Serrations Limited

Directors and other information


Directors	J E Hartley
	B R Hartley
	G Meadows	(Appointed 19 December 2025)


Secretary	B R Hartley


Company number	03953139


Registered office	Unit 5 Cobnar Wood Close
	Chesterfield
	Derbyshire
	S41 9RQ


Accountants	Hewitts Accountants Limited
	Chartered Certified Accountants
	Ground Floor Office Suite, Canklow House
	Bawtry Road
	Rotherham
	S60 5DN

Serrations Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Serrations Limited

Period ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Serrations Limited for the period ended 31 December 2025 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Serrations Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Serrations Limited and state those matters that we have agreed to state to the board of directors of Serrations Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Serrations Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Serrations 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 loss of Serrations Limited. You consider that Serrations Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Serrations 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.

Hewitts Accountants Limited

Chartered Certified Accountants

Ground Floor Office Suite, Canklow House

Bawtry Road

Rotherham

S60 5DN

8 October 2026

Serrations Limited

Abridged statement of financial position

31 December 2025

		31/12/25		30/04/25
	Note	£	£	£	£

Fixed assets
Tangible assets	5	77,231		377,068
		_______		_______
			77,231		377,068

Current assets
Stocks		217,032		121,624
Debtors		213,420		180,248
Cash at bank and in hand		309,851		216,492
		_______		_______
		740,303		518,364
Creditors: amounts falling due
within one year		( 188,368)		( 101,357)
		_______		_______
Net current assets			551,935		417,007
			_______		_______
Total assets less current liabilities			629,166		794,075

Creditors: amounts falling due
after more than one year			( 16,925)		( 47,941)

Provisions for liabilities			( 19,308)		( 82,955)

			_______		_______
Net assets			592,933		663,179
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			591,933		662,179
			_______		_______
Shareholders funds			592,933		663,179
			_______		_______

For the period 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 financial statements for the period in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current period ending 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 08 October 2026 , and are signed on behalf of the board by:

J E Hartley

Director

Company registration number: 03953139

Serrations Limited

Notes to the financial statements

Period ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Unit 5 Cobnar Wood Close, Chesterfield, Derbyshire, S41 9RQ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the period amounted to 13 (2025: 13 ).

The aggregate payroll costs incurred during the period were:

	Period	Year
	ended	ended
	31/12/25	30/04/25
	£	£
Wages and salaries	241,806	358,396
Social security costs	20,684	29,525
Other pension costs	28,041	38,694
	_______	_______
	290,531	426,615
	_______	_______

5. Tangible assets


		£
	Cost
	At 1 May 2025	1,157,720
	Additions	470
	Disposals	( 73,668)
		_______
	At 31 December 2025	1,084,522
		_______
	Depreciation
	At 1 May 2025	780,653
	Charge for the year	270,821
	Disposals	( 44,183)
		_______
	At 31 December 2025	1,007,291
		_______
	Carrying amount
	At 31 December 2025	77,231
		_______
	At 30 April 2025	377,067
		_______

6. Directors advances, credits and guarantees

	During the period the directors entered into the following advances and credits with the company:

Period ended 31/12/25
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	J E Hartley	-	34,145	( 34,145)	-
	B R Hartley	-	1,768	( 1,768)	-
		_______	_______	_______	_______
		-	35,913	( 35,913)	-
		_______	_______	_______	_______

Year ended 30/04/25
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	J E Hartley	-	-	-	-
	B R Hartley	-	-	-	-
		_______	_______	_______	_______

7. Related party transactions

The company is a wholly owned subsidiary of Kaleidex Limited and is part of the Kaleidex group. In accordance with the exemption in FRS 102, related-party transactions with and between wholly owned group companies have not been disclosed, as the directors consider that such transactions have been undertaken on normal commercial terms and that the financial statements give a true and fair view of the company’s results and financial position.

8. Controlling party

The immediate parent company of the company is Kaleidex Limited, a company registered in England and Wales. Kaleidex Limited is a wholly owned subsidiary of Kaleidex Group Limited, which is the smallest entity that prepares consolidated financial statements in which the results of Serrations Limited are included. Copies of the consolidated financial statements of Kaleidex Group Limited are available at its registered office, 85 Great Portland Street, First Floor, London, England, W1W 7LT. The ultimate controlling party of the group is Ansor Fund II GP LLP, a limited liability partnership registered in England and Wales.

9. Change in accounting period

During the year, the company was acquired by the Kaleidex group. As part of the reorganisation, the company’s accounting reference date was changed from 30 April 2026 to 31 December 2025 to align with the year end of the group. This change has resulted in a shortened accounting period. The directors consider that it better reflects the reporting framework of the enlarged group and facilitates the preparation of consolidated financial statements. The directors do not consider that the change has had any material effect on the financial statements other than the shortened period.

10. Basis of preparation (including going concern)

The financial statements have been prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK, and give a true and fair view of the state of affairs of the company and of its profit and loss for the period. The financial statements have been prepared on the historical cost basis, except for certain assets and liabilities measured at fair value where required by FRS 102. The financial statements have been prepared on a going concern basis, having regard to the results and financial position of the company and the support available from the group. The directors have concluded that there is no material uncertainty about the company’s ability to continue as a going concern for the foreseeable future.