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REGISTERED NUMBER: 07909472 (England and Wales)










SAM'S CLUB LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MARCH 2023






SAM'S CLUB LIMITED (REGISTERED NUMBER: 07909472)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAM'S CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 MARCH 2023







DIRECTOR: S J Taylor





REGISTERED OFFICE: PO Box 4905
26 Brazier Way
Shrewsbury
Shropshire
SY1 9RH





REGISTERED NUMBER: 07909472 (England and Wales)





ACCOUNTANTS: Harvey Telford & Bates Chartered Accountants
10 Park Plaza
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3AF

SAM'S CLUB LIMITED (REGISTERED NUMBER: 07909472)

BALANCE SHEET
29 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,412 129,622

CURRENT ASSETS
Stocks 10,960 12,352
Debtors 5 316,721 256,571
Cash at bank and in hand 58,249 99,041
385,930 367,964
CREDITORS
Amounts falling due within one year 6 349,018 328,123
NET CURRENT ASSETS 36,912 39,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,324

169,463

CREDITORS
Amounts falling due after more than
one year

7

(29,560

)

(34,792

)

PROVISIONS FOR LIABILITIES (10,841 ) (10,841 )
NET ASSETS 134,923 123,830

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 133,923 122,830
SHAREHOLDERS' FUNDS 134,923 123,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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'S CLUB LIMITED (REGISTERED NUMBER: 07909472)

BALANCE SHEET - continued
29 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





S J Taylor - Director


SAM'S CLUB LIMITED (REGISTERED NUMBER: 07909472)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2023

1. STATUTORY INFORMATION

Sam's Club 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.

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.

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.

SAM'S CLUB LIMITED (REGISTERED NUMBER: 07909472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30 March 2022 140,128 174,382 314,510
Additions - 39,522 39,522
At 29 March 2023 140,128 213,904 354,032
DEPRECIATION
At 30 March 2022 76,516 108,372 184,888
Charge for year 9,342 21,390 30,732
At 29 March 2023 85,858 129,762 215,620
NET BOOK VALUE
At 29 March 2023 54,270 84,142 138,412
At 29 March 2022 63,612 66,010 129,622

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 305,975 256,571
Other debtors 10,746 -
316,721 256,571

SAM'S CLUB LIMITED (REGISTERED NUMBER: 07909472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 72,575 13,762
Trade creditors 22,055 51,108
Amounts owed to group undertakings 46,714 47,264
Taxation and social security 106,675 33,226
Other creditors 100,999 182,763
349,018 328,123

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 29,560 34,792