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COMPANY REGISTRATION NUMBER: 04917354
Sentaford Ltd
Filleted Unaudited Financial Statements
30 November 2023
Sentaford Ltd
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
448
679
Current assets
Investments
6
1
1
Cash at bank and in hand
1,860
1,276
-------
-------
1,861
1,277
Creditors: amounts falling due within one year
7
21,032
11,249
--------
--------
Net current liabilities
19,171
9,972
--------
-------
Total assets less current liabilities
( 18,723)
( 9,293)
Creditors: amounts falling due after more than one year
8
11,495
15,748
--------
--------
Net liabilities
( 30,218)
( 25,041)
--------
--------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
( 31,218)
( 26,041)
--------
--------
Shareholders deficit
( 30,218)
( 25,041)
--------
--------
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.
For the year ending 30th November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Sentaford Ltd
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 20 August 2024 , and are signed on behalf of the board by:
Mr A. Blakey
Director
Company registration number: 04917354
Sentaford Ltd
Notes to the Financial Statements
Year ended 30th November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 51 Chillingham Drive, Waldridge Walk, Chester Le Street, County Durham, DH2 3TJ.
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.
Revenue recognition
The turnover shown in the profit and loss account represents commissions due from the sale of holidays during the year, exclusive of VAT.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax that the company is expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
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:
Motor Vehicles
-
25% reducing balance
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Staff costs
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
The aggregate employment costs incurred during the year were:
2023
2022
£
£
Wages and salaries
14,820
3,706
Other pension costs
70
12
--------
-------
14,890
3,718
--------
-------
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1st December 2022 and 30th November 2023
7,399
19,046
26,445
-------
--------
--------
Depreciation
At 1st December 2022
7,226
18,540
25,766
Charge for the year
43
188
231
-------
--------
--------
At 30th November 2023
7,269
18,728
25,997
-------
--------
--------
Carrying amount
At 30th November 2023
130
318
448
-------
--------
--------
At 30th November 2022
173
506
679
-------
--------
--------
6. Investments
2023
2022
£
£
Other investments
1
1
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
4,252
4,252
Social security and other taxes
2,477
550
Credit Card
329
104
Other creditors
13,974
6,343
--------
--------
21,032
11,249
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
11,495
15,748
--------
--------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr A. Blakey
( 2,725)
( 3,840)
( 6,565)
Mrs J. Blakey
( 2,726)
( 3,840)
( 6,566)
-------
-------
--------
( 5,451)
( 7,680)
( 13,131)
-------
-------
--------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr A. Blakey
( 2,318)
( 407)
( 2,725)
Mrs J. Blakey
( 2,318)
( 408)
( 2,726)
-------
----
-------
( 4,636)
( 815)
( 5,451)
-------
----
-------
10. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard For Smaller Entities.