Registered number
04779300
Senli Consultancy Ltd
Unaudited Filleted Accounts
31 May 2024
Senli Consultancy Ltd
Registered number: 04779300
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,777,956 1,784,516
Current assets
Stocks 568,186 343,617
Debtors 4 8,750 8,750
Cash at bank and in hand 521,791 404,649
1,098,727 757,016
Creditors: amounts falling due within one year 5 (266,054) (232,373)
Net current assets 832,673 524,643
Total assets less current liabilities 2,610,629 2,309,159
Creditors: amounts falling due after more than one year 6 (753,034) (805,624)
Net assets 1,857,595 1,503,535
Capital and reserves
Called up share capital 200 200
Profit and loss account 1,857,395 1,503,335
Shareholders' funds 1,857,595 1,503,535
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Z Chen
Director
Approved by the board on 21 February 2025
Senli Consultancy Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 12
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 1,764,836 49,327 1,814,163
At 31 May 2024 1,764,836 49,327 1,814,163
Depreciation
At 1 June 2023 - 29,647 29,647
Charge for the year - 6,560 6,560
At 31 May 2024 - 36,207 36,207
Net book value
At 31 May 2024 1,764,836 13,120 1,777,956
At 31 May 2023 1,764,836 19,680 1,784,516
4 Debtors 2024 2023
£ £
Other debtors 8,750 8,750
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 65,051 65,051
Taxation and social security costs 130,069 40,261
Other creditors 70,934 127,061
266,054 232,373
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 753,034 805,624
7 Other information
Senli Consultancy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16b High Street
Oxford
Oxfordshire
OX1 4AG
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