SENSEAL LIMITED

SENSEAL LIMITED

SENSEAL LIMITED - Company Information

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SENSEAL LIMITED

Company Registration Number:
04055939 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2017

Period of accounts

Start date: 01 August 2016

End date: 31 July 2017

SENSEAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2017

Balance sheet
Notes

SENSEAL LIMITED

Balance sheet

As at 31 July 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 2,933 14,538
Investments: 4 7,018 7,018
Total fixed assets: 9,951 21,556
Current assets
Stocks: 28,150 33,150
Debtors:   170,337 155,281
Cash at bank and in hand: 1,611 611
Total current assets: 200,098 189,042
Creditors: amounts falling due within one year:   (212,925) (211,446)
Net current assets (liabilities): (12,827) (22,404)
Total assets less current liabilities: (2,876) (848)
Creditors: amounts falling due after more than one year: 5 (22,368) (38,709)
Total net assets (liabilities): (25,244) (39,557)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (25,344) (39,657)
Shareholders funds: (25,244) (39,557)

The notes form part of these financial statements

SENSEAL LIMITED

Balance sheet statements

For the year ending 31 July 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 24 April 2018
and signed on behalf of the board by:

Name: Mr Christopher Senogles
Status: Director

The notes form part of these financial statements

SENSEAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

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. 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

Tangible fixed assets and depreciation policy

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:Plant and Machinery: 5 years

Intangible fixed assets and amortisation policy

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Other accounting policies

TAX:A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous 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. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.PENSIONS: Contributions to defined contribution plans are expensed in the period to which they relate.

SENSEAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

2. Employees

2017 2016
Average number of employees during the period 2 2

SENSEAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

3. Tangible Assets

Total
Cost £
At 01 August 2016 99,854
At 31 July 2017 99,854
Depreciation
At 01 August 2016 85,316
Charge for year 11,605
At 31 July 2017 96,921
Net book value
At 31 July 2017 2,933
At 31 July 2016 14,538

SENSEAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

4. Fixed investments

Fixed Investment stated at cost : £7,018

SENSEAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2017

5. Creditors: amounts falling due after more than one year note

Obligations under finance lease and hire purchase contracts ; £12,966 (2016: £26,341)Other Creditors: £9,402 (2016: £12,368)