Senex Engineering Limited 07742322 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is is that of subcontract machining. Digita Accounts Production Advanced 6.30.9574.0 true true 07742322 2023-09-01 2024-08-31 07742322 2024-08-31 07742322 bus:OrdinaryShareClass1 2024-08-31 07742322 core:CurrentFinancialInstruments 2024-08-31 07742322 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 07742322 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 07742322 core:FurnitureFittings 2024-08-31 07742322 core:MotorVehicles 2024-08-31 07742322 core:PlantMachinery 2024-08-31 07742322 bus:SmallEntities 2023-09-01 2024-08-31 07742322 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 07742322 bus:FilletedAccounts 2023-09-01 2024-08-31 07742322 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07742322 bus:RegisteredOffice 2023-09-01 2024-08-31 07742322 bus:Director1 2023-09-01 2024-08-31 07742322 bus:Director2 2023-09-01 2024-08-31 07742322 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 07742322 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07742322 core:ComputerEquipment 2023-09-01 2024-08-31 07742322 core:FurnitureFittings 2023-09-01 2024-08-31 07742322 core:MotorVehicles 2023-09-01 2024-08-31 07742322 core:PlantMachinery 2023-09-01 2024-08-31 07742322 countries:AllCountries 2023-09-01 2024-08-31 07742322 2023-08-31 07742322 core:FurnitureFittings 2023-08-31 07742322 core:MotorVehicles 2023-08-31 07742322 core:PlantMachinery 2023-08-31 07742322 2022-09-01 2023-08-31 07742322 2023-08-31 07742322 bus:OrdinaryShareClass1 2023-08-31 07742322 core:CurrentFinancialInstruments 2023-08-31 07742322 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 07742322 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 07742322 core:FurnitureFittings 2023-08-31 07742322 core:MotorVehicles 2023-08-31 07742322 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07742322

Senex Engineering Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Senex Engineering Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Senex Engineering Limited

Company Information

Directors

Mrs Claire Elizabeth Lenthall

Mr Thomas Peter Lenthall

Registered office

Unit B3
Masbrough Street
Rotherham
South Yorkshire
S60 1ER

Accountants

Thorntons Accountants Limited
Chartered Certified Accountants
213 Derbyshire Lane
Norton Lees
Sheffield
South Yorkshire
S8 8SA

 

Senex Engineering Limited

(Registration number: 07742322)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

434,554

420,471

Current assets

 

Stocks

5

22,971

8,581

Debtors

6

179,437

183,932

Cash at bank and in hand

 

315,507

251,424

 

517,915

443,937

Creditors: Amounts falling due within one year

7

(169,111)

(196,969)

Net current assets

 

348,804

246,968

Total assets less current liabilities

 

783,358

667,439

Creditors: Amounts falling due after more than one year

7

(21,689)

(38,270)

Provisions for liabilities

(104,387)

(90,675)

Net assets

 

657,282

538,494

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

657,182

538,394

Shareholders' funds

 

657,282

538,494

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Senex Engineering Limited

(Registration number: 07742322)
Balance Sheet as at 31 August 2024

Approved and authorised by the Board on 21 May 2025 and signed on its behalf by:
 

.........................................
Mrs Claire Elizabeth Lenthall
Director

 

Senex Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

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

The address of its registered office is:
Unit B3
Masbrough Street
Rotherham
South Yorkshire
S60 1ER

These financial statements were authorised for issue by the Board on 21 May 2025.

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.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Senex Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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 income 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Depreciation

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

Plant & Machinery

10% Reducing Balance

Motor Vehicles

25% Reducing Balance

Computer Equipment

33% Straight Line

Fixtures, Fittings & Office Equipment

10% Reducing Balance

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.

 

Senex Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade debtors

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

Trade debtors 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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 creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Senex Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Leases

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 9).

 

Senex Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

19,135

589,345

66,989

675,469

Additions

2,585

12,603

49,595

64,783

At 31 August 2024

21,720

601,948

116,584

740,252

Depreciation

At 1 September 2023

11,428

219,017

24,553

254,998

Charge for the year

2,208

37,884

10,608

50,700

At 31 August 2024

13,636

256,901

35,161

305,698

Carrying amount

At 31 August 2024

8,084

345,047

81,423

434,554

At 31 August 2023

7,707

370,328

42,436

420,471

5

Stocks

2024
£

2023
£

Work in progress

21,438

7,915

Other inventories

1,533

666

22,971

8,581

6

Debtors

2024
£

2023
£

Trade debtors

172,721

177,550

Prepayments

6,716

6,382

179,437

183,932

 

Senex Engineering Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

15,059

38,559

Trade creditors

 

35,653

42,312

Taxation and social security

 

70,274

54,542

Accruals and deferred income

 

8,415

3,521

Other creditors

 

39,710

58,035

 

169,111

196,969

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7,912

22,962

Deferred income

 

13,777

15,308

 

21,689

38,270

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100