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REGISTERED NUMBER: 07377002















Unaudited Financial Statements for the Year Ended 31 December 2023

for

SAM SQUARED LIMITED

SAM SQUARED LIMITED (REGISTERED NUMBER: 07377002)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAM SQUARED LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S A Millard
Mrs S A Millard





REGISTERED OFFICE: Charwell House
Wilsom Road
Alton
Hampshire
GU34 2PP





REGISTERED NUMBER: 07377002





ACCOUNTANTS: B20 Limited
Chartered Certified Accountants
Charwell House
Wilsom Road
Alton
Hampshire
GU34 2PP

SAM SQUARED LIMITED (REGISTERED NUMBER: 07377002)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 28,502 2
Tangible assets 5 12,438 4,650
40,940 4,652

CURRENT ASSETS
Stocks 3,706 3,837
Debtors 6 37,517 30,166
Cash at bank and in hand 9,583 4,034
50,806 38,037
CREDITORS
Amounts falling due within one year 7 (66,589 ) (26,562 )
NET CURRENT (LIABILITIES)/ASSETS (15,783 ) 11,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,157

16,127

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,057 16,027
SHAREHOLDERS' FUNDS 25,157 16,127

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 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.

SAM SQUARED LIMITED (REGISTERED NUMBER: 07377002)

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




Mrs S A Millard - Director



S A Millard - Director


SAM SQUARED LIMITED (REGISTERED NUMBER: 07377002)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

SAM SQUARED LIMITED is a private company, limited by shares , registered in Not specified/Other. 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 comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities, stated net of discount and sales taxes.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of four years.

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.
Plant and machinery etc - 15% on cost

Tangible assets are stated in the balance sheet at cost less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

At each reporting date stocks are assessed for impairment.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from banks and to and from related parties

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If evidence of impairment is found an impairment loss is recognised in the profit and loss account.


SAM SQUARED LIMITED (REGISTERED NUMBER: 07377002)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

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.

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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 53,203
Additions 38,000
At 31 December 2023 91,203
AMORTISATION
At 1 January 2023 53,201
Charge for year 9,500
At 31 December 2023 62,701
NET BOOK VALUE
At 31 December 2023 28,502
At 31 December 2022 2

SAM SQUARED LIMITED (REGISTERED NUMBER: 07377002)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 38,178
Additions 9,100
Disposals (1,720 )
At 31 December 2023 45,558
DEPRECIATION
At 1 January 2023 33,528
Charge for year 1,312
Eliminated on disposal (1,720 )
At 31 December 2023 33,120
NET BOOK VALUE
At 31 December 2023 12,438
At 31 December 2022 4,650

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 35,363 28,013
Other debtors 2,154 2,153
37,517 30,166

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 11,242 6,587
Taxation and social security 18,117 13,916
Other creditors 37,230 6,059
66,589 26,562