SUPERSERVICE LIMITED Filleted accounts for Companies House (small and micro)

SUPERSERVICE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03412690

SUPERSERVICE LIMITED

Filleted Financial Statements

31 December 2019

SUPERSERVICE LIMITED

Statement of Financial Position

31 December 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	5		4,949	7,532

Current assets

Stocks		7,113	11,375
Debtors	6	246,501	229,197
Cash at bank and in hand		41,263	41,824
		---------	---------
		294,877	282,396

Creditors: amounts falling due within one year	7	52,975		43,459
		---------		---------
Net current assets			241,902	238,937
			---------	---------
Total assets less current liabilities			246,851	246,469
			---------	---------
Net assets			246,851	246,469
			---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	246,849	246,467
	---------	---------
Shareholders funds	246,851	246,469
	---------	---------

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 statement of income and retained earnings has not been delivered.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 23 September 2020 , and are signed on behalf of the board by:

Mr A Bendahan
Director

Company registration number: 03412690

SUPERSERVICE LIMITED

Notes to the Financial Statements

Year ended 31 December 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tudor House, Llanvanor Road, London, NW2 2AQ.

2. Statement of compliance

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

Revenue recognition

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Tangible assets

Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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	-	15% straight line
Fixtures and fittings	-	20% straight line

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 stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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 .

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2018: 11 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2019 and 31 December 2019	89,382	12,919	102,301
	--------	--------	---------
Depreciation
At 1 January 2019	89,381	5,388	94,769
Charge for the year	–	2,583	2,583
	--------	--------	---------
At 31 December 2019	89,381	7,971	97,352
	--------	--------	---------
Carrying amount
At 31 December 2019	1	4,948	4,949
	--------	--------	---------
At 31 December 2018	1	7,531	7,532
	--------	--------	---------

6. Debtors

	2019	2018
	£	£
Other debtors	246,501	229,197
	---------	---------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Bank loans and overdrafts	–	581
Trade creditors	40,886	34,676
Social security and other taxes	1,709	1,710
Other creditors - net wages	1,392	1,392
Other creditors	8,988	5,100
	--------	--------
	52,975	43,459
	--------	--------

8. Summary audit opinion

The auditor's report for the year dated 23 September 2020 was unqualified.

The senior statutory auditor was Phillip Smulovitch , for and on behalf of GK & Co. LLP .

9. Controlling party

The ultimate parent company is Richtone Developments Ltd., a company incorporated in British Virgin Islands.