Company Registration No. 11878958 (England and Wales)
SENTINEL ENGINEERING LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
Affinia
19th Floor
1 Westfield Avenue
London
E20 1HZ
SENTINEL ENGINEERING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
SENTINEL ENGINEERING LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
31 December 2024
31 October 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
118,410
151,899
Current assets
Stocks
106,870
186,079
Debtors
5
933,620
699,920
Cash at bank and in hand
1,327
58
1,041,817
886,057
Creditors: amounts falling due within one year
6
(243,900)
(691,538)
Net current assets
797,917
194,519
Total assets less current liabilities
916,327
346,418
Creditors: amounts falling due after more than one year
7
-
0
(51,278)
Net assets
916,327
295,140
Capital and reserves
Called up share capital
8
1,000
1,000
Capital contribution
70,622
-
0
Profit and loss reserves
844,705
294,140
Total equity
916,327
295,140

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 11 April 2025 and are signed on its behalf by:
S R Smitth
Director
Company registration number 11878958 (England and Wales)
SENTINEL ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Sentinel Engineering Limited is a private company limited by shares incorporated in England and Wales. The registered office is Nova South, 160 Victoria Street, London, United Kingdom, SW1E 5LB.

1.1
Reporting period

The company changed the current reporting date to 31 December 2024 to be in line with ultimate parent company, Motorola Solutions International Holding Limited, resulting in a 14-month reporting period. The comparative amounts presented in the financial statements represent a full year and are therefore not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for service supplied, stated net of discounts, returns, and value-added taxes.

The company recognises revenue when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods); the amount can be reliably measured; it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respects of the transaction can be measured reliably. The company bases its estimate of return on historical results, taking into consideration the type of customer, the type of transaction, and the specifics of each arrangement.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

 

The obligation under the standard warranty to repair or replace faulty products lies with Silent Sentinel Limited. Payments by customers are made following delivery of the goods and then issuance of sales invoice, under the pre-agreed credit terms.

 

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

SENTINEL ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% straight line
Plant and equipment
20% straight line
Fixtures and fittings
10% straight line

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.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

SENTINEL ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of 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 deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

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

 

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

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

SENTINEL ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.15

Capital Contribution

 

Where the company receives a capital contribution from its parent or ultimate parent company, the contribution is recognised directly in equity as it represents a transaction with the owner that does not require repayment. Capital contributions are recorded at the fair value of the assets or cash received at the date of contribution.

 

If the contribution is in the form of a non-cash asset, the asset is recognised at its fair value with a corresponding credit to equity. No income is recognised in the profit and loss account as a result of capital contributions.

SENTINEL ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Stock provision

The company holds inventory that may be subject to impairments due to various factors, including trading restrictions imposed by suppliers or customers. In determining the recoverable value of inventory, management exercises judgment to assess whether any items are no longer saleable or usable. As a result of these restrictions, certain stock items may become obsolete or unsellable. Where applicable, a provision has been made to reflect the lower of the cost or net realisable value of the inventory, in accordance with FRS102. The amount of the provision is based on management's best estimate of the impact of these restrictions and any potential obsolescence, with regular reviews to ensure that the carrying value of stock remains appropriate.

3
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2023
Number
Number
Total
-
0
-
0

During the current and prior year the company had no employees, with costs recharged from a fellow group company.

SENTINEL ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 7 -
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 November 2023
11,938
154,444
53,459
219,841
Additions
-
0
38,877
2,077
40,954
Disposals
(5,761)
(17,065)
(29,676)
(52,502)
At 31 December 2024
6,177
176,256
25,860
208,293
Depreciation and impairment
At 1 November 2023
1,577
45,525
20,840
67,942
Depreciation charged in the Period
2,786
36,215
10,901
49,902
Eliminated in respect of disposals
(2,304)
(9,882)
(15,775)
(27,961)
At 31 December 2024
2,059
71,858
15,966
89,883
Carrying amount
At 31 December 2024
4,118
104,398
9,894
118,410
At 31 October 2023
10,361
108,919
32,619
151,899
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
927,740
24,353
Amounts owed by group undertakings
1,000
666,565
Other debtors
4,880
9,002
933,620
699,920
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
0
12,579
Trade creditors
220,542
317,132
Amounts owed to group undertakings
-
0
183,723
Taxation and social security
23,358
150,638
Other creditors
-
0
27,466
243,900
691,538
SENTINEL ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 8 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
3,125
Other creditors
-
0
48,153
-
0
51,278

During the financial period ending 31 December 2024, the company repaid all outstanding loans. As at the balance sheet date, there are no remaining loans repayable. All payments were made in accordance with the terms outlined in the loan agreement.

8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
1,000
1,000
1,000
1,000
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Mark Middleton
Statutory Auditor:
Affinia (Stratford)
10
Related party transactions
Transactions with related parties

As a member of a wholly owned group, the company is exempt from disclosing transactions with fellow group members.

11
Ultimate controlling party

The company is a wholly owned subsidiary of The Silent Sentinel Group Limited whose registered office is Nova South, 160 Victoria Street, London, United Kingdom, SW1E 5LB. The Silent Sentinel Group Limited prepare consolidated accounts which are publicly available. Accordingly, the company has taken advantage of the exemption within the Financial Reporting Standard 102 from disclosing transactions with The Silent Sentinel Group Limited and its fellow subsidiaries, Sentinel Engineering Limited and Silent Sentinel Inc.

 

The ultimate controlling party until 13 February 2024 was Mr P Elsey by virtue of his shareholding in the parent company.

 

On 13 February 2024, Motorola Solutions International Holding Limited became the immediate parent company, registered office Nova South, 160 Victoria Street, London, SW1E 5LB. The ultimate controlling party by virtue of shareholding in the parent company is Motorola Solutions Inc., incorporated in the U.S.A., at 500 W Monroe Street, Chicago, Illinois 60661.

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