Senap Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 07046671

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,145		1,791

			1,145		1,791
CURRENT ASSETS
Stocks	5	100,950		101,800
Debtors	6	16,563		17,280
Cash at bank and in hand		13,278		4,669

		130,791		123,749
Creditors: Amounts Falling Due Within One Year	7	(110,657 )		(93,058 )

NET CURRENT ASSETS (LIABILITIES)			20,134		30,691

TOTAL ASSETS LESS CURRENT LIABILITIES			21,279		32,482

Creditors: Amounts Falling Due After More Than One Year	8		(28,785 )		(38,507 )

NET LIABILITIES			(7,506 )		(6,025 )

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			(8,506 )		(7,025 )

SHAREHOLDERS' FUNDS			(7,506)		(6,025)

Page 1

Page 2

Senap Ltd

Balance Sheet (continued)

As At 31 December 2024

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

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr O A Babatunde

Director

15 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Senap Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07046671 . The registered office is 1 Temple Hill Square, Temple Hill, Dartford, DA1 5HY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

20% Straight line

2.4. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	2	1

	2	1

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 January 2024	3,234

As at 31 December 2024	3,234

Depreciation
As at 1 January 2024	1,443
Provided during the period	646

As at 31 December 2024	2,089

Net Book Value
As at 31 December 2024	1,145

As at 1 January 2024	1,791

Page 3

Page 4

Senap Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Stocks

	2024	2023
	£	£
Materials	100,950	101,800

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	13,313	14,744
Other debtors	3,250	2,536

	16,563	17,280

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	19,867	23,028
Bank loans and overdrafts	10,628	10,660
Other taxes and social security	41,417	36,011
Other creditors	37,140	22,135
Director's loan account	1,605	1,224

	110,657	93,058

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	8,785	13,507
Directors loan account	20,000	25,000

	28,785	38,507

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000