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REGISTERED NUMBER: 11693216 (England and Wales)













SAMPSON WEST ACCOUNTANCY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






SAMPSON WEST ACCOUNTANCY LIMITED (REGISTERED NUMBER: 11693216)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SAMPSON WEST ACCOUNTANCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: K J Bettles
S Davies
R J Hogg
V S Sanghvi
R Vanstone
R J O Rees





REGISTERED OFFICE: Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 11693216 (England and Wales)





AUDITORS: Stafford & Co
3 The Studios
320 Chorley Old Road
Bolton
BL1 4JU

SAMPSON WEST ACCOUNTANCY LIMITED (REGISTERED NUMBER: 11693216)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,668,906 1,914,018
Tangible assets 5 124,239 14,171
1,793,145 1,928,189

CURRENT ASSETS
Debtors 6 2,425,629 2,382,874
Cash at bank 383,298 172,302
2,808,927 2,555,176
CREDITORS
Amounts falling due within one year 7 1,235,422 976,168
NET CURRENT ASSETS 1,573,505 1,579,008
TOTAL ASSETS LESS CURRENT LIABILITIES 3,366,650 3,507,197

CREDITORS
Amounts falling due after more than one year 8 (2,375,623 ) (2,828,292 )

PROVISIONS FOR LIABILITIES (136,250 ) (232,500 )
NET ASSETS 854,777 446,405

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 854,677 446,305
SHAREHOLDERS' FUNDS 854,777 446,405

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 12 September 2024 and were signed on its behalf by:





R Vanstone - Director


SAMPSON WEST ACCOUNTANCY LIMITED (REGISTERED NUMBER: 11693216)

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


1. STATUTORY INFORMATION

Sampson West Accountancy Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 - 25% straight line on cost

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.

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 70 (2022 - 70 ) .

SAMPSON WEST ACCOUNTANCY LIMITED (REGISTERED NUMBER: 11693216)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 2,504,164
Additions 80,000
At 31 December 2023 2,584,164
AMORTISATION
At 1 January 2023 590,146
Charge for year 325,112
At 31 December 2023 915,258
NET BOOK VALUE
At 31 December 2023 1,668,906
At 31 December 2022 1,914,018

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 43,203
Additions 124,052
At 31 December 2023 167,255
DEPRECIATION
At 1 January 2023 29,032
Charge for year 13,984
At 31 December 2023 43,016
NET BOOK VALUE
At 31 December 2023 124,239
At 31 December 2022 14,171

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 1,504,676 1,484,584
Other debtors 920,953 898,290
2,425,629 2,382,874

SAMPSON WEST ACCOUNTANCY LIMITED (REGISTERED NUMBER: 11693216)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 53,491 74,149
Taxation and social security 593,801 475,799
Other creditors 578,130 416,220
1,235,422 976,168

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,667 26,667
Other creditors 2,358,956 2,801,625
2,375,623 2,828,292

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 320,197 1,571,725

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Stafford (Senior Statutory Auditor)
for and on behalf of Stafford & Co