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REGISTERED NUMBER: 09298241















Financial Statements for the Year Ended 31 March 2024

for

SAMUELSONS & COMPANY LIMITED

SAMUELSONS & COMPANY LIMITED (REGISTERED NUMBER: 09298241)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAMUELSONS & COMPANY LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Dr S Ayoade





REGISTERED OFFICE: The Brentano Suite, Solar House
915 High Road
North Finchley
N12 8QJ





REGISTERED NUMBER: 09298241





ACCOUNTANTS: Samuelsons & Co
Chartered Certified Accountants
The Brentano Suite
Solar House
915 High Road
North Finchley
London
N12 8QJ

SAMUELSONS & COMPANY LIMITED (REGISTERED NUMBER: 09298241)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,500 10,500
Tangible assets 5 13,471 15,396
23,971 25,896

CURRENT ASSETS
Debtors 6 58,573 35,048
Cash at bank and in hand 50,591 54,199
109,164 89,247
CREDITORS
Amounts falling due within one year 7 59,726 36,024
NET CURRENT ASSETS 49,438 53,223
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,409

79,119

CREDITORS
Amounts falling due after more than one
year

8

17,358

18,339
NET ASSETS 56,051 60,780

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 55,951 60,680
SHAREHOLDERS' FUNDS 56,051 60,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

SAMUELSONS & COMPANY LIMITED (REGISTERED NUMBER: 09298241)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





Dr S Ayoade - Director


SAMUELSONS & COMPANY LIMITED (REGISTERED NUMBER: 09298241)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Samuelsons & Company Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Fixtures and fittings - at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SAMUELSONS & COMPANY LIMITED (REGISTERED NUMBER: 09298241)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,500
NET BOOK VALUE
At 31 March 2024 10,500
At 31 March 2023 10,500

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 25,190
DEPRECIATION
At 1 April 2023 9,794
Charge for year 1,925
At 31 March 2024 11,719
NET BOOK VALUE
At 31 March 2024 13,471
At 31 March 2023 15,396

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 56,720 33,195
Other debtors 1,853 1,853
58,573 35,048

SAMUELSONS & COMPANY LIMITED (REGISTERED NUMBER: 09298241)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,510 11,584
Amounts owed to group undertakings 24,000 -
Tax 3,458 2,501
VAT 3,540 3,157
PAYE control 848 -
Pensions control 898 148
Directors' current accounts 7,697 15,959
Accrued expenses 13,775 2,675
59,726 36,024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Barclays BB loans - 2-5 years 17,358 18,339

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 60,680
Profit for the year 7,271
Dividends (12,000 )
At 31 March 2024 55,951