Sensory Technologies UK Holdings Limited 08927211 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the ongoing development of a project with St Luke's Hospice in Sheffield, England and further business development within the UK. Digita Accounts Production Advanced 6.30.9574.0 true true false true 08927211 2023-01-01 2023-12-31 08927211 2023-12-31 08927211 core:RetainedEarningsAccumulatedLosses 2023-12-31 08927211 core:ShareCapital 2023-12-31 08927211 core:CurrentFinancialInstruments 2023-12-31 08927211 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08927211 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 08927211 core:Goodwill 2023-12-31 08927211 core:CostValuation 2023-12-31 08927211 core:OfficeEquipment 2023-12-31 08927211 bus:SmallEntities 2023-01-01 2023-12-31 08927211 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08927211 bus:FullAccounts 2023-01-01 2023-12-31 08927211 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08927211 bus:Director1 2023-01-01 2023-12-31 08927211 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08927211 core:IntangibleAssetsOtherThanGoodwill 2023-01-01 2023-12-31 08927211 core:OfficeEquipment 2023-01-01 2023-12-31 08927211 1 2023-01-01 2023-12-31 08927211 countries:AllCountries 2023-01-01 2023-12-31 08927211 core:Goodwill 2022-12-31 08927211 core:CostValuation 2022-12-31 08927211 core:OfficeEquipment 2022-12-31 08927211 2022-01-01 2022-12-31 08927211 2022-12-31 08927211 core:RetainedEarningsAccumulatedLosses 2022-12-31 08927211 core:ShareCapital 2022-12-31 08927211 core:CurrentFinancialInstruments 2022-12-31 08927211 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08927211 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 08927211 core:Goodwill 2022-12-31 08927211 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 08927211

Sensory Technologies UK Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Sensory Technologies UK Holdings Limited

(Registration number: 08927211)

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

5

1,294

1,294

Current assets

 

Debtors

6

241,099

276,898

Cash at bank and in hand

 

31,564

3,352

 

272,663

280,250

Creditors: Amounts falling due within one year

7

(2,000)

(2,923)

Net current assets

 

270,663

277,327

Total assets less current liabilities

 

271,957

278,621

Creditors: Amounts falling due after more than one year

7

(1,154,848)

(1,113,493)

Net liabilities

 

(882,891)

(834,872)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(882,892)

(834,873)

Shareholders' deficit

 

(882,891)

(834,872)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 4 April 2024
 

 

Sensory Technologies UK Holdings Limited

(Registration number: 08927211)

Balance Sheet as at 31 December 2023 (continued)

.........................................

P Blanshard
Director

 

Sensory Technologies UK Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

Accounting policies

Statutory information

Sensory Technologies UK Holdings Limited is a private company, limited by shares, domiciled in England and Wales, company number 08927211. The registered office is at 1 Fleet Place, London, EC4M 7WS.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, including the continued support of Sensory Technologies Inc, a connected group company incorporated in Canada, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover is the revenue arising from the Business and domestic software development, information technology consultancy activities, other information technology service activities and data processing, hosting and related activities falling within the Company's ordinary activities. It is stated at the fair value of the consideration receivable, net of tax and discounts.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, adjusted for foreign currency exchange movements, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Sensory Technologies UK Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

1

Accounting policies (continued)

Asset class

Depreciation method and rate

Computer equipment

25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, adjusted for foreign currency exchange movements, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Incorporation costs

5 years on a straight line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Sensory Technologies UK Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

3

Intangible assets

Incorporation cost
 £

Cost or valuation

At 1 January 2023

1,890

At 31 December 2023

1,890

Amortisation

At 1 January 2023

1,890

At 31 December 2023

1,890

Carrying amount

At 31 December 2023

-

At 31 December 2022

-

4

Tangible assets

Computer equipment
£

Cost or valuation

At 1 January 2023

1,132

At 31 December 2023

1,132

Depreciation

At 1 January 2023

1,132

At 31 December 2023

1,132

Carrying amount

At 31 December 2023

-

At 31 December 2022

-

 

Sensory Technologies UK Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

5

Investments

2023
£

2022
£

Investments in subsidiaries

1,294

1,294

Subsidiaries

£

Cost or valuation

At 1 January 2023

1,294

At 31 December 2023

1,294

Carrying amount

At 31 December 2023

1,294

At 31 December 2022

1,294

6

Debtors

2023
£

2022
£

Trade debtors

1,000

-

Amounts owed by group undertakings

240,099

276,898

241,099

276,898

 

Sensory Technologies UK Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

7

Creditors

2023
£

2022
£

Due within one year

Trade creditors

-

618

Accruals and deferred income

2,000

2,305

2,000

2,923

2023
£

2022
£

Due after one year

Amounts owed to group undertakings

1,154,848

1,113,493

8

Related party transactions

At the balance sheet date an amount of £240,099 (2022: £276,898) was due from Sensory Technologies SAS. At the balance sheet date an amount of £1,154,848 (2022: £1,113,493) was due to Sensory Technologies Inc. Both of these loans are interest free.

9

Parent and ultimate parent undertaking

The company's immediate parent and controlling party is Sensory Technologies Inc, incorporated in Canada.