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REGISTERED NUMBER: 11387973 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st May 2023

for

Sam Forster Associates Ltd

Sam Forster Associates Ltd (Registered number: 11387973)






Contents of the Financial Statements
for the Year Ended 31st May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sam Forster Associates Ltd

Company Information
for the Year Ended 31st May 2023







DIRECTORS: S Forster
D Reeves
J Brown
R O'Brien





REGISTERED OFFICE: 272 Regents Park Road
London
N3 3HN





REGISTERED NUMBER: 11387973 (England and Wales)





ACCOUNTANTS: Spencer Hyde Limited
272 Regents Park Road
London
N3 3HN

Sam Forster Associates Ltd (Registered number: 11387973)

Statement of Financial Position
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 252,558 179,406

CURRENT ASSETS
Debtors 5 1,148,392 876,159
Cash at bank and in hand 827,236 588,492
1,975,628 1,464,651
CREDITORS
Amounts falling due within one year 6 1,030,142 561,314
NET CURRENT ASSETS 945,486 903,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,198,044

1,082,743

PROVISIONS FOR LIABILITIES 34,841 17,791
NET ASSETS 1,163,203 1,064,952

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,163,103 1,064,852
1,163,203 1,064,952

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

Sam Forster Associates Ltd (Registered number: 11387973)

Statement of Financial Position - continued
31st May 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 5th April 2024 and were signed on its behalf by:





S Forster - Director


Sam Forster Associates Ltd (Registered number: 11387973)

Notes to the Financial Statements
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

Sam Forster Associates 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.

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 - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Sam Forster Associates Ltd (Registered number: 11387973)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022 285,385
Additions 131,199
Disposals (16,433 )
At 31st May 2023 400,151
DEPRECIATION
At 1st June 2022 105,979
Charge for year 52,848
Eliminated on disposal (11,234 )
At 31st May 2023 147,593
NET BOOK VALUE
At 31st May 2023 252,558
At 31st May 2022 179,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 240,253 362,005
Other debtors 908,139 514,154
1,148,392 876,159

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 127,704 58,095
Amounts owed to group undertakings 418,121 269,400
Taxation and social security 105,047 108,137
Other creditors 379,270 125,682
1,030,142 561,314

Sam Forster Associates Ltd (Registered number: 11387973)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2023 and 31st May 2022:

2023 2022
£    £   
S Forster
Balance outstanding at start of year 4,601 3,515
Amounts advanced - 1,086
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,601 4,601

D Reeves
Balance outstanding at start of year 59,677 534,519
Amounts advanced - 64,509
Amounts repaid (59,677 ) (539,351 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 59,677

At the Balance sheet date there was an advance due from directors, Interest has been charged at the overdrawn balances.