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REGISTERED NUMBER: 07983088 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SAMPSON EUROPE LTD

SAMPSON EUROPE LTD (REGISTERED NUMBER: 07983088)

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


SAMPSON EUROPE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P Sampson
Mrs C Sampson



REGISTERED OFFICE: Minerva House
2 Highweek Street
Newton Abbot
Devon
TQ12 1TQ



REGISTERED NUMBER: 07983088 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: HSBC
42 Courtenay Street
Newton Abbot
Devon
TQ12 2EB

SAMPSON EUROPE LTD (REGISTERED NUMBER: 07983088)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,683 10,988

CURRENT ASSETS
Debtors 5 83,062 78,280
Cash at bank 59,464 122,983
142,526 201,263
CREDITORS
Amounts falling due within one year 6 36,468 53,108
NET CURRENT ASSETS 106,058 148,155
TOTAL ASSETS LESS CURRENT LIABILITIES 118,741 159,143

CREDITORS
Amounts falling due after more than one
year

7

(13,098

)

(23,289

)

PROVISIONS FOR LIABILITIES (2,226 ) (1,895 )
NET ASSETS 103,417 133,959

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103,317 133,859
SHAREHOLDERS' FUNDS 103,417 133,959

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.

SAMPSON EUROPE LTD (REGISTERED NUMBER: 07983088)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:




Mr P Sampson - Director



Mrs C Sampson - Director


SAMPSON EUROPE LTD (REGISTERED NUMBER: 07983088)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Sampson Europe Ltd 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 - 15% on reducing balance
Computer equipment - 25% on cost

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 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.

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 6 (2023 - 6 ) .

SAMPSON EUROPE LTD (REGISTERED NUMBER: 07983088)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 - 21,090 9,723 30,813
Additions 3,390 549 1,019 4,958
At 31 March 2024 3,390 21,639 10,742 35,771
DEPRECIATION
At 1 April 2023 - 15,387 4,438 19,825
Charge for year - 938 2,325 3,263
At 31 March 2024 - 16,325 6,763 23,088
NET BOOK VALUE
At 31 March 2024 3,390 5,314 3,979 12,683
At 31 March 2023 - 5,703 5,285 10,988

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,551 75,076
Other debtors 775 775
Directors' current accounts 20,525 1,067
Prepayments 1,211 1,362
83,062 78,280

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,191 9,936
Trade creditors 650 655
Tax 9,858 32,029
VAT 9,167 4,009
Other creditors 4,399 4,399
Accrued expenses 2,203 2,080
36,468 53,108

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 13,098 23,289

8. OTHER FINANCIAL COMMITMENTS

At 31/03/2024, the company had total commitments under non-cancellable operating leases over the remaining life of the those leases of £2,912 (2023: £14,562).

SAMPSON EUROPE LTD (REGISTERED NUMBER: 07983088)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr P Sampson and Mrs C Sampson
Balance outstanding at start of year 1,067 1,008
Amounts advanced 111,007 72,059
Amounts repaid (91,549 ) (72,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,525 1,067

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £70,000 (2023 - £72,000) were paid to the directors .

11. BOUNCE BACK LOAN

The Company has a bounce back loan guaranteed by the Government. The loan is payable over 6 years with no repayments in the first year. The interest rate is 2.5%. The term runs to June 2026.