Registered number
04182406
Samphire Cargo Limited
Report and Unaudited Accounts
31 May 2024
Collins
Chartered Accountants
West Midlands
Samphire Cargo Limited
Registered number: 04182406
Balance Sheet
as at 31 May 2024
31-May 31-May
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 60,738 50,351
Current assets
Debtors 4 609,502 476,037
Cash at bank and in hand 697,332 365,657
1,306,834 841,694
Creditors: amounts falling due within one year 5 (651,923) (455,937)
Net current assets 654,911 385,757
Total assets less current liabilities 715,649 436,108
Provisions for liabilities (10,781) (8,039)
Net assets 704,868 428,069
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 703,868 427,069
Shareholders' funds 704,868 428,069
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S K Beechener
Director
Approved by the board on 27 November 2024
Samphire Cargo Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the provision of services which are recognised when the service is performed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets,at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Leasehold Improvements 20% Straight Line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 19 21
3 Tangible fixed assets
Leasehold Improvements Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 17,391 72,287 89,678
Additions - 33,352 33,352
Disposals - (12,821) (12,821)
At 31 May 2024 17,391 92,818 110,209
Depreciation
At 1 June 2023 1,739 37,588 39,327
Charge for the year 3,478 19,487 22,965
On disposals - (12,821) (12,821)
At 31 May 2024 5,217 44,254 49,471
Net book value
At 31 May 2024 12,174 48,564 60,738
At 31 May 2023 15,652 34,699 50,351
4 Debtors 2024 2023
£ £
Trade debtors 424,002 307,033
Amounts owed by group undertakings - 136,938
VAT 10,005 20,493
Prepayments and accrued income 15,402 11,573
Other debtors 160,093 -
609,502 476,037
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 314,480 299,610
Amounts owed to group undertakings 76,841 -
Corporation tax 85,508 103,472
Other taxes and social security costs 58,406 23,572
Accruals and deferred income 116,688 29,283
651,923 455,937
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 47,500 77,500
7 Controlling party
The company is a subsidiary of EJR Group Limited,a company incorporated in England & Wales.The Registered office of the company is The Lodge,Castle Bromwich Hall,Chester Road,Castle Bromwich, West Midlands. B36 9DE.
8 Other information
Samphire Cargo Limited is a private company limited by shares and incorporated in England. Its registered office is:
White Cliffs House,
Poulton Close
Dover
England
CT17 0HL
Samphire Cargo Limited 04182406 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 S K Beechener No description of principal activity 04182406 2022-06-01 2023-05-31 04182406 core:WithinOneYear 2023-05-31 04182406 core:ShareCapital 2023-05-31 04182406 core:RetainedEarningsAccumulatedLosses 2023-05-31 04182406 core:AllPeriods 2023-05-31 04182406 2023-06-01 2024-05-31 04182406 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04182406 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 04182406 bus:Director40 2023-06-01 2024-05-31 04182406 1 2023-06-01 2024-05-31 04182406 2 2023-06-01 2024-05-31 04182406 core:LandBuildings 2023-06-01 2024-05-31 04182406 core:PlantMachinery 2023-06-01 2024-05-31 04182406 countries:England 2023-06-01 2024-05-31 04182406 bus:FRS102 2023-06-01 2024-05-31 04182406 bus:FilletedAccounts 2023-06-01 2024-05-31 04182406 2024-05-31 04182406 core:WithinOneYear 2024-05-31 04182406 core:ShareCapital 2024-05-31 04182406 core:RetainedEarningsAccumulatedLosses 2024-05-31 04182406 core:LandBuildings 2024-05-31 04182406 core:PlantMachinery 2024-05-31 04182406 core:AllPeriods 2024-05-31 04182406 2023-05-31 04182406 core:LandBuildings 2023-05-31 04182406 core:PlantMachinery 2023-05-31 iso4217:GBP xbrli:pure