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SAMUEL ELECTRICS LIMITED
Registered Number:11181536
For the year ended 28 February 2023
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 28 February 2023
SAMUEL ELECTRICS LIMITED
Contents Page
Company Information
1
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6 to 7
Notes to the Financial Statements
3
For the year ended 28 February 2023
SAMUEL ELECTRICS LIMITED
Company Information
NICOLA EVANS
Director
11181536
Registered Number
TY-YSGUBOR
Registered Office
NEWBRIDGE-ON-WYE
LLANDRINDOD WELLS
LD1 6NP
DAVIES JOHN ACCOUNTANTS LIMITED
Accountants
TIMES BUILDING
SOUTH CRESCENT
LLANDRINDOD WELLS
LD1 5DH
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4
For the year ended 28 February 2023
SAMUEL ELECTRICS LIMITED
Director's Report
The director presents his report and financial statements for the year ended 28 February 2023.
Principal activities
The principal activity of the company continued to be that of
Director
The director who served the company throughout the year was as follows:
NICOLA EVANS
NICOLA EVANS
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
30 October 2023
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5
For the year ended 28 February 2023
SAMUEL ELECTRICS LIMITED
Independent Accountants' Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements
for the year ended 28 February 2023 and you consider that the company is exempt from an audit under the
Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in
order to assist you to fulfil your statutory responsibilities, from the accounting records and information and
explanations supplied to us.
DAVIES JOHN ACCOUNTANTS LIMITED
ACCOUNTANT
WINSTON PHILLIPS
TIMES BUILDING
SOUTH CRESCENT
LLANDRINDOD WELLS
LD1 5DH
Date:
27 October 2023
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6
For the year ended 28 February 2023
SAMUEL ELECTRICS LIMITED
Income Statement
2022
£
2023
£
Turnover
152,731
59,067
(42,818)
Cost of sales
(80,907)
16,249
Gross profit
71,824
Administrative expenses
(24,847)
(25,545)
Operating profit
46,977
(9,296)
46,977
(9,296)
Profit before taxation
46,977
Profit for the financial year
(9,296)
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7
Registered Number :
11181536
As at 28 February 2023
SAMUEL ELECTRICS LIMITED
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
34,006
20,251
2
34,006
20,251
Current assets
Trade and other receivables
-
3,490
3
6,780
Cash and cash equivalents
14,162
17,652
6,780
Trade and other payables: amounts falling due within one
year
-
(3,000)
4
6,780
14,652
Net current assets
Total assets less current liabilities
48,658
27,031
Trade and other payables: amounts falling due after more
than one year
(25,350)
-
5
48,658
Net assets
1,681
Capital and reserves
Retained earnings
48,658
1,681
48,658
1,681
Shareholders' funds
For the year ended 28 February 2023 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
NICOLA EVANS
These financial statements were approved and authorised for issue by the Board on 30 October 2023 and were signed by:
The notes form part of these financial statements
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8
For the year ended 28 February 2023
SAMUEL ELECTRICS LIMITED
Notes to the Financial Statements
Statutory Information
SAMUEL ELECTRICS LIMITED is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11181536.
Registered address:
TY-YSGUBOR
NEWBRIDGE-ON-WYE
LLANDRINDOD WELLS
LD1 6NP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 March 2022
41,794
26,000
15,794
17,400
-
17,400
Additions
At 28 February 2023
33,194
26,000
59,194
Provision for depreciation and impairment
At 01 March 2022
21,543
12,923
8,620
Charge for year
3,645
2,354
1,291
At 28 February 2023
25,188
15,277
9,911
At 28 February 2023
Net book value
23,283
10,723
34,006
At 28 February 2022
7,174
13,077
20,251
3. Trade and other receivables
2022
2023
£
£
Trade debtors
3,490
-
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9
For the year ended 28 February 2023
SAMUEL ELECTRICS LIMITED
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
3,000
-
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
-
25,350
6. Average number of persons employed
During the year the average number of employees was 0
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