1 June 2022 false No description of principal activity Taxfiler 2023.14 01998321business:PrivateLimitedCompanyLtd2022-06-012023-05-31 019983212022-05-31 019983212022-06-012023-05-31 01998321business:AuditExemptWithAccountantsReport2022-06-012023-05-31 01998321business:FilletedAccounts2022-06-012023-05-31 019983212023-05-31 019983212022-05-31 01998321core:WithinOneYear2023-05-31 01998321core:WithinOneYear2022-05-31 01998321core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 01998321core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 01998321core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-05-31 01998321core:CapitalRedemptionReservecore:PreviouslyStatedAmount2022-05-31 01998321core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 01998321core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 01998321core:PreviouslyStatedAmount2023-05-31 01998321core:PreviouslyStatedAmount2022-05-31 01998321business:SmallEntities2022-06-012023-05-31 01998321business:Director12022-06-012023-05-31 01998321countries:EnglandWales2022-06-012023-05-31 01998321business:RegisteredOffice2022-06-012023-05-31 01998321core:MotorVehicles2022-06-012023-05-31 01998321core:FurnitureFittings2022-06-012023-05-31 01998321core:ComputerEquipment2022-06-012023-05-31 01998321core:MotorVehicles2022-05-31 01998321core:FurnitureFittings2022-05-31 01998321core:ComputerEquipment2022-05-31 01998321core:MotorVehicles2023-05-31 01998321core:FurnitureFittings2023-05-31 01998321core:ComputerEquipment2023-05-31 01998321business:OrdinaryShareClass12022-06-012023-05-31 01998321business:OrdinaryShareClass12021-06-012022-05-31 01998321core:BetweenOneFiveYears2023-05-31 01998321core:BetweenOneFiveYears2022-05-31 019983212021-06-012022-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 01998321 (England and Wales)
Sentridge Limited Unaudited accounts for the year ended 31 May 2023
Sentridge Limited Unaudited accounts Contents
Page
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Sentridge Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
98,042 
63,814 
Current assets
Inventories
195,019 
171,658 
Debtors
267,623 
226,741 
Cash at bank and in hand
405,927 
370,981 
868,569 
769,380 
Creditors: amounts falling due within one year
(512,813)
(551,656)
Net current assets
355,756 
217,724 
Total assets less current liabilities
453,798 
281,538 
Provisions for liabilities
Deferred tax
(22,000)
(8,000)
Net assets
431,798 
273,538 
Capital and reserves
Called up share capital
3,978 
3,978 
Capital redemption reserve
8,548 
8,548 
Profit and loss account
419,272 
261,012 
Shareholders' funds
431,798 
273,538 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 February 2024 and were signed on its behalf by
G Hickman Director Company Registration No. 01998321
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Sentridge Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Sentridge Limited is a private company, limited by shares, registered in England and Wales, registration number 01998321. The registered office is 45 Hood Street, Coventry, CV1 5PX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25 % - reducing balance
Fixtures & fittings
15 % - reducing balance
Computer equipment
33 % - straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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Sentridge Limited Notes to the Accounts for the year ended 31 May 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
118,766 
53,899 
45,754 
218,419 
Additions
64,180 
- 
871 
65,051 
Disposals
(30,899)
- 
- 
(30,899)
At 31 May 2023
152,047 
53,899 
46,625 
252,571 
Depreciation
At 1 June 2022
65,174 
46,222 
43,209 
154,605 
Charge for the year
14,148 
1,392 
2,520 
18,060 
On disposals
(18,136)
- 
- 
(18,136)
At 31 May 2023
61,186 
47,614 
45,729 
154,529 
Net book value
At 31 May 2023
90,861 
6,285 
896 
98,042 
At 31 May 2022
53,592 
7,677 
2,545 
63,814 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
264,994 
224,363 
Other debtors
2,629 
2,378 
267,623 
226,741 
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Sentridge Limited Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
292,096 
240,159 
Taxes and social security
77,920 
87,713 
Other creditors
141,583 
211,505 
Loans from directors
1,214 
12,279 
512,813 
551,656 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
3,978 Ordinary shares of £1 each
3,978 
3,978 
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 May 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
31,500 
31,500 
Later than one year and not later than five years
31,500 
63,000 
63,000 
94,500 
9
Transactions with related parties
There were no related party transactions this year. (2022: At the 30 May 2022 the company purchased and cancelled 4,863 of its ordinary £1 issued share capital for the sum of £500,000, pursuant to section 690 of the Companies Act 2006 and the company's articles of association).
10
Average number of employees
During the year the average number of employees was 18 (2022: 19).
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