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
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
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
Marc Samuels Limited
Statement of financial position
as at 30 June 2023
Tangible assets
3,703
3,324
Inventories
304,368
234,679
Cash at bank and in hand
237,725
227,645
Creditors: amounts falling due within one year
(177,513)
(174,214)
Net current assets
379,019
301,673
Net assets
382,722
304,997
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
Marc Samuels Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 30 June 2023
3,367
3,174
1,738
8,279
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
At 30 June 2023
1,152
1,359
1,192
3,703
At 30 June 2022
1,488
1,243
593
3,324
Marc Samuels Limited
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Accrued income and prepayments
11,294
9,000
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
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).