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REGISTERED NUMBER: 05422699 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SAM WILCZAK DESIGN LTD

SAM WILCZAK DESIGN LTD (REGISTERED NUMBER: 05422699)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


SAM WILCZAK DESIGN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2023







DIRECTOR: Mr S P Wilczak





REGISTERED OFFICE: The Mount
Park View
Stratton
Cirencester
Gloucestershire
GL7 2JG





REGISTERED NUMBER: 05422699 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

SAM WILCZAK DESIGN LTD (REGISTERED NUMBER: 05422699)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 952 1,269

CURRENT ASSETS
Debtors 5 45,416 31,513
Cash at bank 2,927 8,307
48,343 39,820
CREDITORS
Amounts falling due within one year 6 44,669 28,868
NET CURRENT ASSETS 3,674 10,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,626

12,221

PROVISIONS FOR LIABILITIES 181 317
NET ASSETS 4,445 11,904

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,345 11,804
SHAREHOLDERS' FUNDS 4,445 11,904

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.

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 21 November 2023 and were signed by:





Mr S P Wilczak - Director


SAM WILCZAK DESIGN LTD (REGISTERED NUMBER: 05422699)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023

1. STATUTORY INFORMATION

Sam Wilczak Design Ltd is a private company, limited by shares , registered in England and Wales. 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.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 4,929 18,672 23,601
DEPRECIATION
At 1 April 2022 4,643 17,689 22,332
Charge for year 71 246 317
At 31 March 2023 4,714 17,935 22,649
NET BOOK VALUE
At 31 March 2023 215 737 952
At 31 March 2022 286 983 1,269

SAM WILCZAK DESIGN LTD (REGISTERED NUMBER: 05422699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,416 31,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 240 240
Tax 6,504 3,661
Directors' loan accounts 36,803 23,935
Accrued expenses 1,122 1,032
44,669 28,868

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors is an amount of £1,803 (2022 - £23,935) owing to the director. This amount is interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S P Wilczak.