Silverfin false false 30/06/2024 01/07/2023 30/06/2024 W J D Camp 03/05/2016 A J Hurkett 03/05/2016 13 December 2024 The principal activity of the Company during the financial year was the manufacture, supply and installation of electronic products. 08177307 2024-06-30 08177307 bus:Director1 2024-06-30 08177307 bus:Director2 2024-06-30 08177307 2023-06-30 08177307 core:CurrentFinancialInstruments 2024-06-30 08177307 core:CurrentFinancialInstruments 2023-06-30 08177307 core:ShareCapital 2024-06-30 08177307 core:ShareCapital 2023-06-30 08177307 core:CapitalRedemptionReserve 2024-06-30 08177307 core:CapitalRedemptionReserve 2023-06-30 08177307 core:RetainedEarningsAccumulatedLosses 2024-06-30 08177307 core:RetainedEarningsAccumulatedLosses 2023-06-30 08177307 core:Goodwill 2023-06-30 08177307 core:OtherResidualIntangibleAssets 2023-06-30 08177307 core:Goodwill 2024-06-30 08177307 core:OtherResidualIntangibleAssets 2024-06-30 08177307 core:OtherPropertyPlantEquipment 2023-06-30 08177307 core:OtherPropertyPlantEquipment 2024-06-30 08177307 2023-07-01 2024-06-30 08177307 bus:FilletedAccounts 2023-07-01 2024-06-30 08177307 bus:SmallEntities 2023-07-01 2024-06-30 08177307 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08177307 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08177307 bus:Director1 2023-07-01 2024-06-30 08177307 bus:Director2 2023-07-01 2024-06-30 08177307 core:Goodwill core:TopRangeValue 2023-07-01 2024-06-30 08177307 core:OtherResidualIntangibleAssets core:TopRangeValue 2023-07-01 2024-06-30 08177307 core:Goodwill 2023-07-01 2024-06-30 08177307 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 08177307 core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 08177307 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-07-01 2024-06-30 08177307 2022-07-01 2023-06-30 08177307 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 08177307 (England and Wales)

SENTINOR LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

SENTINOR LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

SENTINOR LIMITED

BALANCE SHEET

As at 30 June 2024
SENTINOR LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 46,187 20,469
46,187 20,469
Current assets
Stocks 296,207 198,331
Debtors 5 77,244 151,787
Cash at bank and in hand 717,139 192,858
1,090,590 542,976
Creditors: amounts falling due within one year 6 ( 124,087) ( 77,337)
Net current assets 966,503 465,639
Total assets less current liabilities 1,012,690 486,108
Net assets 1,012,690 486,108
Capital and reserves
Called-up share capital 2,692 2,830
Capital redemption reserve 277 139
Profit and loss account 1,009,721 483,139
Total shareholders' funds 1,012,690 486,108

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Sentinor Limited (registered number: 08177307) were approved and authorised for issue by the Board of Directors on 13 December 2024. They were signed on its behalf by:

A J Hurkett
Director
SENTINOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
SENTINOR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sentinor Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sentinor House, Sharpham Road, Cheddar, BS27 3DR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises of the fair value of the consideration received or receivable for the sale of electronic products and provision of installation services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 7.62 years straight line
Other intangible assets 7.63 years straight line
Goodwill

Goodwill arising on the acquisition of business, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its useful economic life, which shall not exceed ten years if a reliable estimate cannot be made.

Research and development

Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is capitalised as an intangible asset and amortised over ten years.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade and other debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities are initially measured at fair value, net of transaction costs and subsequently at amortised cost using the effective interest method.

Ordinary share capital

The ordinary share capital of the Company is presented as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared

Defined contribution pension obligation

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 10

3. Intangible assets

Goodwill Other intangible assets Total
£ £ £
Cost
At 01 July 2023 50,000 35,221 85,221
At 30 June 2024 50,000 35,221 85,221
Accumulated amortisation
At 01 July 2023 50,000 35,221 85,221
At 30 June 2024 50,000 35,221 85,221
Net book value
At 30 June 2024 0 0 0
At 30 June 2023 0 0 0

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 July 2023 94,779 94,779
Additions 33,885 33,885
Disposals ( 12,459) ( 12,459)
At 30 June 2024 116,205 116,205
Accumulated depreciation
At 01 July 2023 74,310 74,310
Charge for the financial year 7,076 7,076
Disposals ( 11,368) ( 11,368)
At 30 June 2024 70,018 70,018
Net book value
At 30 June 2024 46,187 46,187
At 30 June 2023 20,469 20,469

5. Debtors

2024 2023
£ £
Trade debtors 45,053 125,999
Other debtors 32,191 25,788
77,244 151,787

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 41,661 24,932
Other taxation and social security 60,621 27,978
Other creditors 21,805 24,427
124,087 77,337