Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07046671 Mr O A Babatunde iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07046671 2022-12-31 07046671 2023-12-31 07046671 2023-01-01 2023-12-31 07046671 frs-core:CurrentFinancialInstruments 2023-12-31 07046671 frs-core:Non-currentFinancialInstruments 2023-12-31 07046671 frs-core:FurnitureFittings 2023-12-31 07046671 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07046671 frs-core:FurnitureFittings 2022-12-31 07046671 frs-core:ShareCapital 2023-12-31 07046671 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07046671 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07046671 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07046671 frs-bus:SmallEntities 2023-01-01 2023-12-31 07046671 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07046671 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07046671 frs-bus:Director1 2023-01-01 2023-12-31 07046671 frs-countries:EnglandWales 2023-01-01 2023-12-31 07046671 2021-12-31 07046671 2022-12-31 07046671 2022-01-01 2022-12-31 07046671 frs-core:CurrentFinancialInstruments 2022-12-31 07046671 frs-core:Non-currentFinancialInstruments 2022-12-31 07046671 frs-core:ShareCapital 2022-12-31 07046671 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07046671
Senap Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Augustus & Co
Chartered Certified Accountants
374 Ley Street
Ilford
Essex
IG1 4AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07046671
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,791 1,568
1,791 1,568
CURRENT ASSETS
Stocks 5 101,800 104,500
Debtors 6 17,280 16,440
Cash at bank and in hand 4,669 14,416
123,749 135,356
Creditors: Amounts Falling Due Within One Year 7 (93,058 ) (116,675 )
NET CURRENT ASSETS (LIABILITIES) 30,691 18,681
TOTAL ASSETS LESS CURRENT LIABILITIES 32,482 20,249
Creditors: Amounts Falling Due After More Than One Year 8 (38,507 ) (48,273 )
NET LIABILITIES (6,025 ) (28,024 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (7,025 ) (29,024 )
SHAREHOLDERS' FUNDS (6,025) (28,024)
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr O A Babatunde
Director
23 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Senap Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07046671 . The registered office is 1 Temple Hill Square, Temple Hill, Dartford, DA1 5HY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Straight line
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 2,364
Additions 870
As at 31 December 2023 3,234
Depreciation
As at 1 January 2023 796
Provided during the period 647
As at 31 December 2023 1,443
Net Book Value
As at 31 December 2023 1,791
As at 1 January 2023 1,568
Page 3
Page 4
5. Stocks
2023 2022
£ £
Materials 101,800 104,500
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 14,744 10,774
Other debtors 2,536 5,666
17,280 16,440
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 23,028 45,076
Bank loans and overdrafts 10,660 10,894
Other taxes and social security 36,011 37,906
Other creditors 22,135 -
Director's loan account 1,224 22,799
93,058 116,675
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 13,507 23,273
Directors loan account 25,000 25,000
38,507 48,273
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4