Company Registration No. 11266414 (England and Wales)
Sams Linen Hire Ltd
Unaudited accounts
for the year ended 31 March 2024
Sams Linen Hire Ltd
Unaudited accounts
Contents
Sams Linen Hire Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
323,460
124,102
Cash at bank and in hand
331,508
361,924
Creditors: amounts falling due within one year
(270,009)
(192,891)
Net current assets
126,499
186,443
Total assets less current liabilities
449,959
310,545
Creditors: amounts falling due after more than one year
(51,835)
(76,034)
Net assets
398,124
234,511
Called up share capital
100
100
Profit and loss account
398,024
234,411
Shareholders' funds
398,124
234,511
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 his 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 14 October 2024 and were signed on its behalf by
Sandipkumar Patel
Director
Company Registration No. 11266414
Sams Linen Hire Ltd
Notes to the Accounts
for the year ended 31 March 2024
Sams Linen Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 11266414. The registered office is Sams Linen Hire Ltd, 8 Osram Road, East Lane, Wembley, Middlesex, HA9 7NG, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
146,266
14,111
160,377
Additions
247,043
33,180
280,223
At 31 March 2024
393,309
47,291
440,600
At 1 April 2023
34,864
1,411
36,275
Charge for the year
71,689
9,176
80,865
At 31 March 2024
106,553
10,587
117,140
At 31 March 2024
286,756
36,704
323,460
At 31 March 2023
111,402
12,700
124,102
Sams Linen Hire Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Other debtors
45,000
17,410
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
46
Obligations under finance leases and hire purchase contracts
814
-
Trade creditors
73,529
60,104
Taxes and social security
30,201
40,189
Other creditors
5,027
3,648
Loans from directors
105,527
60,476
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 13 (2023: 15).