SAMS CUTS LTD

Company Registration Number:
07523699 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

SAMS CUTS LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

SAMS CUTS LTD

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 490 597
Total fixed assets: 490 597
Current assets
Stocks: 876 1,073
Debtors:   8,503 13,555
Cash at bank and in hand: 3,088 1,070
Total current assets: 12,467 15,698
Creditors: amounts falling due within one year:   (5,473) (5,663)
Net current assets (liabilities): 6,994 10,035
Total assets less current liabilities: 7,484 10,632
Creditors: amounts falling due after more than one year:   (6,995) (9,098)
Total net assets (liabilities): 489 1,534
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 488 1,533
Shareholders funds: 489 1,534

The notes form part of these financial statements

SAMS CUTS LTD

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 November 2023
and signed on behalf of the board by:

Name: Mr Samuel Owhoka
Status: Director

The notes form part of these financial statements

SAMS CUTS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SAMS CUTS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 3 2

SAMS CUTS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 5,690
At 28 February 2023 5,690
Depreciation
At 01 March 2022 5,093
Charge for year 107
At 28 February 2023 5,200
Net book value
At 28 February 2023 490
At 28 February 2022 597

SAMS CUTS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Related party transactions

The Company is controlled by Mr Samuel Owhoka, the Company's Managing director. It is confirmed that Director's current account is debited with personal transactions and credited with Director's remuneration as well as Dividends.