IRIS Accounts Production v24.3.0.553 04578989 director 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045789892022-10-31045789892023-10-31045789892022-11-012023-10-31045789892021-10-31045789892021-11-012022-10-31045789892022-10-3104578989ns15:EnglandWales2022-11-012023-10-3104578989ns14:PoundSterling2022-11-012023-10-3104578989ns10:Director12022-11-012023-10-3104578989ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3104578989ns10:SmallEntities2022-11-012023-10-3104578989ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3104578989ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3104578989ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3104578989ns10:FullAccounts2022-11-012023-10-3104578989ns10:OrdinaryShareClass12022-11-012023-10-3104578989ns10:RegisteredOffice2022-11-012023-10-3104578989ns5:CurrentFinancialInstruments2023-10-3104578989ns5:CurrentFinancialInstruments2022-10-3104578989ns5:ShareCapital2023-10-3104578989ns5:ShareCapital2022-10-3104578989ns5:RetainedEarningsAccumulatedLosses2023-10-3104578989ns5:RetainedEarningsAccumulatedLosses2022-10-3104578989ns5:FurnitureFittings2022-11-012023-10-3104578989ns5:LandBuildings2022-10-3104578989ns5:FurnitureFittings2022-10-3104578989ns5:LandBuildings2022-11-012023-10-3104578989ns5:LandBuildings2023-10-3104578989ns5:FurnitureFittings2023-10-3104578989ns5:LandBuildings2022-10-3104578989ns5:FurnitureFittings2022-10-3104578989ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3104578989ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3104578989ns10:OrdinaryShareClass12023-10-31045789891ns10:Director12022-10-31045789891ns10:Director12021-10-31045789891ns10:Director12022-11-012023-10-31045789891ns10:Director12021-11-012022-10-31045789891ns10:Director12023-10-31045789891ns10:Director12022-10-31
REGISTERED NUMBER: 04578989 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

SSAM LIMITED

SSAM LIMITED (REGISTERED NUMBER: 04578989)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SSAM LIMITED

Company Information
for the year ended 31 October 2023







Director: Mr H Razian





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 04578989 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

SSAM LIMITED (REGISTERED NUMBER: 04578989)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 200,354 202,200

Current assets
Debtors 5 107,634 70,825
Cash at bank 220,848 242,620
328,482 313,445
Creditors
Amounts falling due within one year 6 288,399 284,705
Net current assets 40,083 28,740
Total assets less current liabilities 240,437 230,940

Capital and reserves
Called up share capital 7 1 1
Retained earnings 240,436 230,939
Shareholders' funds 240,437 230,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 30 October 2024 and were signed by:





Mr H Razian - Director


SSAM LIMITED (REGISTERED NUMBER: 04578989)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

SSAM 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 invoiced value of services supplied by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture, fixtures & fittings - 20% on reducing balance

The director believes that the market valuation of the freehold property is not materially different to the amount held in these accounts.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 statement of financial position date.

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 ) .

SSAM LIMITED (REGISTERED NUMBER: 04578989)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


4. Tangible fixed assets
Furniture,
Freehold fixtures
property & fittings Totals
£    £    £   
Cost
At 1 November 2022
and 31 October 2023 192,972 29,330 222,302
Depreciation
At 1 November 2022 - 20,102 20,102
Charge for year - 1,846 1,846
At 31 October 2023 - 21,948 21,948
Net book value
At 31 October 2023 192,972 7,382 200,354
At 31 October 2022 192,972 9,228 202,200

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 106,395 69,586
Other debtors 1,239 1,239
107,634 70,825

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors - 62,347
Taxation and social security 3,533 2,911
Other creditors 284,866 219,447
288,399 284,705

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

SSAM LIMITED (REGISTERED NUMBER: 04578989)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr H Razian
Balance outstanding at start of year (206,659 ) (192,945 )
Amounts advanced 6,044 2,603
Amounts repaid (69,076 ) (16,317 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (269,691 ) (206,659 )

9. Related party disclosures

The turnover of the company is solely attributable to Eurospine, a company registered in France and in which the director is an employee.