Company Registration No. 01998321 (England and Wales)
Sentridge Limited
Unaudited accounts
for the year ended 31 May 2023
Sentridge Limited
Unaudited accounts
Contents
Sentridge Limited
Statement of financial position
as at 31 May 2023
Tangible assets
98,042
63,814
Inventories
195,019
171,658
Cash at bank and in hand
405,927
370,981
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
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
Sentridge Limited
Notes to the Accounts
for the year ended 31 May 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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 have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
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.
Sentridge Limited
Notes to the Accounts
for the year ended 31 May 2023
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 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.
Expenditure on research and development is written off in the year in which it is incurred.
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.
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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
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
At 31 May 2023
90,861
6,285
896
98,042
At 31 May 2022
53,592
7,677
2,545
63,814
Amounts falling due within one year
Trade debtors
264,994
224,363
Sentridge Limited
Notes to the Accounts
for the year ended 31 May 2023
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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
Allotted, called up and fully paid:
3,978 Ordinary shares of £1 each
3,978
3,978
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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
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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).
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Average number of employees
During the year the average number of employees was 18 (2022: 19).