Sensonic-UK Limited 12128008 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the provision of services (including Business Development and Sales, Engineering, Research and Development and Project Management) to the parent company Sensonic GmbH. Sensonic GmbH sells Fibre Optic Sensing equipment to the Global Railway Industry Digita Accounts Production Advanced 6.30.9574.0 true false true 12128008 2024-01-01 2024-12-31 12128008 2024-12-31 12128008 core:RetainedEarningsAccumulatedLosses 2024-12-31 12128008 core:ShareCapital 2024-12-31 12128008 core:CurrentFinancialInstruments 2024-12-31 12128008 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 12128008 core:FurnitureFittingsToolsEquipment 2024-12-31 12128008 core:PlantMachinery 2024-12-31 12128008 bus:SmallEntities 2024-01-01 2024-12-31 12128008 bus:Audited 2024-01-01 2024-12-31 12128008 bus:FullAccounts 2024-01-01 2024-12-31 12128008 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12128008 bus:RegisteredOffice 2024-01-01 2024-12-31 12128008 bus:Director4 2024-01-01 2024-12-31 12128008 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12128008 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 12128008 core:PlantMachinery 2024-01-01 2024-12-31 12128008 1 2024-01-01 2024-12-31 12128008 countries:EnglandWales 2024-01-01 2024-12-31 12128008 2023-12-31 12128008 core:FurnitureFittingsToolsEquipment 2023-12-31 12128008 core:PlantMachinery 2023-12-31 12128008 2023-01-01 2023-12-31 12128008 2023-12-31 12128008 core:RetainedEarningsAccumulatedLosses 2023-12-31 12128008 core:ShareCapital 2023-12-31 12128008 core:CurrentFinancialInstruments 2023-12-31 12128008 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12128008 core:FurnitureFittingsToolsEquipment 2023-12-31 12128008 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure

Company registration number: 12128008

Sensonic-UK Limited

Filleted Annual Report and Financial Statements

for the Year Ended 31 December 2024

 

Sensonic-UK Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 7

 

Sensonic-UK Limited

(Registration number: 12128008)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,133

46,662

Other financial assets

5

6,153

6,153

 

18,286

52,815

Current assets

 

Debtors

6

215,914

239,721

Cash at bank and in hand

 

176,662

81,180

 

392,576

320,901

Creditors: Amounts falling due within one year

7

(81,679)

(175,044)

Net current assets

 

310,897

145,857

Total assets less current liabilities

 

329,183

198,672

Provisions for liabilities

 

Provisions

 

(17,970)

(13,204)

Deferred tax liabilities

 

-

(6,083)

Provisions for liabilities

(17,970)

(19,287)

Net assets

 

311,213

179,385

Capital and reserves

 

Called up share capital

25,000

25,000

Profit and loss account

286,213

154,385

Total equity

 

311,213

179,385

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

Approved and authorised by the Board on 5 March 2025 and signed on its behalf by:
 


S M Phillips
Director

   
 

Sensonic-UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Abbey House
282 Farnborough Road
Farnborough
Hampshire
GU14 7NA
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors have made the assessment that the company is a going concern and these financial statements are prepared on that basis. The company supplies research and development services to its wider group to develop products for the group. The assessment of the directors is based on the commitment of the group to the company continuing to supply these services to the group.

Turnover recognition

Turnover represents amounts invoiced during the year net of VAT.

Turnover is in respect of inter group recharges and is recognised in accordance with the accruals basis.

 

Sensonic-UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation of tangible assets

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

20% - 33% straight line

Plant and machinery

20% straight line

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

 

Sensonic-UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

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

Trade and other debtors, relating primarily to group balances, 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.

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 and other creditors, relating primarily to group balances, are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified 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.

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.

 

Sensonic-UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 14 (2023 - 16).

4

Tangible assets

Furniture, fittings and equipment
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 January 2024

45,653

98,817

144,470

Disposals

(1,840)

-

(1,840)

At 31 December 2024

43,813

98,817

142,630

Depreciation

At 1 January 2024

34,049

63,759

97,808

Charge for the year

4,310

30,050

34,360

Eliminated on disposal

(1,671)

-

(1,671)

At 31 December 2024

36,688

93,809

130,497

Carrying amount

At 31 December 2024

7,125

5,008

12,133

At 31 December 2023

11,604

35,058

46,662

 

Sensonic-UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

5

Other non current financial assets

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2024

6,153

6,153

At 31 December 2024

6,153

6,153

6

Debtors

2024
 £

2023
 £

Trade debtors

5,160

-

Amounts owed by group undertakings and undertakings in which the company has a participating interest

135,999

157,230

Corporation tax

9,854

32,603

Other debtors

64,901

49,888

Total current trade and other debtors

215,914

239,721

7

Creditors

2024
£

2023
£

Due within one year

Trade creditors

2,385

1,514

Taxation and social security

33,381

30,093

Other creditors

45,913

143,437

81,679

175,044

8

Provisions

The amount in Provisions represents the predicted cost of future long-service award benefits payable to all employees on reaching set milestones. The provision is calculated using information from the Group’s external advisors and is adjusted on an annual basis.

 

Sensonic-UK Limited

Notes to the Financial Statements
for the Year Ended 31 December 2024

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £145,305 (2023 - £130,683).

10

Parent and ultimate parent undertaking

The company's immediate parent is Sensonic GmbH, incorporated in Austria.

 

11

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 5 March 2025 was Robert Oram BFP FCA, who signed for and on behalf of Albert Goodman LLP.