Company Registration No. SC605170 (Scotland)
SAMSAN LTD
Unaudited Accounts
for the year ended 31 August 2023
SAMSAN LTD
Unaudited Accounts
Contents
SAMSAN LTD
Company Information
for the year ended 31 August 2023
Directors
Sahand Amdjadi
Lesley Pui-Ling Tang
Company Number
SC605170 (Scotland)
Registered Office
116 ELDERSLIE STREET
GLASGOW
G3 7AW
SCOTLAND
Accountants
Avid Accountants Ltd
21 Blythswood Square
Glasgow
G2 4BL
Accountants' report to the board of directors on the preparation of the unaudited statutory statements of SAMSAN LTD (The Company) for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 31 August 2023 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the board of directors of the company, as a body, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to the board of directors of the company as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its board of directors as a body for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the requirement to have a statutory audit for the year ended 31 August 2023.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Avid Accountants Ltd
Financial Accountants
21 Blythswood Square
Glasgow
G2 4BL
28 August 2024
SAMSAN LTD
Statement of financial position
as at 31 August 2023
Tangible assets
253,197
265,534
Cash at bank and in hand
72,500
67,240
Creditors: amounts falling due within one year
(19,867)
(335,644)
Net current assets/(liabilities)
60,246
(259,860)
Total assets less current liabilities
313,443
5,674
Creditors: amounts falling due after more than one year
(349,898)
(43,107)
Net liabilities
(36,455)
(37,433)
Called up share capital
100
100
Profit and loss account
(36,555)
(37,533)
Shareholders' funds
(36,455)
(37,433)
For the year ending 31 August 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
Sahand Amdjadi
Director
Company Registration No. SC605170
SAMSAN LTD
Notes to the Accounts
for the year ended 31 August 2023
SAMSAN LTD is a private company, limited by shares, registered in Scotland, registration number SC605170. The registered office is 116 ELDERSLIE STREET, GLASGOW, G3 7AW, SCOTLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2022
105,910
18,261
178,382
16,181
318,734
Additions
-
1,738
8,887
5,081
15,706
At 31 August 2023
105,910
19,999
187,269
21,262
334,440
At 1 September 2022
-
7,304
38,670
7,226
53,200
Charge for the year
-
4,000
18,727
5,316
28,043
At 31 August 2023
-
11,304
57,397
12,542
81,243
At 31 August 2023
105,910
8,695
129,872
8,720
253,197
At 31 August 2022
105,910
10,957
139,712
8,955
265,534
Amounts falling due within one year
SAMSAN LTD
Notes to the Accounts
for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,740
-
Other creditors
16,026
28,853
Loans from directors
-
306,791
Loans from Directors are from Sahand Amdjadi (£180,497.00) and Lesley Tang (£126,294.00).
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
43,107
43,107
Loans from directors
306,791
-
8
Average number of employees
During the year the average number of employees was 7 (2022: 5).