SENSE EIA Limited
Registered number: 09433614
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 918 309
Current assets
Debtors 4 90,484 36,341
Cash at bank and in hand 251 40,431
90,735 76,772
Creditors: amounts falling due within one year 5 (26,414) (7,449)
Net current assets 64,321 69,323
Total assets less current liabilities 65,239 69,632
Provisions for liabilities (243) (59)
Net assets 64,996 69,573
Capital and reserves
Called up share capital 100 100
Profit and loss account 64,896 69,473
Shareholders' funds 64,996 69,573
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Langley
Director
Approved by the board on 4 April 2024
SENSE EIA Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 section 1(a), The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the time incurred for work performed to date to the total estimated contract time.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 4,600
Additions 1,376
At 31 January 2024 5,976
Depreciation
At 1 February 2023 4,291
Charge for the year 767
At 31 January 2024 5,058
Net book value
At 31 January 2024 918
At 31 January 2023 309
4 Debtors 2024 2023
£ £
Directors' loan account 80,830 36,079
Other debtors 9,654 262
90,484 36,341
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 9,823 6,733
Other taxes and social security costs 214 16
Other creditors 16,377 700
26,414 7,449
6 Other information
SENSE EIA Limited is a private company limited by shares and incorporated in England. Its registered office is:
Basepoint Business Centre
Rivermead Drive
Swindon
Wilts
SN5 7EX
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