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REGISTERED NUMBER: 09427970 (England and Wales)















SAMIA DAIRY LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2023






SAMIA DAIRY LIMITED (REGISTERED NUMBER: 09427970)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAMIA DAIRY LIMITED

Company Information
for the year ended 31 December 2023







Director: S Di Vietri





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 09427970 (England and Wales)





Accountants: Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

SAMIA DAIRY LIMITED (REGISTERED NUMBER: 09427970)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
Fixed assets
Intangible assets 4 1,085 2,170
Tangible assets 5 82,067 73,650
Investments 6 35,989 35,989
119,141 111,809

Current assets
Stocks 9,147 12,359
Debtors 7 73,034 55,235
Cash at bank and in hand 435,809 276,861
517,990 344,455
Creditors
Amounts falling due within one year 8 (88,765 ) (70,205 )
Net current assets 429,225 274,250
Total assets less current liabilities 548,366 386,059

Creditors
Amounts falling due after more than one
year

9

(664,924

)

(659,319

)
Net liabilities (116,558 ) (273,260 )

Capital and reserves
Called up share capital 11 100 100
Retained earnings 12 (116,658 ) (273,360 )
Shareholders' funds (116,558 ) (273,260 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SAMIA DAIRY LIMITED (REGISTERED NUMBER: 09427970)

Balance Sheet - continued
31 December 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 14 August 2024 and were signed by:





S Di Vietri - Director


SAMIA DAIRY LIMITED (REGISTERED NUMBER: 09427970)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Samia Dairy 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 represents amounts receivable for goods provided in the year and is stated net of VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

SAMIA DAIRY LIMITED (REGISTERED NUMBER: 09427970)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties and loans to related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans
and other accounts receivable and payable, are initially measured at present value of the future cash
flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference
between an asset's carrying amount and the present value of estimated cash flows discounted at the
asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate
for measuring any impairment loss is the current effective interest rate determined under the contract.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
As at 31 December 2022 the company's liabilities exceeded its assets. The company has received assurance from the director, that she will continue to give financial support to the company for a period of twelve months from the date of signing these financial statements and defer repayment of its loan in favour of other creditors.

On this basis, the director considered it appropriate to prepare the financial statements on a going concern basis.

3. Employees and directors

The average number of employees during the year was 8 (2022 - 9 ) .

SAMIA DAIRY LIMITED (REGISTERED NUMBER: 09427970)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Intangible fixed assets
Development
costs
£
Cost
At 1 January 2023
and 31 December 2023 36,696
Amortisation
At 1 January 2023 34,526
Amortisation for year 1,085
At 31 December 2023 35,611
Net book value
At 31 December 2023 1,085
At 31 December 2022 2,170

5. Tangible fixed assets
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
Cost
At 1 January 2023 61,477 180,920 47,786
Additions 16,859 6,227 6,157
At 31 December 2023 78,336 187,147 53,943
Depreciation
At 1 January 2023 59,839 119,732 46,115
Charge for year 4,389 6,742 1,941
At 31 December 2023 64,228 126,474 48,056
Net book value
At 31 December 2023 14,108 60,673 5,887
At 31 December 2022 1,638 61,188 1,671

SAMIA DAIRY LIMITED (REGISTERED NUMBER: 09427970)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 January 2023 33,250 7,533 330,966
Additions - - 29,243
At 31 December 2023 33,250 7,533 360,209
Depreciation
At 1 January 2023 26,600 5,030 257,316
Charge for year 6,650 1,104 20,826
At 31 December 2023 33,250 6,134 278,142
Net book value
At 31 December 2023 - 1,399 82,067
At 31 December 2022 6,650 2,503 73,650

6. Fixed asset investments
Other
investments
£
Cost
At 1 January 2023
and 31 December 2023 35,989
Net book value
At 31 December 2023 35,989
At 31 December 2022 35,989

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 54,220 41,901
Other debtors 18,814 13,334
73,034 55,235

SAMIA DAIRY LIMITED (REGISTERED NUMBER: 09427970)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 6,617 6,617
Trade creditors 44,913 27,353
Taxation and social security 34,221 21,001
Other creditors 3,014 15,234
88,765 70,205

9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 33,044 38,016
Other creditors 631,880 621,303
664,924 659,319

10. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 22,500 22,125
Between one and five years 55,275 77,775
77,775 99,900

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

12. Reserves
Retained
earnings
£

At 1 January 2023 (273,360 )
Profit for the year 156,702
At 31 December 2023 (116,658 )

13. Related party disclosures

As at 31 December 2023 the company owed its director £631,881 (2022: £621,302). This is included in the accounts as a creditor falling due after more than one year.