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 2022

SUPERSERVICE LIMITED

Statement of Financial Position

31 December 2022

	2022		2021
Note	£	£	£

Fixed assets

Tangible assets	5		4,362	5,552

Current assets

Stocks		12,473	10,922
Debtors	6	306,190	312,745
Cash at bank and in hand		47,252	38,651
		---------	---------
		365,915	362,318

Creditors: amounts falling due within one year	7	61,385		74,313
		---------		---------
Net current assets			304,530	288,005
			---------	---------
Total assets less current liabilities			308,892	293,557
			---------	---------
Net assets			308,892	293,557
			---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	308,890	293,555
	---------	---------
Shareholders funds	308,892	293,557
	---------	---------

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 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.

These financial statements were approved by the board of directors and authorised for issue on 2 November 2023 , and are signed on behalf of the board by:

Mrs H Klein

Director

Company registration number: 03412690

SUPERSERVICE LIMITED

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.

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.

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 8 (2021: 8 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2022	92,723	13,351	106,074
Additions	5,082	–	5,082
	--------	--------	---------
At 31 December 2022	97,805	13,351	111,156
	--------	--------	---------
Depreciation
At 1 January 2022	89,882	10,640	100,522
Charge for the year	3,602	2,670	6,272
	--------	--------	---------
At 31 December 2022	93,484	13,310	106,794
	--------	--------	---------
Carrying amount
At 31 December 2022	4,321	41	4,362
	--------	--------	---------
At 31 December 2021	2,841	2,711	5,552
	--------	--------	---------

6. Debtors

	2022	2021
	£	£
Other debtors	306,190	312,745
	---------	---------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loans and overdrafts	34,167	44,064
Trade creditors	20,190	11,492
Social security and other taxes	1,640	1,659
Other creditors	5,388	17,098
	--------	--------
	61,385	74,313
	--------	--------

8. Summary audit opinion

The auditor's report for the year dated 2 November 2023 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.