Sensor Technologies U/K Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02427695 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

SENSOR TECHNOLOGIES U/K LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G. Wild

R. J. Wild

SECRETARY:

Mr. G. Wild

REGISTERED OFFICE:

9 Southgate Industrial Estate

Green Lane

Heywood

Lancashire

OL10 1ND

REGISTERED NUMBER:

02427695 (England and Wales)

ACCOUNTANTS:

Wyatt, Morris, Golland Ltd

Park House

200 Drake Street

Rochdale

Lancashire

OL16 1PJ

FIXED ASSETS

Tangible assets

4

274,958

298,436

CURRENT ASSETS

Stocks

35,125

27,500

Debtors

304,887

359,308

Cash at bank and in hand

761,033

634,410

1,101,045

1,021,218

CREDITORS

Amounts falling due within one year

183,602

209,376

NET CURRENT ASSETS

917,443

811,842

TOTAL ASSETS LESS CURRENT LIABILITIES

1,192,401

1,110,278

CREDITORS

Amounts falling due after more than one year

5

(52,689

)

(71,463

)

ACCRUALS AND DEFERRED INCOME

(207,875

)

(213,922

)

NET ASSETS

931,837

824,893

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

881,837

774,893

SHAREHOLDERS' FUNDS

931,837

824,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.

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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2021 and were signed on its behalf by:

G. Wild - Director

R. J. Wild - Director

1.	STATUTORY INFORMATION

Sensor Technologies U/K Limited 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.

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 represents the net invoiced value of goods and services rendered excluding value added tax.

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.

Development costs have been fully amortised in the current year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

2% on cost

Long leasehold

-

2% on cost

Plant and machinery

-

Straight line over 5 years

Fixtures and fittings

-

Straight line over 7 years

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

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

Consolidation

The company, it's parent and other group companies comprise a small sized group. The company has therefore taken advantage of the exemption provided by Section 248 of the Companies Act 1985 not to prepare group accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2020 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2020

907,344

Additions

1,379

Disposals

(15,065

)

At 31 March 2021

893,658

DEPRECIATION

At 1 April 2020

608,908

Charge for year

15,158

Eliminated on disposal

(5,366

)

At 31 March 2021

618,700

NET BOOK VALUE

At 31 March 2021

274,958

At 31 March 2020

298,436

The short leasehold premises were acquired on 5 December 1994 with a lease term of 125 years.

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2021

2020

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

3,463

6.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

70,476

85,407

The bank loan and overdraft are secured by a legal charge over the property at Unit 9, Southgate, Green Lane, Heywood and supported by a bank inter-company guarantee dated 7 August 2001 between S.T. Group U.K Limited and Sensor Technologies U/K Limited.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is S. T. Group U.K. Limited.

The ultimate controlling party is G. Wild.