Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-318false2023-06-01falseArchitectural design8truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03780616 2023-06-01 2024-05-31 03780616 2022-06-01 2023-05-31 03780616 2024-05-31 03780616 2023-05-31 03780616 c:Director2 2023-06-01 2024-05-31 03780616 d:Buildings 2023-06-01 2024-05-31 03780616 d:Buildings 2024-05-31 03780616 d:Buildings 2023-05-31 03780616 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03780616 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 03780616 d:FurnitureFittings 2023-06-01 2024-05-31 03780616 d:ComputerEquipment 2023-06-01 2024-05-31 03780616 d:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 03780616 d:OtherPropertyPlantEquipment 2024-05-31 03780616 d:OtherPropertyPlantEquipment 2023-05-31 03780616 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03780616 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 03780616 d:CurrentFinancialInstruments 2024-05-31 03780616 d:CurrentFinancialInstruments 2023-05-31 03780616 d:Non-currentFinancialInstruments 2024-05-31 03780616 d:Non-currentFinancialInstruments 2023-05-31 03780616 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 03780616 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 03780616 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 03780616 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 03780616 d:ShareCapital 2024-05-31 03780616 d:ShareCapital 2023-05-31 03780616 d:RetainedEarningsAccumulatedLosses 2024-05-31 03780616 d:RetainedEarningsAccumulatedLosses 2023-05-31 03780616 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-05-31 03780616 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 03780616 c:FRS102 2023-06-01 2024-05-31 03780616 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03780616 c:FullAccounts 2023-06-01 2024-05-31 03780616 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03780616 2 2023-06-01 2024-05-31 03780616 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 03780616






SENKENKEN LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










img2491.png

 
SENKENKEN LIMITED
REGISTERED NUMBER:03780616

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,061
9,896

  
7,061
9,896

Current assets
  

Debtors
 6 
143,483
160,360

Cash at bank and in hand
 7 
202,734
271,708

  
346,217
432,068

Creditors: amounts falling due within one year
 8 
(169,753)
(191,706)

Net current assets
  
 
 
176,464
 
 
240,362

Total assets less current liabilities
  
183,525
250,258

Creditors: amounts falling due after more than one year
 9 
-
(20,834)

Provisions for liabilities
  

Deferred tax
  
(1,341)
(1,272)

  
 
 
(1,341)
 
 
(1,272)

Net assets
  
182,184
228,152


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
182,084
228,052

  
182,184
228,152


Page 1

 
SENKENKEN LIMITED
REGISTERED NUMBER:03780616
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 February 2025.




A Ferenczi
Director

Page 2

 
SENKENKEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Senkenken Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is The Mill, Stortford Road, Hatfield Heath, Essex, CM22 7DL.
The principal activity of the company continued to be that of architectural design. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
SENKENKEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

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 payment obligations.

The contributions are recognised as an expense in profit or loss 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.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SENKENKEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis and straight line basis.

Depreciation is provided on the following basis:

L/Term Leasehold Property
-
10 years straight line
Fixtures & fittings
-
25% reducing balance
Computer equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Page 5

 
SENKENKEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)


Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 6

 
SENKENKEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 June 2023
32,000
36,364
68,364


Additions
-
2,450
2,450



At 31 May 2024

32,000
38,814
70,814



Depreciation


At 1 June 2023
28,800
29,668
58,468


Charge for the year on owned assets
3,200
2,085
5,285



At 31 May 2024

32,000
31,753
63,753



Net book value



At 31 May 2024
-
7,061
7,061



At 31 May 2023
3,200
6,696
9,896


5.


Stocks




Page 7

 
SENKENKEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors


2024
2023
£
£



Trade debtors
121,780
138,452

Other debtors
9,765
10,796

Prepayments and accrued income
11,938
11,112

143,483
160,360



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
202,734
271,708

202,734
271,708



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
10,000

Trade creditors
17,031
11,761

Other taxation and social security
33,544
76,859

Other creditors
91,553
27,318

Accruals and deferred income
27,625
65,768

169,753
191,706



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
20,834

-
20,834


Page 8

 
SENKENKEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
202,734
202,734




Financial assets measured at fair value through profit or loss comprise...


11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £29,688 (2023: £7,221). Contributions totalling £2,538 (2023: £4,562) were payable to the fund at the balance sheet date. 

 
Page 9