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Company Registration No. 12467933 (England and Wales)
Samuola Limited Unaudited accounts for the year ended 31 March 2024
Samuola Limited Unaudited accounts Contents
Page
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Samuola Limited Company Information for the year ended 31 March 2024
Director
Samuel Olaleye
Company Number
12467933 (England and Wales)
Registered Office
8 Napier Court Somertrees Avenue London SE12 0BZ England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Samuola Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,707 
2,276 
Current assets
Cash at bank and in hand
21,243 
31,608 
Creditors: amounts falling due within one year
(82,387)
(27,301)
Net current (liabilities)/assets
(61,144)
4,307 
Net (liabilities)/assets
(59,437)
6,583 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(59,438)
6,582 
Shareholders' funds
(59,437)
6,583 
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 director acknowledges his 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 and authorised for issue on 20 July 2024 and were signed on its behalf by
Samuel Olaleye Director Company Registration No. 12467933
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Samuola Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Samuola Limited is a private company, limited by shares, registered in England and Wales, registration number 12467933. The registered office is 8 Napier Court, Somertrees Avenue, London, SE12 0BZ, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
3,034 
At 31 March 2024
3,034 
Depreciation
At 1 April 2023
758 
Charge for the year
569 
At 31 March 2024
1,327 
Net book value
At 31 March 2024
1,707 
At 31 March 2023
2,276 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,960 
7,348 
Other creditors
6,239 
6,239 
Loans from directors
70,544 
11,950 
Accruals
1,644 
1,764 
82,387 
27,301 
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Samuola Limited Notes to the Accounts for the year ended 31 March 2024
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Samuel Olaleye
Director Loan Account
(11,949)
(87,945)
(29,350)
(70,544)
(11,949)
(87,945)
(29,350)
(70,544)
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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