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REGISTERED NUMBER: 11043300 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SAMSON VTI UK LIMITED

SAMSON VTI UK LIMITED (REGISTERED NUMBER: 11043300)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAMSON VTI UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S B M Burgess
C S Green
M J Robinson





REGISTERED OFFICE: 3rd Floor 24 Lever St
Manchester
M1 1DZ





REGISTERED NUMBER: 11043300 (England and Wales)





ACCOUNTANTS: Green and Purple Limited
Building 1000
Cambridge Research Park
Waterbeach
Cambridgeshire
CB25 9PD

SAMSON VTI UK LIMITED (REGISTERED NUMBER: 11043300)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 36,186 42,708

CURRENT ASSETS
Debtors 5 307,930 234,782
Cash at bank 384,826 507,713
692,756 742,495
CREDITORS
Amounts falling due within one year 6 (461,372 ) (262,756 )
NET CURRENT ASSETS 231,384 479,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,570

522,447

CREDITORS
Amounts falling due after more than one year 7 (17,608 ) (27,420 )
NET ASSETS 249,962 495,027

CAPITAL AND RESERVES
Called up share capital 2,998 2,484
Share premium 6,725,719 4,324,487
Retained earnings (6,478,755 ) (3,831,944 )
249,962 495,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SAMSON VTI UK LIMITED (REGISTERED NUMBER: 11043300)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





S B M Burgess - Director


SAMSON VTI UK LIMITED (REGISTERED NUMBER: 11043300)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Samson Vti Uk 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
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulation depreciation.

Depreciation
Depreciation is provided on the following basis:


Office equipment 3 years straight line
Computer equipment 3 years straight line

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.

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.

SAMSON VTI UK LIMITED (REGISTERED NUMBER: 11043300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 38 (2023 - 31 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023 72,425
Additions 19,135
Disposals (1,492 )
At 31 March 2024 90,068
Depreciation
At 1 April 2023 29,717
Charge for year 24,994
Eliminated on disposal (829 )
At 31 March 2024 53,882
Net book value
At 31 March 2024 36,186
At 31 March 2023 42,708

5. Debtors
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 152,703 188,795
Other debtors 155,227 41,799
307,930 230,594

Amounts falling due after more than one year:
Other debtors - 4,188

Aggregate amounts 307,930 234,782

SAMSON VTI UK LIMITED (REGISTERED NUMBER: 11043300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 68,491 69,088
Taxation and social security 162,804 66,827
Other creditors 219,429 116,193
461,372 262,756

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 17,608 27,420

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 65,251 65,251
Between one and five years 130,502 195,754
195,753 261,005

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 28,256 38,068

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S B M Burgess
Balance outstanding at start of year - -
Amounts advanced 69,984 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,984 -

SAMSON VTI UK LIMITED (REGISTERED NUMBER: 11043300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. Share-based payment transactions


EMI share options31.3.2431.03.23
NumberNumber

Outstanding at the beginning of the period43,150-
Granted during the period-43,150
Exercised during the period(3,500)-
Cancelled during the period(6,450)-
Outstanding at the end of the period33,20043,150

At 31 March 2024 the share options have an exercise price of £0.48 per share.

The total charge for the year relating to employee share based payment plans was £Nil (2023: £Nil) in accordance with the provisions of FRS 102 (Section 1A).