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REGISTERED NUMBER: 11817434 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

SENLAC SPECIALIST WORKS LTD

SENLAC SPECIALIST WORKS LTD (REGISTERED NUMBER: 11817434)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SENLAC SPECIALIST WORKS LTD

Company Information
for the Year Ended 28 February 2025







DIRECTORS: O Pearce
M Pearce
S G Pearce





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 11817434 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

SENLAC SPECIALIST WORKS LTD (REGISTERED NUMBER: 11817434)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 88,182 94,218
Tangible assets 5 170,297 138,466
258,479 232,684

CURRENT ASSETS
Debtors 6 493,270 308,163
Cash at bank and in hand 20,741 907
514,011 309,070
CREDITORS
Amounts falling due within one year 7 381,495 249,217
NET CURRENT ASSETS 132,516 59,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,995

292,537

CREDITORS
Amounts falling due after more than one
year

8

(116,447

)

(99,388

)

PROVISIONS FOR LIABILITIES (43,243 ) (31,667 )
NET ASSETS 231,305 161,482

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 231,205 161,382
231,305 161,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SENLAC SPECIALIST WORKS LTD (REGISTERED NUMBER: 11817434)

Balance Sheet - continued
28 February 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





S G Pearce - Director


SENLAC SPECIALIST WORKS LTD (REGISTERED NUMBER: 11817434)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Senlac Specialist Works Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SENLAC SPECIALIST WORKS LTD (REGISTERED NUMBER: 11817434)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 120,721
AMORTISATION
At 1 March 2024 26,503
Charge for year 6,036
At 28 February 2025 32,539
NET BOOK VALUE
At 28 February 2025 88,182
At 29 February 2024 94,218

SENLAC SPECIALIST WORKS LTD (REGISTERED NUMBER: 11817434)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 175,854
Additions 68,996
Disposals (3,000 )
At 28 February 2025 241,850
DEPRECIATION
At 1 March 2024 37,388
Charge for year 35,337
Eliminated on disposal (1,172 )
At 28 February 2025 71,553
NET BOOK VALUE
At 28 February 2025 170,297
At 29 February 2024 138,466

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2024 120,491
Additions 60,950
At 28 February 2025 181,441
DEPRECIATION
At 1 March 2024 12,160
Charge for year 27,445
At 28 February 2025 39,605
NET BOOK VALUE
At 28 February 2025 141,836
At 29 February 2024 108,331

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 352,048 213,145
Amounts recoverable on contract 54,000 -
Other debtors 87,222 95,018
493,270 308,163

SENLAC SPECIALIST WORKS LTD (REGISTERED NUMBER: 11817434)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans and overdrafts 136,339 79,809
Hire purchase contracts 30,547 30,805
Trade creditors 103,832 35,681
Taxation and social security 65,952 62,163
Other creditors 44,825 40,759
381,495 249,217

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£    £   
Bank loans 2,651 13,091
Hire purchase contracts 113,796 86,297
116,447 99,388

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.25 29.2.24
£    £   
Bank overdrafts 125,899 69,626

Bank borrowing is secured by a fixed and floating charge over all assets or undertaking of the company.