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Company Registration No. 10274174 (England and Wales)
Marc Samuels Limited Unaudited accounts for the year ended 30 June 2023
Marc Samuels Limited Unaudited accounts Contents
Page
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Marc Samuels Limited Company Information for the year ended 30 June 2023
Director
Marc Adrian Samuels
Company Number
10274174 (England and Wales)
Registered Office
1 The Glen Worthing West Sussex BN13 2AD England
Accountants
Darling & Co 1 The Glen Worthing West Sussex BN13 2AD
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Marc Samuels Limited Accountants' report
Accountants' report to the director of Marc Samuels Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Marc Samuels Limited for the year ended 30 June 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Marc Samuels Limited, as a body, in accordance with the terms of our engagement letter dated 12 July 2016. Our work has been undertaken solely to prepare for your approval the accounts of Marc Samuels Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marc Samuels Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Marc Samuels Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Marc Samuels Limited. You consider that Marc Samuels Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Marc Samuels Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Darling & Co 1 The Glen Worthing West Sussex BN13 2AD 8 April 2024
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Marc Samuels Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,703 
3,324 
Current assets
Inventories
304,368 
234,679 
Debtors
14,439 
13,563 
Cash at bank and in hand
237,725 
227,645 
556,532 
475,887 
Creditors: amounts falling due within one year
(177,513)
(174,214)
Net current assets
379,019 
301,673 
Net assets
382,722 
304,997 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
382,622 
304,897 
Shareholders' funds
382,722 
304,997 
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 April 2024 and were signed on its behalf by
Marc Adrian Samuels Director Company Registration No. 10274174
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Marc Samuels Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Marc Samuels Limited is a private company, limited by shares, registered in England and Wales, registration number 10274174. The registered office is 1 The Glen, Worthing, West Sussex, BN13 2AD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over ten years
Fixtures & fittings
over ten years
Computer equipment
over ten years
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
3,367 
2,757 
998 
7,122 
Additions
- 
417 
740 
1,157 
At 30 June 2023
3,367 
3,174 
1,738 
8,279 
Depreciation
At 1 July 2022
1,879 
1,514 
405 
3,798 
Charge for the year
336 
301 
141 
778 
At 30 June 2023
2,215 
1,815 
546 
4,576 
Net book value
At 30 June 2023
1,152 
1,359 
1,192 
3,703 
At 30 June 2022
1,488 
1,243 
593 
3,324 
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Marc Samuels Limited Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,620 
575 
Accrued income and prepayments
11,294 
9,000 
Other debtors
1,525 
3,988 
14,439 
13,563 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
58,180 
47,683 
Taxes and social security
62,320 
40,050 
Other creditors
8,083 
8,094 
Loans from directors
48,830 
78,322 
Accruals
100 
65 
177,513 
174,214 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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