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Company Registration No. 09529131 (England and Wales)
Sentiment Search Limited Unaudited accounts for the year ended 30 April 2024
Sentiment Search Limited Unaudited accounts Contents
Page
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Sentiment Search Limited Company Information for the year ended 30 April 2024
Director
Prithvi Dhanda
Company Number
09529131 (England and Wales)
Registered Office
51 Naxos Building 4 Hutchings Street London E14 8JR England
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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Sentiment Search Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,113 
2,390 
Current assets
Debtors
45,115 
31,848 
Cash at bank and in hand
117,484 
7,183 
162,599 
39,031 
Creditors: amounts falling due within one year
(92,756)
(75,213)
Net current assets/(liabilities)
69,843 
(36,182)
Total assets less current liabilities
74,956 
(33,792)
Creditors: amounts falling due after more than one year
(4,548)
(8,604)
Net assets/(liabilities)
70,408 
(42,396)
Capital and reserves
Called up share capital
128 
100 
Share premium
188,812 
- 
Capital contribution reserve
- 
53,840 
Profit and loss account
(118,532)
(96,336)
Shareholders' funds
70,408 
(42,396)
For the year ending 30 April 2024 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 30 August 2024 and were signed on its behalf by
Prithvi Dhanda Director Company Registration No. 09529131
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Sentiment Search Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Sentiment Search Limited is a private company, limited by shares, registered in England and Wales, registration number 09529131. The registered office is 51 Naxos Building, 4 Hutchings Street, London, E14 8JR, England.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the
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:
Fixtures & fittings
25%
Computer equipment
25%
Turnover
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. 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 costs incurred for work performed to date to the total estimated contract costs.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Research and Development tax credit
During the prior year, Sentiment Search Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Income Statement in line with disclosure requirements under FRS102.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Sentiment Search Limited Notes to the Accounts for the year ended 30 April 2024
Pension costs
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.
Foreign exchange
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.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
693 
11,290 
11,983 
Additions
445 
3,824 
4,269 
At 30 April 2024
1,138 
15,114 
16,252 
Depreciation
At 1 May 2023
693 
8,900 
9,593 
Charge for the year
28 
1,518 
1,546 
At 30 April 2024
721 
10,418 
11,139 
Net book value
At 30 April 2024
417 
4,696 
5,113 
At 30 April 2023
- 
2,390 
2,390 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
44,154 
17,181 
Accrued income and prepayments
961 
14,667 
45,115 
31,848 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,065 
3,989 
VAT
6,586 
3,500 
Trade creditors
2,856 
3,000 
Taxes and social security
2,933 
1,354 
Other creditors
6,510 
12,267 
Loans from directors
37,833 
41,732 
Deferred income
31,973 
9,371 
92,756 
75,213 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,548 
8,604 
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Sentiment Search Limited Notes to the Accounts for the year ended 30 April 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
128,221 Ordinary shares of £0.001 each
128.22 
100.00 
Shares issued during the period:
28,221 Ordinary shares of £0.001 each
28.22 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Prithvi Dhanda
Director's Loan Accounts
(41,732)
3,899 
- 
(37,833)
(41,732)
3,899 
- 
(37,833)
Directors' loans are interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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