Sen Corporation Limited

Sen Corporation Limited

SEN CORPORATION LIMITED - Company Information

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1 January 2020 false No description of principal activity Taxfiler 2020.15 06270642business:PrivateLimitedCompanyLtd2020-01-012020-12-31 062706422019-12-31 062706422020-01-012020-12-31 06270642business:AuditExemptWithAccountantsReport2020-01-012020-12-31 06270642business:FullAccounts2020-01-012020-12-31 062706422020-12-31 06270642business:Director12020-01-012020-12-31 06270642business:CompanySecretary12020-01-012020-12-31 06270642business:RegisteredOffice2020-01-012020-12-31 062706422019-12-31 06270642core:WithinOneYear2020-12-31 06270642core:WithinOneYear2019-12-31 06270642core:AfterOneYear2020-12-31 06270642core:AfterOneYear2019-12-31 06270642core:ShareCapital2020-12-31 06270642core:ShareCapital2019-12-31 06270642core:SharePremium2020-12-31 06270642core:SharePremium2019-12-31 06270642core:RetainedEarningsAccumulatedLosses2020-12-31 06270642core:RetainedEarningsAccumulatedLosses2019-12-31 06270642business:SmallEntities2020-01-012020-12-31 06270642countries:EnglandWales2020-01-012020-12-31 06270642core:FurnitureFittings2020-01-012020-12-31 06270642core:ComputerEquipment2020-01-012020-12-31 06270642core:IntangibleAssetsOtherThanGoodwill2019-12-31 06270642core:IntangibleAssetsOtherThanGoodwill2020-12-31 06270642core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-31 06270642core:FurnitureFittings2019-12-31 06270642core:ComputerEquipment2019-12-31 06270642core:FurnitureFittings2020-12-31 06270642core:ComputerEquipment2020-12-31 06270642core:AdditionsToInvestments2020-12-31 06270642business:OrdinaryShareClass12020-01-012020-12-31 06270642business:OrdinaryShareClass12019-01-012019-12-31 06270642core:BetweenOneFiveYears2020-12-31 06270642core:BetweenOneFiveYears2019-12-31 062706422019-01-012019-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06270642 (England and Wales)
Sen Corporation Limited Unaudited accounts for the year ended 31 December 2020
Sen Corporation Limited Unaudited accounts Contents
Page
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Sen Corporation Limited Company Information for the year ended 31 December 2020
Director
Charles Michael Andrew Black
Secretary
J P Coppen
Company Number
06270642 (England and Wales)
Registered Office
33 Great Sutton Street London EC1V 0DX
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Sen Corporation Limited Accountants' report
Accountants' report to the director of Sen Corporation Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sen Corporation Limited for the year ended 31 December 2020 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Sen Corporation Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Sen Corporation Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sen Corporation Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sen Corporation Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Sen Corporation Limited. You consider that Sen Corporation Limited 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 Sen Corporation Limited. 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 statutory accounts.
3 February 2021
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Sen Corporation Limited Statement of financial position as at 31 December 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
374,595 
374,737 
Tangible assets
5
40,219 
23,020 
Investments
6
7,849 
- 
422,663 
397,757 
Current assets
Debtors
7
115,674 
122,435 
Cash at bank and in hand
185,281 
279,214 
300,955 
401,649 
Creditors: amounts falling due within one year
8
(131,307)
(61,393)
Net current assets
169,648 
340,256 
Total assets less current liabilities
592,311 
738,013 
Creditors: amounts falling due after more than one year
9
- 
(60,623)
Net assets
592,311 
677,390 
Capital and reserves
Called up share capital
10
273,813 
244,850 
Share premium
3,110,688 
1,981,150 
Profit and loss account
(2,792,190)
(1,548,610)
Shareholders' funds
592,311 
677,390 
For the year ending 31 December 2020 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 February 2021 and were signed on its behalf by
Charles Michael Andrew Black Director Company Registration No. 06270642
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Sen Corporation Limited Notes to the Accounts for the year ended 31 December 2020
1
Statutory information
Sen Corporation Limited is a private company, limited by shares, registered in England and Wales, registration number 06270642. The registered office is 33 Great Sutton Street, London, EC1V 0DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2020
377,344 
At 31 December 2020
377,344 
Amortisation
At 1 January 2020
2,607 
Charge for the year
142 
At 31 December 2020
2,749 
Net book value
At 31 December 2020
374,595 
At 31 December 2019
374,737 
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Sen Corporation Limited Notes to the Accounts for the year ended 31 December 2020
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2020
11,327 
19,035 
30,362 
Additions
20,779 
7,141 
27,920 
At 31 December 2020
32,106 
26,176 
58,282 
Depreciation
At 1 January 2020
2,402 
4,940 
7,342 
Charge for the year
5,916 
4,805 
10,721 
At 31 December 2020
8,318 
9,745 
18,063 
Net book value
At 31 December 2020
23,788 
16,431 
40,219 
At 31 December 2019
8,925 
14,095 
23,020 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2020
- 
Additions
7,849 
Valuation at 31 December 2020
7,849 
The company owns 100% of the issued share capital in Sen TV Inc, a company incorporated in Delaware State, USA
7
Debtors
2020 
2019 
£ 
£ 
VAT
15,744 
- 
Accrued income and prepayments
52,217 
38,072 
Other debtors
47,713 
84,363 
115,674 
122,435 
8
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
29,033 
35,953 
Trade creditors
49,225 
26,886 
Taxes and social security
16,363 
(6,644)
Other creditors
4,097 
3,798 
Accruals
32,589 
1,400 
131,307 
61,393 
9
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
60,623 
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Sen Corporation Limited Notes to the Accounts for the year ended 31 December 2020
10
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
27,381,256 Ordinary shares of £0.01 each
273,812.56 
244,850.06 
Shares issued during the period:
2,896,250 Ordinary shares of £0.01 each
28,962.50 
11
Operating lease commitments
2020 
2019 
£ 
£ 
At 31 December 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
1 
1 
12
Transactions with related parties
Investment has been made in Sen TV Inc
13
Average number of employees
During the year the average number of employees was 9 (2019: 8).
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