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REGISTERED NUMBER: 06865950 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MARK SAMUEL TRADING COMPANY LIMITED

MARK SAMUEL TRADING COMPANY LIMITED (REGISTERED NUMBER: 06865950)

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


MARK SAMUEL TRADING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M P Samuel
P Samuel





SECRETARY: M P Samuel





REGISTERED OFFICE: 21 King Harry Lane
St Albans
Hertfordshire
AL3 4AS





REGISTERED NUMBER: 06865950 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

MARK SAMUEL TRADING COMPANY LIMITED (REGISTERED NUMBER: 06865950)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,006 1,758
Investments 5 364,264 364,264
366,270 366,022

CURRENT ASSETS
Stocks 157,914 138,150
Debtors 6 437,782 1,127,953
Cash at bank 1,832,444 1,338,740
2,428,140 2,604,843
CREDITORS
Amounts falling due within one year 7 1,560,140 2,043,070
NET CURRENT ASSETS 868,000 561,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,234,270

927,795

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 1,234,170 927,695
SHAREHOLDERS' FUNDS 1,234,270 927,795

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 directors acknowledge their 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.

MARK SAMUEL TRADING COMPANY LIMITED (REGISTERED NUMBER: 06865950)

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 Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





M P Samuel - Director


MARK SAMUEL TRADING COMPANY LIMITED (REGISTERED NUMBER: 06865950)

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


1. STATUTORY INFORMATION

Mark Samuel Trading Company Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

MARK SAMUEL TRADING COMPANY LIMITED (REGISTERED NUMBER: 06865950)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheetbalance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the monthly weighted average rate. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 1,308 7,916 9,224
Additions - 750 750
At 31 March 2023 1,308 8,666 9,974
DEPRECIATION
At 1 April 2022 1,070 6,396 7,466
Charge for year 48 454 502
At 31 March 2023 1,118 6,850 7,968
NET BOOK VALUE
At 31 March 2023 190 1,816 2,006
At 31 March 2022 238 1,520 1,758

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2022
and 31 March 2023 364,264
NET BOOK VALUE
At 31 March 2023 364,264
At 31 March 2022 364,264

MARK SAMUEL TRADING COMPANY LIMITED (REGISTERED NUMBER: 06865950)

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


5. FIXED ASSET INVESTMENTS - continued

Unlisted investments are stated at cost as it is not possible to reliably obtain a market value for these.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 412,187 1,069,013
Other debtors - 1,582
VAT - 32,888
Prepayments and accrued income 25,595 24,470
437,782 1,127,953

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,369,467 1,914,371
Tax 149,168 88,403
Social security and other taxes 1,524 -
VAT 99 -
Other creditors 701 1,869
Directors' current accounts 284 5,059
Accruals 38,897 33,368
1,560,140 2,043,070

8. RESERVES
Retained
earnings
£   

At 1 April 2022 927,695
Profit for the year 636,475
Dividends (330,000 )
At 31 March 2023 1,234,170

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors due within one year is £284 (2022 - £5,059) of loan from M P Samuel, the director of the company.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £198,000 (2022 - £180,000) were paid to the directors .

MARK SAMUEL TRADING COMPANY LIMITED (REGISTERED NUMBER: 06865950)

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


11. CONTROL

The director, Mr M P Samuel, and his wife controls the company by virtue of them holding 80% of the issued share capital of the company.