Company Registration No. 01998321 (England and Wales)
Sentridge Limited
Unaudited accounts
for the year ended 31 May 2024
Sentridge Limited
Unaudited accounts
Contents
Sentridge Limited
Statement of financial position
as at 31 May 2024
Tangible assets
101,473
98,042
Inventories
149,573
195,019
Cash at bank and in hand
421,973
405,927
Creditors: amounts falling due within one year
(440,283)
(512,813)
Net current assets
468,128
355,756
Total assets less current liabilities
569,601
453,798
Provisions for liabilities
Deferred tax
(16,500)
(22,000)
Net assets
553,101
431,798
Called up share capital
3,978
3,978
Capital redemption reserve
8,548
8,548
Profit and loss account
540,575
419,272
Shareholders' funds
553,101
431,798
For the year ending 31 May 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 25 February 2025 and were signed on its behalf by
G Hickman
Director
Company Registration No. 01998321
Sentridge Limited
Notes to the Accounts
for the year ended 31 May 2024
Sentridge Limited is a private company, limited by shares, registered in England and Wales, registration number 01998321. The registered office is 45 Hood Street, Coventry, CV1 5PX.
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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.
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
25 % - reducing balance
Fixtures & fittings
15 % - reducing balance
Computer equipment
33 % - straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Sentridge Limited
Notes to the Accounts
for the year ended 31 May 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
152,047
53,899
46,625
252,571
Additions
46,500
-
-
46,500
Disposals
(40,342)
-
-
(40,342)
At 31 May 2024
158,205
53,899
46,625
258,729
At 1 June 2023
61,186
47,614
45,729
154,529
Charge for the year
24,255
1,093
702
26,050
On disposals
(23,323)
-
-
(23,323)
At 31 May 2024
62,118
48,707
46,431
157,256
At 31 May 2024
96,087
5,192
194
101,473
At 31 May 2023
90,861
6,285
896
98,042
Amounts falling due within one year
Trade debtors
321,085
264,994
Other debtors
15,780
2,629
Sentridge Limited
Notes to the Accounts
for the year ended 31 May 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
225,398
292,096
Taxes and social security
101,107
77,920
Other creditors
113,064
141,583
Loans from directors
714
1,214
Allotted, called up and fully paid:
3,978 Ordinary shares of £1 each
3,978
3,978
8
Operating lease commitments
2024
2023
At 31 May 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
31,500
31,500
Later than one year and not later than five years
-
31,500
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Average number of employees
During the year the average number of employees was 17 (2023: 18).