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REGISTERED NUMBER: 09298241















Financial Statements for the Year Ended 31 March 2023

for

SAMUELSONS & COMPANY LIMITED

SAMUELSONS & COMPANY LIMITED (REGISTERED NUMBER: 09298241)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAMUELSONS & COMPANY LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Dr S Ayoade





REGISTERED OFFICE: The Brentano Suite, Solar House
915 High Road
North Finchley
N12 8QJ





REGISTERED NUMBER: 09298241





ACCOUNTANTS: Samuelsons & Co
Chartered Certified Accountants
The Brentano Suite
Solar House
915 High Road
North Finchley
London
N12 8QJ

SAMUELSONS & COMPANY LIMITED (REGISTERED NUMBER: 09298241)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,500 10,500
Tangible assets 5 15,396 16,476
25,896 26,976

CURRENT ASSETS
Debtors 6 35,048 35,295
Cash at bank and in hand 54,199 68,621
89,247 103,916
CREDITORS
Amounts falling due within one year 7 36,024 45,122
NET CURRENT ASSETS 53,223 58,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,119

85,770

CREDITORS
Amounts falling due after more than one
year

8

18,339

20,821
NET ASSETS 60,780 64,949

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 60,680 64,849
SHAREHOLDERS' FUNDS 60,780 64,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

SAMUELSONS & COMPANY LIMITED (REGISTERED NUMBER: 09298241)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





Dr S Ayoade - Director


SAMUELSONS & COMPANY LIMITED (REGISTERED NUMBER: 09298241)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Samuelsons & Company Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SAMUELSONS & COMPANY LIMITED (REGISTERED NUMBER: 09298241)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,500
NET BOOK VALUE
At 31 March 2023 10,500
At 31 March 2022 10,500

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022 24,070
Additions 1,120
At 31 March 2023 25,190
DEPRECIATION
At 1 April 2022 7,594
Charge for year 2,200
At 31 March 2023 9,794
NET BOOK VALUE
At 31 March 2023 15,396
At 31 March 2022 16,476

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 33,195 33,442
Other debtors 1,853 1,853
35,048 35,295

SAMUELSONS & COMPANY LIMITED (REGISTERED NUMBER: 09298241)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 11,584 18,370
Amounts owed to group undertakings - 12,000
Tax 2,501 2,580
VAT 3,157 1,953
Pensions control 148 -
Directors' current accounts 15,959 10,219
Accrued expenses 2,675 -
36,024 45,122

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Barclays BB loans - 2-5 years 18,339 20,821

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2022 64,849
Profit for the year 5,831
Dividends (10,000 )
At 31 March 2023 60,680