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REGISTERED NUMBER: 10836217 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SENSO (UK) DESIGNS LIMITED

SENSO (UK) DESIGNS LIMITED (REGISTERED NUMBER: 10836217)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SENSO (UK) DESIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: D W Bols



REGISTERED OFFICE: 483 Green Lanes
London
N13 4BS



REGISTERED NUMBER: 10836217 (England and Wales)



SENIOR STATUTORY AUDITOR: Indra Giri



AUDITORS: Makesworth Audit Services Ltd
Unit 101
First Floor, Cervantes House
5-9 Headstone Road
Harrow
HA1 1PD

SENSO (UK) DESIGNS LIMITED (REGISTERED NUMBER: 10836217)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Property, plant and equipment 4 9,050 13,377

CURRENT ASSETS
Inventories 138,853 73,601
Debtors 5 570,032 726,609
Cash at bank 15,948 48,548
724,833 848,758
CREDITORS
Amounts falling due within one year 6 (967,615 ) (978,467 )
NET CURRENT LIABILITIES (242,782 ) (129,709 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(233,732

)

(116,332

)

CREDITORS
Amounts falling due after more than one
year

7

2,968

9,281

PROVISIONS FOR LIABILITIES 2,262 3,343

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings (258,962 ) (148,956 )
SHAREHOLDERS' FUNDS (238,962 ) (128,956 )
(233,732 ) (116,332 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2024 and were signed by:





D W Bols - Director


SENSO (UK) DESIGNS LIMITED (REGISTERED NUMBER: 10836217)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Senso (UK) Designs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The director considers that in preparing the financial statements he has taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost
Office equipment - 20% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

SENSO (UK) DESIGNS LIMITED (REGISTERED NUMBER: 10836217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Improvements and Office
to property fittings equipment Totals
£ £ £ £
COST
At 1 January 2023 18,773 25,843 8,586 53,202
Additions - - 933 933
At 31 December 2023 18,773 25,843 9,519 54,135
DEPRECIATION
At 1 January 2023 17,833 15,969 6,023 39,825
Charge for year 748 3,343 1,169 5,260
At 31 December 2023 18,581 19,312 7,192 45,085
NET BOOK VALUE
At 31 December 2023 192 6,531 2,327 9,050
At 31 December 2022 940 9,874 2,563 13,377

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 191,793 157,304
Other debtors 378,239 569,305
570,032 726,609

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 35,530 60,692
Amounts owed to group undertakings 650,867 585,784
Taxation and social security 29,761 25,673
Other creditors 251,457 306,318
967,615 978,467

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Other creditors 2,968 9,281

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Indra Giri (Senior Statutory Auditor)
for and on behalf of Makesworth Audit Services Ltd