SAMS CUTS LTD

Company Registration Number:
07523699 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

SAMS CUTS LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Balance sheet
Notes

SAMS CUTS LTD

Balance sheet

As at 29 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,426 490
Total fixed assets: 1,426 490
Current assets
Stocks: 785 876
Debtors:   5,186 8,503
Cash at bank and in hand: 502 3,088
Total current assets: 6,473 12,467
Creditors: amounts falling due within one year:   (2,677) (5,473)
Net current assets (liabilities): 3,796 6,994
Total assets less current liabilities: 5,222 7,484
Creditors: amounts falling due after more than one year:   (4,893) (6,995)
Total net assets (liabilities): 329 489
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 328 488
Shareholders funds: 329 489

The notes form part of these financial statements

SAMS CUTS LTD

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 November 2024
and signed on behalf of the board by:

Name: Mr Samuel Owhoka
Status: Director

The notes form part of these financial statements

SAMS CUTS LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SAMS CUTS LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

SAMS CUTS LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 5,690
Additions 1,250
At 29 February 2024 6,940
Depreciation
At 01 March 2023 5,200
Charge for year 314
At 29 February 2024 5,514
Net book value
At 29 February 2024 1,426
At 28 February 2023 490

SAMS CUTS LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Related party transactions

The company is controlled by Mr Samuel Owhoka, the company's managing director. It is confirmed that the director's current account is debited with personal transactions and credited with director's remuneration as well as dividends.