Company No: 02737051 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	4,211		5,264
		4,211		5,264
Current assets
Stocks	4	53,210		43,831
Debtors	5	272,299		288,426
Cash at bank and in hand		511,491		179,394
		837,000		511,651
Creditors: amounts falling due within one year	6	( 486,381)		( 402,801)
Net current assets		350,619		108,850
Total assets less current liabilities		354,830		114,114
Net assets		354,830		114,114
Capital and reserves
Called-up share capital	7	3,292		3,292
Capital redemption reserve		1,708		1,708
Profit and loss account		349,830		109,114
Total shareholders' funds		354,830		114,114

For the financial year ending 31 August 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Servo Components & Systems Limited (registered number: 02737051) were approved and authorised for issue by the Board of Directors on 28 October 2025. They were signed on its behalf by:

Andrew Trevor Kettle Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Servo Components & Systems Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer and Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc.

20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		7

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 September 2024	65,415		65,415
At 31 August 2025	65,415		65,415
Accumulated depreciation
At 01 September 2024	60,151		60,151
Charge for the financial year	1,053		1,053
At 31 August 2025	61,204		61,204
Net book value
At 31 August 2025	4,211		4,211
At 31 August 2024	5,264		5,264

4. Stocks

	2025		2024
	£		£
Stocks	53,210		43,831

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

	2025		2024
	£		£
Trade debtors	260,195		213,730
Other debtors	12,104		74,696
	272,299		288,426

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	256,622		219,737
Taxation and social security	155,271		110,615
Other creditors	74,488		72,449
	486,381		402,801

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
3,292 Ordinary shares of £ 1.00 each	3,292		3,292