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REGISTRAR
Company registration number: 04165986
Sentrax Limited
Unaudited filleted financial statements
28 February 2024
Sentrax Limited
Contents
Statement of financial position
Notes to the financial statements
Sentrax Limited
Statement of financial position
28 February 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 5 251,250 251,250
_______ _______
251,250 251,250
Current assets
Debtors 6 325,000 325,000
Cash at bank and in hand 70 70
_______ _______
325,070 325,070
Creditors: amounts falling due
within one year 7 ( 586,412) ( 585,564)
_______ _______
Net current liabilities ( 261,342) ( 260,494)
_______ _______
Total assets less current liabilities ( 10,092) ( 9,244)
_______ _______
Net liabilities ( 10,092) ( 9,244)
_______ _______
Capital and reserves
Called up share capital 8 4,100 4,100
Profit and loss account ( 14,192) ( 13,344)
_______ _______
Shareholders deficit ( 10,092) ( 9,244)
_______ _______
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the board of directors and authorised for issue on 23 August 2024 , and are signed on behalf of the board by:
S.A. Goldstein
Director
Company registration number: 04165986
Sentrax Limited
Notes to the financial statements
Year ended 28 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, B16 9HN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
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. 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.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
5. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 March 2023 and 28 February 2024 251,250 251,250
_______ _______
Impairment
At 1 March 2023 and 28 February 2024 - -
_______ _______
Carrying amount
At 28 February 2024 251,250 251,250
_______ _______
At 28 February 2023 251,250 251,250
_______ _______
6. Debtors
2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 321,000 321,000
Other debtors 4,000 4,000
_______ _______
325,000 325,000
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 504,577 503,769
Other creditors 81,835 81,795
_______ _______
586,412 585,564
_______ _______
8. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares shares of £ 1.00 each 4,100 4,100 4,100 4,100
_______ _______ _______ _______