Company Registration No. 06722107 (England and Wales)
Samagri Limited
Unaudited accounts
for the year ended 31 March 2024
Samagri Limited
Unaudited accounts
Contents
Samagri Limited
Company Information
for the year ended 31 March 2024
Directors
Stephen Berry
Sam Berry
Tarnya Calver
Company Number
06722107 (England and Wales)
Registered Office
Manor Court Store
Scratchface Lane
Herriard
Hampshire
RG25 2TX
Accountants
Black & White Chartered Certified Accountants
2-3 Stable Court
Herriard Park
Herriard
Hampshire
RG25 2PL
Samagri Limited
Statement of financial position
as at 31 March 2024
Tangible assets
332,704
303,140
Inventories
654,434
521,459
Cash at bank and in hand
178,961
300,451
Creditors: amounts falling due within one year
(406,763)
(450,236)
Net current assets
565,882
633,731
Total assets less current liabilities
898,586
936,871
Creditors: amounts falling due after more than one year
(96,818)
(92,371)
Provisions for liabilities
Deferred tax
(63,214)
(57,599)
Net assets
738,554
786,901
Called up share capital
100
100
Profit and loss account
738,454
786,801
Shareholders' funds
738,554
786,901
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 7 June 2024 and were signed on its behalf by
Stephen Berry
Director
Company Registration No. 06722107
Samagri Limited
Notes to the Accounts
for the year ended 31 March 2024
Samagri Limited is a private company, limited by shares, registered in England and Wales, registration number 06722107. The registered office is Manor Court Store, Scratchface Lane, Herriard, Hampshire, RG25 2TX.
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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% Reducing Balance
Motor vehicles
25% straight line
Fixtures & fittings
33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Samagri Limited
Notes to the Accounts
for the year ended 31 March 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
817,387
22,833
4,352
844,572
Additions
157,328
-
458
157,786
Disposals
(95,442)
-
-
(95,442)
At 31 March 2024
879,273
22,833
4,810
906,916
At 1 April 2023
520,097
17,125
4,210
541,432
Charge for the year
108,135
5,708
285
114,128
Surplus on revaluation
(21,164)
-
-
(21,164)
On disposals
(60,184)
-
-
(60,184)
At 31 March 2024
546,884
22,833
4,495
574,212
At 31 March 2024
332,389
-
315
332,704
At 31 March 2023
297,290
5,708
142
303,140
Amounts falling due within one year
Trade debtors
113,730
229,180
Accrued income and prepayments
25,520
32,877
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,146
6,189
Obligations under finance leases and hire purchase contracts
33,972
40,870
Trade creditors
192,194
182,215
Taxes and social security
2,986
52,981
Loans from directors
154,234
165,002
Samagri Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
74,379
61,787
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).