Company Registration No. 12879773 (England and Wales)
Sam BC Limited
Unaudited accounts
for the year ended 30 September 2022
Sam BC Limited
Unaudited accounts
Contents
Sam BC Limited
Company Information
for the year ended 30 September 2022
Director
Alex Marlon Stewart
Company Number
12879773 (England and Wales)
Registered Office
88 Shorndean Street
Catford
Lewisham
SE6 2ES
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Sam BC Limited
Accountants' report
Accountants' report to the director of Sam BC Limited on the preparation of the unaudited statutory accounts for the year ended 30 September 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Sam BC Limited for the year ended
30 September 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Sam BC Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Sam BC Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sam BC Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sam BC Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Sam BC Limited. You consider that Sam BC Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sam BC Limited. 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 accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
2 September 2024
Sam BC Limited
Statement of financial position
as at 30 September 2022
Cash at bank and in hand
110
390
Creditors: amounts falling due within one year
(19,940)
(7,293)
Net current liabilities
(19,830)
(6,903)
Net liabilities
(19,690)
(6,716)
Called up share capital
1
1
Profit and loss account
(19,691)
(6,717)
Shareholders' funds
(19,690)
(6,716)
For the year ending 30 September 2022 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 2 September 2024 and were signed on its behalf by
Alex Marlon Stewart
Director
Company Registration No. 12879773
Sam BC Limited
Notes to the Accounts
for the year ended 30 September 2022
Sam BC Limited is a private company, limited by shares, registered in England and Wales, registration number 12879773. The registered office is 88 Shorndean Street, Catford, Lewisham, SE6 2ES, 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.
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.
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:
Computer equipment
25% reducing balance
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Computer equipment
Sam BC Limited
Notes to the Accounts
for the year ended 30 September 2022
5
Creditors: amounts falling due within one year
2022
2021
Loans from directors
18,236
6,303
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' loan account
(6,303)
(14,157)
(4,961)
(15,499)
(6,303)
(14,157)
(4,961)
(15,499)
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).