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Company Registration No. 08183327 (England and Wales)
SAMUELCO LTD Unaudited accounts for the year ended 31 August 2023
SAMUELCO LTD Unaudited accounts Contents
Page
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SAMUELCO LTD Company Information for the year ended 31 August 2023
Director
Omoyemi Samuel
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
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SAMUELCO LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
733 
733 
Investments
10,000 
10,000 
10,733 
10,733 
Current assets
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)
Capital and reserves
Share premium
100 
100 
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
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SAMUELCO LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
At 1 September 2022
3,384 
3,198 
6,582 
At 31 August 2023
3,384 
3,198 
6,582 
Net book value
At 31 August 2023
250 
483 
733 
At 31 August 2022
250 
483 
733 
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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 
£ 
£ 
Bank loans
20,000 
20,000 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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