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REGISTERED NUMBER: 02942204 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Samaco Paper Limited

Samaco Paper Limited (Registered number: 02942204)






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


Samaco Paper Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M Mrna
Mr A Shrimpton



SECRETARY: Mr M Mrna



REGISTERED OFFICE: Riverside Business Centre, Suite 19
Fort Road
Tilbury
Essex
RM18 7ND



REGISTERED NUMBER: 02942204 (England and Wales)



ACCOUNTANTS: Kaydee Associates Ltd
Chartered Certified Accountants
Access House
141 Morden Road
Mitcham, Surrey
CR4 4DG



BANKERS: Barclays Bank Plc
Fleet Street Business Centre
Strand Corporate Banking Group
99 Hatton Garden
London
EC1 8DN

Samaco Paper Limited (Registered number: 02942204)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,423 6,827

CURRENT ASSETS
Debtors 5 119,106 121,416
Prepayments and accrued income 1,018 -
Cash at bank 65,653 106,679
185,777 228,095
CREDITORS
Amounts falling due within one year 6 7,659 22,232
NET CURRENT ASSETS 178,118 205,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,541

212,690

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 7 182,541 211,690
SHAREHOLDERS' FUNDS 183,541 212,690

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 directors acknowledge their 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.

Samaco Paper Limited (Registered number: 02942204)

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 Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:




Mr M Mrna - Director



Mr A Shrimpton - Director


Samaco Paper Limited (Registered number: 02942204)

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

1. STATUTORY INFORMATION

Samaco Paper 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.

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 - 20% on reducing balance
Motor vehicle - 20% on reducing balance
Computer equipment - 25% on reducing balance

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.

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 (2023 - 2 ) .

Samaco Paper Limited (Registered number: 02942204)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicle equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,566 16,000 2,385 19,951
DEPRECIATION
At 1 April 2023 1,565 9,959 1,600 13,124
Charge for year - 1,208 196 1,404
At 31 March 2024 1,565 11,167 1,796 14,528
NET BOOK VALUE
At 31 March 2024 1 4,833 589 5,423
At 31 March 2023 1 6,041 785 6,827

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 116,916 119,487
Other debtors 2,190 1,929
119,106 121,416

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 387 17,202
Other creditors 7,272 5,030
7,659 22,232

7. RESERVES
Retained
earnings
£   

At 1 April 2023 211,690
Profit for the year 4,783
Dividends (33,932 )
At 31 March 2024 182,541