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REGISTERED NUMBER: 04619651 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

R SAMSON & SONS LTD

R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 3


R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 27,613 37,237
27,613 37,237

Current assets
Debtors 6 108,936 24,373
Cash at bank 30,830 134,616
139,766 158,989
Creditors
Amounts falling due within one year 7 36,543 56,796
Net current assets 103,223 102,193
Total assets less current liabilities 130,836 139,430

Creditors
Amounts falling due after more than one year 8 (14,167 ) (24,167 )

Provisions for liabilities 10 (5,042 ) (6,862 )
Net assets 111,627 108,401

Capital and reserves
Called up share capital 11 102 102
Retained earnings 111,525 108,299
Shareholders' funds 111,627 108,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





Mr I Samson - Director


R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. Statutory information

R Samson and Sons Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 04619651. The Registered Office address is, 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address, is 68 Cobham Road, Ferndown Industrial Estate, Wimborne, Dorset, BH21 7QJ.

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 represents the net amounts invoiced for removal services during the year, excluding value added tax.

Goodwill
The goodwill, being the amount paid in connection with the acquisition of the business in 2003, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. Employees and directors

The average number of employees during the year was 9 (2022 - 9 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2023
and 31 December 2023 74,000
Amortisation
At 1 January 2023
and 31 December 2023 74,000
Net book value
At 31 December 2023 -
At 31 December 2022 -

5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 January 2023 7,433 9,155 172,465 189,053
Additions - 406 - 406
Disposals (370 ) (704 ) (14,000 ) (15,074 )
At 31 December 2023 7,063 8,857 158,465 174,385
Depreciation
At 1 January 2023 4,885 5,900 141,031 151,816
Charge for year 634 859 7,711 9,204
Eliminated on disposal (358 ) (481 ) (13,409 ) (14,248 )
At 31 December 2023 5,161 6,278 135,333 146,772
Net book value
At 31 December 2023 1,902 2,579 23,132 27,613
At 31 December 2022 2,548 3,255 31,434 37,237

R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 January 2023 26,000
Transfer to ownership (26,000 )
At 31 December 2023 -
Depreciation
At 1 January 2023 15,031
Transfer to ownership (15,031 )
At 31 December 2023 -
Net book value
At 31 December 2023 -
At 31 December 2022 10,969

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 4,818 13,136
Other debtors 42,000 -
Directors' current accounts 62,118 9,961
Prepayments - 1,276
108,936 24,373

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 5,895
Trade creditors 6,649 1,716
Tax 2,459 10,962
Social security and other taxes 2,225 2,181
VAT 11,551 22,442
Other creditors 514 455
Accruals and deferred income 3,145 3,145
36,543 56,796

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 4,167 14,167
14,167 24,167

R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 5,895

Assets under hire purchase agreements are secured on the asset.

10. Provisions for liabilities
2023 2022
£    £   
Deferred tax 5,042 6,862

Deferred
tax
£   
Balance at 1 January 2023 6,862
Credit to Income statement during year (1,820 )
Balance at 31 December 2023 5,042

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
1 "A" Ordinary £1 1 1
1 "B" Ordinary £1 1 1
102 102

12. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr I Samson
Balance outstanding at start of year 9,961 -
Amounts advanced 110,777 9,961
Amounts repaid (58,620 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,118 9,961

At the balance sheet date the Director, Mr I Samson, owed the company £62,118 (2022: £9,961). The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

13. Ultimate controlling party

The company is controlled by the director Mr I Samson who owns 51% of the issued voting share capital.