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Company Registration No. 12478043 (England and Wales)
Senco Electrical Ltd Unaudited accounts for the period from 1 March 2023 to 28 February 2024
Senco Electrical Ltd Unaudited accounts Contents
Page
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Senco Electrical Ltd Company Information for the period from 1 March 2023 to 28 February 2024
Director
Benjamin Owen Senior
Company Number
12478043 (England and Wales)
Registered Office
6 OLD CASTLE CLOSE NEWPORT NP10 8GT WALES
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Senco Electrical Ltd for the period from 1 March 2023 to 28 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Senco Electrical Ltd for the period from 1 March 2023 to 28 February 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 11 March 2024
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Senco Electrical Ltd Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,925 
9,996 
Current assets
Debtors
12,615 
8,677 
Cash at bank and in hand
409 
810 
13,024 
9,487 
Creditors: amounts falling due within one year
(12,313)
(11,913)
Net current assets/(liabilities)
711 
(2,426)
Total assets less current liabilities
6,636 
7,570 
Creditors: amounts falling due after more than one year
(4,978)
(7,564)
Net assets
1,658 
6 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,657 
5 
Shareholders' funds
1,658 
6 
For the period ending 28 February 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 11 March 2024 and were signed on its behalf by
Benjamin Owen Senior Director Company Registration No. 12478043
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Senco Electrical Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
Senco Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 12478043. The registered office is 6 OLD CASTLE CLOSE, NEWPORT, NP10 8GT, WALES.
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 period, 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.
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.
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:
Motor vehicles
4 years straight line
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
16,285 
At 28 February 2024
16,285 
Depreciation
At 1 March 2023
6,289 
Charge for the period
4,071 
At 28 February 2024
10,360 
Net book value
At 28 February 2024
5,925 
At 28 February 2023
9,996 
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Senco Electrical Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,149 
8,211 
Other debtors
466 
466 
12,615 
8,677 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,087 
4,230 
Obligations under finance leases and hire purchase contracts
3,516 
3,516 
Taxes and social security
5,427 
3,117 
Loans from directors
233 
- 
Accruals
1,050 
1,050 
12,313 
11,913 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
4,978 
7,564 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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