Seneca IP Ltd - Filleted accounts

Registered number

05746389

Seneca IP Ltd

Filleted Accounts

31 March 2026

Seneca IP Ltd
Registered number:		05746389
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		63,026			73,502

Current assets
Stocks		220,570			147,830
Debtors	4	490,273			478,892
Cash at bank and in hand		831,230			546,547
		1,542,073			1,173,269

Creditors: amounts falling due within one year	5	(361,916)			(616,942)

Net current assets			1,180,157			556,327

Total assets less current liabilities			1,243,183			629,829

Creditors: amounts falling due after more than one year	6		(18,239)			(29,238)

Provisions for liabilities			(13,514)			(13,703)


Net assets			1,211,430			586,888

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,211,330			586,788

Shareholders' funds			1,211,430			586,888

The director is 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 director acknowledges his 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.



J D Hedger
Director
Approved by the board on 31 July 2026

Seneca IP Ltd
Notes to the Accounts
for the year ended 31 March 2026


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.

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in this respect is recognised by reference to the stage of completion.

	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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office Equipment	Over lease term
	Fixtures, fittings, tools and equipment	25% reducing balance
	Leasehold improvements	10 years straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	Taxation represents the sum of tax currently payable. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting 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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			11		10


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	34,218		92,292		126,510
	Additions	5,881		1,575		7,456
	At 31 March 2026	40,099		93,867		133,966

	Depreciation
	At 1 April 2025	4,398		48,610		53,008
	Charge for the year	4,010		13,922		17,932
	At 31 March 2026	8,408		62,532		70,940

	Net book value
	At 31 March 2026	31,691		31,335		63,026
	At 31 March 2025	29,820		43,682		73,502


4	Debtors			2026		2025
£					£

	Trade debtors			102,754		136,447
	Other debtors			387,519		342,445
				490,273		478,892


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans, overdrafts, credit cards			968		324
	Obligations under finance lease and hire purchase contracts			10,949		10,999
	Trade creditors			16,746		45,136
	Taxation and social security costs			329,342		355,499
	Other creditors			3,911		204,984
				361,916		616,942


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			18,239		29,238


7	Other information

	Seneca IP Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	74 Smedley Street
	Matlock
	Derbyshire
	DE4 3JJ