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REGISTERED NUMBER: 10836217 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

SENSO (UK) DESIGNS LIMITED

SENSO (UK) DESIGNS LIMITED (REGISTERED NUMBER: 10836217)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SENSO (UK) DESIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: D W Bols



REGISTERED OFFICE: 483 Green Lanes
London
N13 4BS



REGISTERED NUMBER: 10836217 (England and Wales)



SENIOR STATUTORY AUDITOR: Indra Giri



AUDITORS: Makesworth Audit Services Ltd
Unit 101
First Floor, Cervantes House
5-9 Headstone Road
Harrow
HA1 1PD

SENSO (UK) DESIGNS LIMITED (REGISTERED NUMBER: 10836217)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 13,377 21,409

CURRENT ASSETS
Inventories 73,601 52,639
Debtors 5 726,609 917,220
Cash at bank 48,548 21,191
848,758 991,050
CREDITORS
Amounts falling due within one year 6 978,467 998,832
NET CURRENT LIABILITIES (129,709 ) (7,782 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(116,332

)

13,627

CREDITORS
Amounts falling due after more than one
year

7

9,281

43,718

PROVISIONS FOR LIABILITIES 3,343 5,351

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings (148,956 ) (55,442 )
SHAREHOLDERS' FUNDS (128,956 ) (35,442 )
(116,332 ) 13,627

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





D W Bols - Director


SENSO (UK) DESIGNS LIMITED (REGISTERED NUMBER: 10836217)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Senso (UK) Designs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost
Office equipment - 20% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

SENSO (UK) DESIGNS LIMITED (REGISTERED NUMBER: 10836217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2022 18,773 25,843 7,519 52,135
Additions - - 1,067 1,067
At 31 December 2022 18,773 25,843 8,586 53,202
DEPRECIATION
At 1 January 2022 15,331 10,945 4,450 30,726
Charge for year 2,502 5,024 1,573 9,099
At 31 December 2022 17,833 15,969 6,023 39,825
NET BOOK VALUE
At 31 December 2022 940 9,874 2,563 13,377
At 31 December 2021 3,442 14,898 3,069 21,409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 157,304 223,564
Other debtors 569,305 693,656
726,609 917,220

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 60,692 133,834
Amounts owed to group undertakings 585,784 534,288
Taxation and social security 25,673 34,626
Other creditors 306,318 296,084
978,467 998,832

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Other creditors 9,281 43,718

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year - 46,312

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Indra Giri (Senior Statutory Auditor)
for and on behalf of Makesworth Audit Services Ltd