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REGISTERED NUMBER: 12410571 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SAM COWLEY LTD

SAM COWLEY LTD (REGISTERED NUMBER: 12410571)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAM COWLEY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr S Cowley
Mrs C Cowley





REGISTERED OFFICE: Haywards Heath Golf Club
High Beech Lane
Lindfield
Haywards Heath
West Sussex
RH16 1SL





REGISTERED NUMBER: 12410571 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

SAM COWLEY LTD (REGISTERED NUMBER: 12410571)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,774 13,032

CURRENT ASSETS
Stocks 49,302 44,972
Debtors 5 2,043 2,301
Investments 6 760 760
Cash at bank and in hand 30,502 37,297
82,607 85,330
CREDITORS
Amounts falling due within one year 7 (82,080 ) (89,219 )
NET CURRENT ASSETS/(LIABILITIES) 527 (3,889 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,301

9,143

PROVISIONS FOR LIABILITIES 8 (1,857 ) (2,476 )
NET ASSETS 8,444 6,667

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,344 6,567
SHAREHOLDERS' FUNDS 8,444 6,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 COWLEY LTD (REGISTERED NUMBER: 12410571)

BALANCE SHEET - continued
31 JANUARY 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





Mr S Cowley - Director


SAM COWLEY LTD (REGISTERED NUMBER: 12410571)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Sam Cowley 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.

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

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

SAM COWLEY LTD (REGISTERED NUMBER: 12410571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 18,567
DEPRECIATION
At 1 February 2023 5,535
Charge for year 3,258
At 31 January 2024 8,793
NET BOOK VALUE
At 31 January 2024 9,774
At 31 January 2023 13,032

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,043 2,227
Other debtors - 74
2,043 2,301

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 760 760

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,057 10,075
Taxation and social security 7,250 9,419
Other creditors 61,773 69,725
82,080 89,219

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,857 2,476

SAM COWLEY LTD (REGISTERED NUMBER: 12410571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 2,476
Capital allowances in advance (619 )
of depreciation
Balance at 31 January 2024 1,857