Samawi Limited 07217585 false 2023-04-30 2024-02-29 2024-02-29 The principal activity of the company is buying and selling of properties. Digita Accounts Production Advanced 6.30.9574.0 true 07217585 2023-04-30 2024-02-29 07217585 2024-02-29 07217585 bus:OrdinaryShareClass1 2024-02-29 07217585 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 07217585 bus:SmallEntities 2023-04-30 2024-02-29 07217585 bus:AuditExemptWithAccountantsReport 2023-04-30 2024-02-29 07217585 bus:FullAccounts 2023-04-30 2024-02-29 07217585 bus:SmallCompaniesRegimeForAccounts 2023-04-30 2024-02-29 07217585 bus:RegisteredOffice 2023-04-30 2024-02-29 07217585 bus:Director2 2023-04-30 2024-02-29 07217585 bus:OrdinaryShareClass1 2023-04-30 2024-02-29 07217585 bus:PrivateLimitedCompanyLtd 2023-04-30 2024-02-29 07217585 countries:EnglandWales 2023-04-30 2024-02-29 07217585 2022-04-30 2023-04-29 07217585 2023-04-29 07217585 bus:OrdinaryShareClass1 2023-04-29 07217585 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-29 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07217585

Samawi Limited

Unaudited Filleted Financial Statements

for the Period from 30 April 2023 to 29 February 2024

 

Samawi Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Samawi Limited

Company Information

Director

Mrs Suad Abed Abbas

Registered office

1ST Floor 6 St Johns Court
Swansea Enterprise Park
Swansea
C & C of Swansea
SA6 8QQ

Accountants

DRP + Co Accountants Limited
1st Floor 6 St Johns Court
Upper Fforest Way
Swansea
C & C of Swansea
SA6 8QQ

 

Samawi Limited

(Registration number: 07217585)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

61,643

61,019

Cash at bank and in hand

 

393

393

 

62,036

61,412

Creditors: Amounts falling due within one year

5

(64,844)

(63,820)

Net liabilities

 

(2,808)

(2,408)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(2,908)

(2,508)

Shareholders' deficit

 

(2,808)

(2,408)

For the financial period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 April 2024
 

.........................................
Mrs Suad Abed Abbas
Director

 

Samawi Limited

Notes to the Unaudited Financial Statements for the Period from 30 April 2023 to 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1ST Floor 6 St Johns Court
Swansea Enterprise Park
Swansea
C & C of Swansea
SA6 8QQ
United Kingdom

These financial statements were authorised for issue by the director on 5 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Samawi Limited

Notes to the Unaudited Financial Statements for the Period from 30 April 2023 to 29 February 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Stocks

2024
£

2023
£

Other inventories

61,643

61,019

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

600

1,208

Other creditors

64,244

62,612

64,844

63,820

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinay of £1 each

100

100

100

100