| Senjo Ltd |
|
| Report to the director on the preparation of the unaudited abbreviated accounts of Senjo Ltd for the year ended 31 March 2014 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Senjo Ltd for the year ended 31 March 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| It is your duty to ensure that Senjo Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Senjo Ltd. You consider that Senjo Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of Senjo Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| G C Forest & Co |
| Chartered Certified Accountants |
| 190 Billet Road |
| London |
| E17 5DX |
|
| 9 September 2014 |
|
| Senjo Ltd |
| Registered number: |
04185810 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
61,426 |
|
|
61,777 |
|
| Current assets |
| Debtors |
|
|
10,373 |
|
|
14,480 |
| Cash at bank and in hand |
|
|
8,183 |
|
|
707 |
|
|
|
18,556 |
|
|
15,187 |
|
| Creditors: amounts falling due within one year |
|
|
(6,752) |
|
|
(6,867) |
|
| Net current assets |
|
|
|
11,804 |
|
|
8,320 |
|
| Total assets less current liabilities |
|
|
|
73,230 |
|
|
70,097 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(6,962) |
|
|
(8,695) |
|
|
|
| Net assets |
|
|
|
66,268 |
|
|
61,402 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
66,168 |
|
|
61,302 |
|
| Shareholders' funds |
|
|
|
66,268 |
|
|
61,402 |
|
|
|
|
|
|
|
|
| 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. |
| 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Martin Brady |
| Director |
| Approved by the board on 9 September 2014 |
|
| Senjo Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Freehold land and buildings |
No depreciation was provided |
|
Plant and machinery |
15% on written down value |
|
Motor vehicles |
25% on written down value |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
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. No provision was found to be necessary for the year to 31 March 2014. |
|
|
Leasing and hire purchase commitments |
|
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. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
76,136 |
|
At 31 March 2014 |
76,136 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
14,359 |
|
Charge for the year |
351 |
|
At 31 March 2014 |
14,710 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
61,426 |
|
At 31 March 2013 |
61,777 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2014 |
|
2013 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
8,637 |
|
10,314 |
|
Secured bank loans |
8,637 |
|
10,314 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Ultimate controlling party |
|
|
The controlling party is Martin Brady by virtue of his ownership of 60% of the issued ordinary shares of the company. |
|
|
| 6 |
Related parties |
|
|
The company recieves rent from Senjo Ltd, an associated company, at market value. During the |
|
year the amount of rent paid to the associated company was £8,000 (2013 £8,000). |
|
|
The amount outstanding as at the balance sheet date to Senjo Ltd from Senjo Constraction Ltd |
|
was £10,373 (2013 £14,480). |
|
|
| 7 |
Director's loan and interest |
|
|
As at the balance sheet date the amount outstanding to the director by the company was £2,933 |
|
(2013 - 3,688). |
