| Sentini Marine Limited |
| Registered number: |
07807780 |
| Balance Sheet |
| as at 31 October 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
3,284 |
|
|
3,678 |
|
| Current assets |
| Stocks |
|
|
15,342 |
|
|
3,831 |
| Debtors |
4 |
|
278,610 |
|
|
307,887 |
| Cash at bank and in hand |
|
|
69,226 |
|
|
19,072 |
|
|
|
363,178 |
|
|
330,790 |
|
| Creditors: amounts falling due within one year |
5 |
|
(225,441) |
|
|
(202,800) |
|
| Net current assets |
|
|
|
137,737 |
|
|
127,990 |
| Total assets less current liabilities |
|
|
|
141,021 |
|
|
131,668 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(16,340) |
|
|
(20,817) |
|
|
|
| Net assets |
|
|
|
124,681 |
|
|
110,851 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
120 |
|
|
120 |
| Profit and loss account |
|
|
|
124,561 |
|
|
110,731 |
| Shareholders' funds |
|
|
|
124,681 |
|
|
110,851 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| Mr J. Lee |
| Director |
| Approved by the board on 31 July 2026 |
|
| Sentini Marine Limited |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going concern |
|
The directors believe the company is experiencing healthy levels of sales and profitability and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures & Plant |
4 years straight line |
|
Website |
20% straight line |
|
|
Stocks |
|
Stocks are measured at the lower of cost and net realisable value. |
|
|
Work in progress |
|
Work in progress is reflected in the accounts on a conract by contract basis by recording turnover and related costs as contract activity progresses. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
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. 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. Current and deferred tax assets and liabilities are not discounted. |
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Operating leases |
|
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis. |
|
|
Pensions |
|
The company operates defined contribution pension schemes for the employees. All contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company (including directors) during the year |
|
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Fixtures & Plant |
|
Website |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 November 2024 |
12,287 |
|
1,805 |
|
14,092 |
|
Additions |
1,107 |
|
- |
|
1,107 |
|
At 31 October 2025 |
13,394 |
|
1,805 |
|
15,199 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2024 |
8,610 |
|
1,804 |
|
10,414 |
|
Charge for the year |
1,501 |
|
- |
|
1,501 |
|
At 31 October 2025 |
10,111 |
|
1,804 |
|
11,915 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
3,283 |
|
1 |
|
3,284 |
|
At 31 October 2024 |
3,677 |
|
1 |
|
3,678 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
206,696 |
|
245,376 |
|
Taxes recoverable |
|
43,693 |
|
50,362 |
|
Prepayments |
28,221 |
|
12,149 |
|
|
|
|
|
|
278,610 |
|
307,887 |
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loan |
4,240 |
|
3,948 |
|
Trade creditors |
123,509 |
|
147,435 |
|
Other creditors |
|
|
|
|
1,590 |
|
1,793 |
|
Related party balance |
|
13,422 |
|
20,922 |
|
Taxation and social security costs |
16,374 |
|
24,794 |
|
Accruals |
66,306 |
|
3,908 |
|
|
|
|
|
|
225,441 |
|
202,800 |
|
The bank loan carries a commercial rate of interest and therefore has carrying amount equivalent to its fair value. |
|
The related party is a company under common control of the directors. The balance was interest free and carried no fixed repayment terms but was legally repayable on demand. |
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loan |
16,340 |
|
20,817 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than 5 years |
274 |
|
4,293 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other financial commitments |
2025 |
|
2024 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
1,105 |
|
3,757 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
Sentini Marine Limited is a private company limited by shares and incorporated in England. Its registered office is : Aspley Wharf Marina, St. Andrews Road, Huddersfield, West Yorkshire, HD1 6SD. |
|
The financial statements are presented in Sterling, which is the functional currency of the company. |