Company Registration No. 08183327 (England and Wales)
SAMUELCO LTD
Unaudited accounts
for the year ended 31 August 2023
SAMUELCO LTD
Unaudited accounts
Contents
SAMUELCO LTD
Company Information
for the year ended 31 August 2023
Company Number
08183327 (England and Wales)
Registered Office
4 GERALD ROAD
CANNING TOWN
LONDON
E16 4HX
Accountants
Faxon Consulting Ltd
85 Great Portland Street
London
W1W 7LT
SAMUELCO LTD
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
6,269
5,436
Creditors: amounts falling due within one year
(641)
(537)
Net current assets
5,628
4,899
Total assets less current liabilities
16,361
15,632
Creditors: amounts falling due after more than one year
(20,000)
(20,000)
Net liabilities
(3,639)
(4,368)
Profit and loss account
(3,739)
(4,468)
Shareholders' funds
(3,639)
(4,368)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 her 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 1 May 2024 and were signed on its behalf by
Omoyemi Samuel
Director
Company Registration No. 08183327
SAMUELCO LTD
Notes to the Accounts
for the year ended 31 August 2023
SAMUELCO LTD is a private company, limited by shares, registered in England and Wales, registration number 08183327. The registered office is 4 GERALD ROAD, CANNING TOWN, LONDON, E16 4HX.
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.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2022
3,634
3,681
7,315
At 31 August 2023
3,634
3,681
7,315
At 1 September 2022
3,384
3,198
6,582
At 31 August 2023
3,384
3,198
6,582
At 31 August 2023
250
483
733
At 31 August 2022
250
483
733
SAMUELCO LTD
Notes to the Accounts
for the year ended 31 August 2023
5
Investments
Other investments
Valuation at 1 September 2022
10,000
Valuation at 31 August 2023
10,000
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
641
537
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).