Abbreviated Company Accounts - SENSEAL LIMITED

04055939 SENSEAL LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 04055939 2014-08-01 2015-07-31 04055939 2015-07-31 04055939 2014-07-31 04055939 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 04055939 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director3 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director3 2015-07-31 uk-gaap-cd-bus:Director3 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 04055939

SENSEAL LIMITED

Abbreviated Accounts

31 July 2015

SENSEAL LIMITED Registered Number 04055939

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	26,150	38,254
Investments	3	7,018	7,018
		33,168	45,272
Current assets
Stocks		33,150	25,000
Debtors	4	127,640	114,045
Cash at bank and in hand		854	1,551
		161,644	140,596
Creditors: amounts falling due within one year		(204,870)	(197,472)
Net current assets (liabilities)		(43,226)	(56,876)
Total assets less current liabilities		(10,058)	(11,604)
Creditors: amounts falling due after more than one year		(36,156)	(32,016)
Provisions for liabilities		(2,338)	(3,313)
Total net assets (liabilities)		(48,552)	(46,933)
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		(48,652)	(47,033)
Shareholders' funds		(48,552)	(46,933)

For the year ending 31 July 2015 the company was entitled to exemption 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.

Approved by the Board on 25 April 2016

And signed on their behalf by:
Mr C M Senogles, Director

SENSEAL LIMITED Registered Number 04055939

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: 25% Reducing Balance.

Intangible assets amortisation policy
Goodwill purchased on the acquisition of a business in 2011 was amortised over 3 years.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 August 2014	99,854
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	99,854
Depreciation
At 1 August 2014	61,600
Charge for the year	12,104
On disposals	-
At 31 July 2015	73,704
Net book values
At 31 July 2015	26,150
At 31 July 2014	38,254

The net book value of plant, machinery and vehicles included above and held under finance leases and hire purchase contracts is £20,305, (2014: £30,462)

3Fixed assets Investments
Investments neither listed nor unlisted were as follows:

Investment in a buying group £7,018 (2014: £7,018)

4Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	3,600	13,036

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £100 each	10,000	10,000

6Transactions with directors

Name of director receiving advance or credit:	Mr C M Senogles
Description of the transaction:	Loan
Balance at 1 August 2014:	£ 52,143
Advances or credits made:	£ 0
Advances or credits repaid:	£ 52,143
Balance at 31 July 2015:	£ 0

Loans to directors bear interest at 4%