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REGISTERED NUMBER: 10165855 (England and Wales)


Unaudited Financial Statements for the Year Ended 31 May 2024

for

Samson Equipment Ltd

Samson Equipment Ltd (Registered number: 10165855)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Samson Equipment Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S Hardiman
J Sudborough





REGISTERED OFFICE: 6A St Andrews Court
Wellington Street
Thame
Oxfordshire
OX9 3WT





REGISTERED NUMBER: 10165855 (England and Wales)





ACCOUNTANTS: Fizz Accounting Limited
6a St Andrews Court
Wellington Street
Thame
Oxfordshire
OX9 3WT

Samson Equipment Ltd (Registered number: 10165855)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,689 72,946

CURRENT ASSETS
Stocks 3,751 8,149
Debtors 25,591 51,724
Cash at bank 20,935 30,635
50,277 90,508
CREDITORS
Amounts falling due within one year 123,025 124,481
NET CURRENT LIABILITIES (72,748 ) (33,973 )
TOTAL ASSETS LESS CURRENT LIABILITIES (19,059 ) 38,973

PROVISIONS FOR LIABILITIES - 2,717
NET (LIABILITIES)/ASSETS (19,059 ) 36,256

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (19,159 ) 36,156
SHAREHOLDERS' FUNDS (19,059 ) 36,256

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Equipment Ltd (Registered number: 10165855)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





J Sudborough - Director


Samson Equipment Ltd (Registered number: 10165855)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Samson Equipment Ltd 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.

Going concern
At the balance sheet date, the company had net liabilities. However, the directors have loaned funds to the company and is committed to providing continued financial support. The directors therefore considers it appropriate to prepare the accounts on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received and receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

Samson Equipment Ltd (Registered number: 10165855)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 209,433
Additions 42,413
Disposals (60,123 )
At 31 May 2024 191,723
DEPRECIATION
At 1 June 2023 136,487
Charge for year 32,433
Eliminated on disposal (30,886 )
At 31 May 2024 138,034
NET BOOK VALUE
At 31 May 2024 53,689
At 31 May 2023 72,946

5. RELATED PARTY DISCLOSURES

In creditors is a loan from a company of £56,076 (2023 :£56,076), in which a director of Samson Equipment Ltd has involvement. The loan is interest free and there is no set date for repayment.