Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31No description of principal activitytrue22022-11-01false2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12276869 2022-11-01 2023-10-31 12276869 2021-11-01 2022-10-31 12276869 2023-10-31 12276869 2022-10-31 12276869 c:Director1 2022-11-01 2023-10-31 12276869 d:FurnitureFittings 2022-11-01 2023-10-31 12276869 d:FurnitureFittings 2023-10-31 12276869 d:FurnitureFittings 2022-10-31 12276869 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12276869 d:ComputerEquipment 2022-11-01 2023-10-31 12276869 d:ComputerEquipment 2023-10-31 12276869 d:ComputerEquipment 2022-10-31 12276869 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12276869 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12276869 d:CurrentFinancialInstruments 2023-10-31 12276869 d:CurrentFinancialInstruments 2022-10-31 12276869 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12276869 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12276869 d:ShareCapital 2023-10-31 12276869 d:ShareCapital 2022-10-31 12276869 d:RetainedEarningsAccumulatedLosses 2023-10-31 12276869 d:RetainedEarningsAccumulatedLosses 2022-10-31 12276869 c:FRS102 2022-11-01 2023-10-31 12276869 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12276869 c:FullAccounts 2022-11-01 2023-10-31 12276869 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12276869 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Company registration number: 12276869







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2023


SAMMYCO LIMITED






































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SAMMYCO LIMITED
REGISTERED NUMBER:12276869



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,120
9,238

  
9,120
9,238

Current assets
  

Debtors: amounts falling due within one year
 5 
25,500
-

Cash at bank and in hand
  
4,134
23,432

  
29,634
23,432

Creditors: amounts falling due within one year
 6 
(29,781)
(24,150)

Net current liabilities
  
 
 
(147)
 
 
(718)

Total assets less current liabilities
  
8,973
8,520

  

Net assets
  
8,973
8,520


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
8,873
8,420

  
8,973
8,520


Page 1

 


SAMMYCO LIMITED
REGISTERED NUMBER:12276869


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S Beedle
Director

Date: 24 July 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


SAMMYCO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Sammyco 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


SAMMYCO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Computer equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 


SAMMYCO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
1,681
10,240
11,921


Additions
-
2,836
2,836



At 31 October 2023

1,681
13,076
14,757



Depreciation


At 1 November 2022
112
2,571
2,683


Charge for the year on owned assets
336
2,618
2,954



At 31 October 2023

448
5,189
5,637



Net book value



At 31 October 2023
1,233
7,887
9,120



At 31 October 2022
1,569
7,669
9,238


5.


Debtors

2023
2022
£
£


Prepayments and accrued income
25,500
-

25,500
-



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
20,415
19,733

Other taxation and social security
-
183

Other creditors
8,366
3,234

Accruals and deferred income
1,000
1,000

29,781
24,150


Page 5

 


SAMMYCO LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Transactions with directors

At the balance sheet date, the company owed the directors £8,366 (2022: £3,234). This amount is interest-free.


8.


Capital commitments


At 31 October 2023 the Company had capital commitments as follows:

2023
£


Contracted for but not provided in these financial statements
39,198

39,198

 
Page 6