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
Sentiment Search Limited
Company Information
for the year ended 30 April 2024
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
Sentiment Search Limited
Statement of financial position
as at 30 April 2024
Tangible assets
5,113
2,390
Cash at bank and in hand
117,484
7,183
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)
Called up share capital
128
100
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
Sentiment Search Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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.
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.
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.
Sentiment Search Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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
At 30 April 2024
1,138
15,114
16,252
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
At 30 April 2024
417
4,696
5,113
At 30 April 2023
-
2,390
2,390
Amounts falling due within one year
Trade debtors
44,154
17,181
Accrued income and prepayments
961
14,667
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,065
3,989
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
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Creditors: amounts falling due after more than one year
2024
2023
Sentiment Search Limited
Notes to the Accounts
for the year ended 30 April 2024
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan Accounts
(41,732)
3,899
-
(37,833)
Directors' loans are interest-free and repayable on demand.
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Average number of employees
During the year the average number of employees was 3 (2023: 2).