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Company registration number: 14094506
Samuel Ingham Ltd
Unaudited filleted financial statements
31 May 2024
Samuel Ingham Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Samuel Ingham Ltd
Directors and other information
Director Mr S C Ingham
Company number 14094506
Registered office 5 Underwood Steet
London
N1 7LY
Samuel Ingham Ltd
Statement of financial position
31 May 2024
31/05/24 31/05/23
Note £ £ £ £
Current assets
Debtors 4 125,000 133,333
Cash at bank and in hand 75,257 44,618
_______ _______
200,257 177,951
Creditors: amounts falling due
within one year 5 ( 21,799) ( 68,660)
_______ _______
Net current assets 178,458 109,291
_______ _______
Total assets less current liabilities 178,458 109,291
_______ _______
Net assets 178,458 109,291
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 178,457 109,290
_______ _______
Shareholders funds 178,458 109,291
_______ _______
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 January 2025 , and are signed on behalf of the board by:
Mr S C Ingham
Director
Company registration number: 14094506
Samuel Ingham Ltd
Statement of changes in equity
Year ended 31 May 2024
Called up share capital Profit and loss account Total
£ £ £
At 9 May 2022 - - -
Profit for the year 109,290 109,290
_______ _______ _______
Total comprehensive income for the year - 109,290 109,290
Issue of shares 1 1
_______ _______ _______
Total investments by and distributions to owners 1 - 1
_______ _______ _______
At 31 May 2023 and 1 June 2023 1 109,290 109,291
Profit for the year 69,167 69,167
_______ _______ _______
Total comprehensive income for the year - 69,167 69,167
_______ _______ _______
At 31 May 2024 1 178,457 178,458
_______ _______ _______
Samuel Ingham Ltd
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Underwood Steet, London, N1 7LY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
31/05/24 31/05/23
£ £
Other debtors 125,000 133,333
_______ _______
5. Creditors: amounts falling due within one year
31/05/24 31/05/23
£ £
Corporation tax 19,835 26,846
Other creditors 1,964 41,814
_______ _______
21,799 68,660
_______ _______
6. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Year ended 31/05/24
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr S C Ingham ( 40,014) - 40,000 ( 14)
_______ _______ _______ _______
Period ended 31/05/23
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr S C Ingham - ( 141,015) 101,001 ( 40,014)
_______ _______ _______ _______