1 February 2023 false No description of principal activity Taxfiler 2024.6 true 12693245business:PrivateLimitedCompanyLtd2023-02-012024-01-31 126932452023-01-31 126932452023-02-012024-01-31 12693245business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 12693245business:FilletedAccounts2023-02-012024-01-31 126932452024-01-31 12693245business:Director12023-02-012024-01-31 12693245business:Director22023-02-012024-01-31 126932452023-01-31 12693245core:WithinOneYear2024-01-31 12693245core:WithinOneYear2023-01-31 12693245core:AfterOneYear2024-01-31 12693245core:AfterOneYear2023-01-31 12693245core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 12693245core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 12693245core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 12693245core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 12693245core:PreviouslyStatedAmount2024-01-31 12693245core:PreviouslyStatedAmount2023-01-31 12693245business:SmallEntities2023-02-012024-01-31 12693245countries:EnglandWales2023-02-012024-01-31 12693245core:OtherPropertyPlantEquipment2023-02-012024-01-31 12693245core:IntangibleAssetsOtherThanGoodwill2023-01-31 12693245core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-31 12693245core:IntangibleAssetsOtherThanGoodwill2024-01-31 126932452022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 12693245 (England and Wales)
SEN Professional Software Ltd Unaudited accounts for the year ended 31 January 2024
SEN Professional Software Ltd Unaudited accounts Contents
Page
- 2 -
SEN Professional Software Ltd Company Information for the year ended 31 January 2024
Directors
Laurent Bannock Sarah Bannock
Company Number
12693245 (England and Wales)
- 3 -
SEN Professional Software Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
43,403 
30,103 
Current assets
Debtors
2,751 
6,451 
Cash at bank and in hand
(7,211)
- 
(4,460)
6,451 
Creditors: amounts falling due within one year
(38,892)
(16,997)
Net current liabilities
(43,352)
(10,546)
Total assets less current liabilities
51 
19,557 
Creditors: amounts falling due after more than one year
- 
(39,179)
Net assets/(liabilities)
51 
(19,622)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(49)
(19,722)
Shareholders' funds
51 
(19,622)
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Laurent Bannock Director Company Registration No. 12693245
- 4 -
SEN Professional Software Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
SEN Professional Software Ltd is a private company, limited by shares, registered in England and Wales, registration number 12693245.
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 directors believe that the company is experiencing good levels of sales growth and profitability and that it is well-placed to manage its business risk successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing these financial statements.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign exchange
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
- 5 -
SEN Professional Software Ltd Notes to the Accounts for the year ended 31 January 2024
Intangible fixed assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible fixed assets and amortisation & depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Other tangible fixed assets
10-20% straight line
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
41,725 
Additions
19,846 
At 31 January 2024
61,571 
Amortisation
At 1 February 2023
11,622 
Charge for the year
6,546 
At 31 January 2024
18,168 
Net book value
At 31 January 2024
43,403 
At 31 January 2023
30,103 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,159 
6,451 
Accrued income and prepayments
592 
- 
2,751 
6,451 
- 6 -
SEN Professional Software Ltd Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,912 
4,537 
Trade creditors
4,276 
2,609 
Amounts owed to group undertakings and other participating interests
20,275 
- 
Taxes and social security
1,084 
416 
Other creditors
4,305 
9,435 
Accruals
2,040 
- 
38,892 
16,997 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
39,179 
8
Transactions with related parties
The company has taken advantage of the exemption in Section 33 of Financial Reporting Standard 102 from the requirement to disclose transactions with wholly owned companies within the group.
9
Controlling party
The company is a wholly owned subsidiary undertaking of The IOPN Ltd, company number 07710171, registered in England & Wales.
10
Average number of employees
During the year the average number of employees was 2 (2023: 3).
- 7 -