Senet Magazine Limited

SENET MAGAZINE LIMITED - Company Information

2022-11-012023-10-312023-10-31false12219429Senet Magazine Limited2024-04-09iso4217:GBPxbrli:pure122194292022-11-01122194292023-10-31122194292022-11-012023-10-31122194292021-11-01122194292022-10-31122194292021-11-012022-10-3112219429bus:SmallEntities2022-11-012023-10-3112219429bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3112219429bus:FullAccounts2022-11-012023-10-3112219429bus:PrivateLimitedCompanyLtd2022-11-012023-10-3112219429core:WithinOneYear2023-10-3112219429core:AfterOneYear2023-10-3112219429core:WithinOneYear2022-10-3112219429core:AfterOneYear2022-10-3112219429core:ShareCapital2023-10-3112219429core:SharePremium2023-10-3112219429core:RevaluationReserve2023-10-3112219429core:OtherReservesSubtotal2023-10-3112219429core:RetainedEarningsAccumulatedLosses2023-10-3112219429core:ShareCapital2022-10-3112219429core:SharePremium2022-10-3112219429core:RevaluationReserve2022-10-3112219429core:OtherReservesSubtotal2022-10-3112219429core:RetainedEarningsAccumulatedLosses2022-10-3112219429core:LandBuildings2023-10-3112219429core:PlantMachinery2023-10-3112219429core:Vehicles2023-10-3112219429core:FurnitureFittings2023-10-3112219429core:OfficeEquipment2023-10-3112219429core:NetGoodwill2023-10-3112219429core:IntangibleAssetsOtherThanGoodwill2023-10-3112219429core:ListedExchangeTraded2023-10-3112219429core:UnlistedNon-exchangeTraded2023-10-3112219429core:LandBuildings2022-10-3112219429core:PlantMachinery2022-10-3112219429core:Vehicles2022-10-3112219429core:FurnitureFittings2022-10-3112219429core:OfficeEquipment2022-10-3112219429core:NetGoodwill2022-10-3112219429core:IntangibleAssetsOtherThanGoodwill2022-10-3112219429core:ListedExchangeTraded2022-10-3112219429core:UnlistedNon-exchangeTraded2022-10-3112219429core:LandBuildings2022-11-012023-10-3112219429core:PlantMachinery2022-11-012023-10-3112219429core:Vehicles2022-11-012023-10-3112219429core:FurnitureFittings2022-11-012023-10-3112219429core:OfficeEquipment2022-11-012023-10-3112219429core:NetGoodwill2022-11-012023-10-3112219429core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3112219429core:ListedExchangeTraded2022-11-012023-10-3112219429core:UnlistedNon-exchangeTraded2022-11-012023-10-3112219429core:MoreThanFiveYears2022-11-012023-10-3112219429core:Non-currentFinancialInstruments2023-10-3112219429core:Non-currentFinancialInstruments2022-10-3112219429dpl:CostSales2022-11-012023-10-3112219429dpl:DistributionCosts2022-11-012023-10-3112219429core:LandBuildings2022-11-012023-10-3112219429core:PlantMachinery2022-11-012023-10-3112219429core:Vehicles2022-11-012023-10-3112219429core:FurnitureFittings2022-11-012023-10-3112219429core:OfficeEquipment2022-11-012023-10-3112219429dpl:AdministrativeExpenses2022-11-012023-10-3112219429core:NetGoodwill2022-11-012023-10-3112219429core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3112219429dpl:GroupUndertakings2022-11-012023-10-3112219429dpl:ParticipatingInterests2022-11-012023-10-3112219429dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3112219429core:ListedExchangeTraded2022-11-012023-10-3112219429dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3112219429core:UnlistedNon-exchangeTraded2022-11-012023-10-3112219429dpl:CostSales2021-11-012022-10-3112219429dpl:DistributionCosts2021-11-012022-10-3112219429core:LandBuildings2021-11-012022-10-3112219429core:PlantMachinery2021-11-012022-10-3112219429core:Vehicles2021-11-012022-10-3112219429core:FurnitureFittings2021-11-012022-10-3112219429core:OfficeEquipment2021-11-012022-10-3112219429dpl:AdministrativeExpenses2021-11-012022-10-3112219429core:NetGoodwill2021-11-012022-10-3112219429core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3112219429dpl:GroupUndertakings2021-11-012022-10-3112219429dpl:ParticipatingInterests2021-11-012022-10-3112219429dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3112219429core:ListedExchangeTraded2021-11-012022-10-3112219429dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3112219429core:UnlistedNon-exchangeTraded2021-11-012022-10-3112219429core:NetGoodwill2023-10-3112219429core:IntangibleAssetsOtherThanGoodwill2023-10-3112219429core:LandBuildings2023-10-3112219429core:PlantMachinery2023-10-3112219429core:Vehicles2023-10-3112219429core:FurnitureFittings2023-10-3112219429core:OfficeEquipment2023-10-3112219429core:AfterOneYear2023-10-3112219429core:WithinOneYear2023-10-3112219429core:ListedExchangeTraded2023-10-3112219429core:UnlistedNon-exchangeTraded2023-10-3112219429core:ShareCapital2023-10-3112219429core:SharePremium2023-10-3112219429core:RevaluationReserve2023-10-3112219429core:OtherReservesSubtotal2023-10-3112219429core:RetainedEarningsAccumulatedLosses2023-10-3112219429core:NetGoodwill2022-10-3112219429core:IntangibleAssetsOtherThanGoodwill2022-10-3112219429core:LandBuildings2022-10-3112219429core:PlantMachinery2022-10-3112219429core:Vehicles2022-10-3112219429core:FurnitureFittings2022-10-3112219429core:OfficeEquipment2022-10-3112219429core:AfterOneYear2022-10-3112219429core:WithinOneYear2022-10-3112219429core:ListedExch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Registered Number
12219429
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

Senet Magazine Limited

Company Information
for the year from 1 November 2022 to 31 October 2023


Directors	James A Hunter
	Daniel L Jolin


Registered Address	73 Chartridge Lane
	Chesham
	HP5 2RG


Registered Number	12219429 (England and Wales)

Senet Magazine Limited

Balance Sheet as at
31 October 2023

	Notes	2023		2022
		£	£	£	£
Current assets
Stocks	3	28,685		18,812
Debtors		4,256		2,889
Cash at bank and on hand		7,708		3,501
		40,649		25,202
Creditors amounts falling due within one year	4	(31,585)		(16,247)
Net current assets (liabilities)			9,064		8,955
Total assets less current liabilities			9,064		8,955
Net assets			9,064		8,955
Capital and reserves
Called up share capital			1		1
Profit and loss account			9,063		8,954
Shareholders' funds			9,064		8,955

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 9 April 2024, and are signed on its behalf by:

Daniel L Jolin
Director
Registered Company No. 12219429

Senet Magazine Limited

Notes to the Financial Statements
for the year ended 31 October 2023

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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).

	Turnover policy
	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.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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.

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.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2023		2022
	Average number of employees during the year	0		0

3.	Stocks

	2023	2022
	£	£
Other stocks	28,685	18,812
Total	28,685	18,812

4.	Creditors: amounts due within one year

	2023	2022
	£	£
Trade creditors / trade payables	6,192	3,023
Taxation and social security	26	2,248
Accrued liabilities and deferred income	25,367	10,976
Total	31,585	16,247


	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.