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REGISTERED NUMBER: 07438509 (England and Wales)











SAM SALMONS DESIGNS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023






SAM SALMONS DESIGNS LIMITED (REGISTERED NUMBER: 07438509)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


SAM SALMONS DESIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTOR: Mrs S Lamb





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 07438509 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

SAM SALMONS DESIGNS LIMITED (REGISTERED NUMBER: 07438509)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,367 -

CURRENT ASSETS
Stocks 17,000 17,000
Debtors 5 13,086 9,312
Cash at bank 13,220 32,541
43,306 58,853
CREDITORS
Amounts falling due within one year 6 12,676 9,329
NET CURRENT ASSETS 30,630 49,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,997

49,524

CREDITORS
Amounts falling due after more than one
year

7

3,239

4,735
NET ASSETS 30,758 44,789

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 30,757 44,788
SHAREHOLDERS' FUNDS 30,758 44,789

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 director acknowledges her 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 SALMONS DESIGNS LIMITED (REGISTERED NUMBER: 07438509)

BALANCE SHEET - 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 director and authorised for issue on 24th January 2024 and were signed by:





Mrs S Lamb - Director


SAM SALMONS DESIGNS LIMITED (REGISTERED NUMBER: 07438509)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023


1. STATUTORY INFORMATION

Sam Salmons Designs 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 - 25% on cost

Government grants
Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SAM SALMONS DESIGNS LIMITED (REGISTERED NUMBER: 07438509)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st June 2022 873
Additions 4,490
At 31st May 2023 5,363
DEPRECIATION
At 1st June 2022 873
Charge for year 1,123
At 31st May 2023 1,996
NET BOOK VALUE
At 31st May 2023 3,367
At 31st May 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,350 -
Other debtors 9,736 9,312
13,086 9,312

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,496 1,459
Trade creditors 3,006 -
Other creditors 8,174 7,870
12,676 9,329

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 3,239 4,735

SAM SALMONS DESIGNS LIMITED (REGISTERED NUMBER: 07438509)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 7,061 7,061
Between one and five years 19,419 26,481
26,480 33,542

The company has the above commitment under a leasing agreement in respect of rent payable.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mrs S Lamb
Balance outstanding at start of year 3,444 -
Amounts advanced 6,301 3,444
Amounts repaid (3,444 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,301 3,444