SAMAD OVERSEAS SERVICE (UK) LTD
Registered number: 07566657
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 88,825 94,967
Cash at bank and in hand 15,523 18,034
104,348 113,001
Creditors: amounts falling due within one year 4 (12,165) (21,367)
Net current assets 92,183 91,634
Net assets 92,183 91,634
Capital and reserves
Called up share capital 40,000 40,000
Profit and loss account 52,183 51,634
Shareholders' funds 92,183 91,634
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR AZAD AHMED
Director
Approved by the board on 31 July 2024
SAMAD OVERSEAS SERVICE (UK) LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Debtors 2024 2023
£ £
Trade debtors 11,866 19,355
Other debtors 76,959 75,612
88,825 94,967
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,257 14,180
Corporation tax 129 314
Other taxes and social security costs 287 2,265
Other creditors 5,492 4,608
12,165 21,367
5 Other information
SAMAD OVERSEAS SERVICE (UK) LTD is a private company limited by shares and incorporated in England. Its registered office is:
20 LANGLEY ROAD
SLOUGH
BERKSHIRE
SL3 7AB
2024
£
6 BSP Outstanding Cash Sales 3,686
SAMAD OVERSEAS SERVICE (UK) LTD 07566657 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 MR AZAD AHMED No description of principal activity 07566657 2022-04-01 2023-03-31 07566657 core:WithinOneYear 2023-03-31 07566657 core:ShareCapital 2023-03-31 07566657 core:RetainedEarningsAccumulatedLosses 2023-03-31 07566657 2023-04-01 2024-03-31 07566657 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07566657 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07566657 bus:Director40 2023-04-01 2024-03-31 07566657 1 2023-04-01 2024-03-31 07566657 2 2023-04-01 2024-03-31 07566657 countries:England 2023-04-01 2024-03-31 07566657 bus:FRS102 2023-04-01 2024-03-31 07566657 bus:FilletedAccounts 2023-04-01 2024-03-31 07566657 2024-03-31 07566657 core:WithinOneYear 2024-03-31 07566657 core:ShareCapital 2024-03-31 07566657 core:RetainedEarningsAccumulatedLosses 2024-03-31 07566657 2023-03-31 iso4217:GBP xbrli:pure