23 20 Samantha Cameron Studio Limited 10410585 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is Design and retail of clothing Digita Accounts Production Advanced 6.30.9574.0 true 10410585 2023-11-01 2024-10-31 10410585 2024-10-31 10410585 bus:OrdinaryShareClass1 bus:OtherShareType 2024-10-31 10410585 core:RetainedEarningsAccumulatedLosses 2024-10-31 10410585 core:ShareCapital 2024-10-31 10410585 core:SharePremium 2024-10-31 10410585 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 10410585 core:FurnitureFittingsToolsEquipment 2024-10-31 10410585 core:OtherPropertyPlantEquipment 2024-10-31 10410585 bus:SmallEntities 2023-11-01 2024-10-31 10410585 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 10410585 bus:FilletedAccounts 2023-11-01 2024-10-31 10410585 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 10410585 bus:RegisteredOffice 2023-11-01 2024-10-31 10410585 bus:Director1 2023-11-01 2024-10-31 10410585 bus:OrdinaryShareClass1 bus:OtherShareType 2023-11-01 2024-10-31 10410585 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10410585 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 10410585 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 10410585 core:PlantMachinery 2023-11-01 2024-10-31 10410585 countries:England 2023-11-01 2024-10-31 10410585 2023-10-31 10410585 core:FurnitureFittingsToolsEquipment 2023-10-31 10410585 core:OtherPropertyPlantEquipment 2023-10-31 10410585 2022-11-01 2023-10-31 10410585 2023-10-31 10410585 bus:OrdinaryShareClass1 bus:OtherShareType 2023-10-31 10410585 core:RetainedEarningsAccumulatedLosses 2023-10-31 10410585 core:ShareCapital 2023-10-31 10410585 core:SharePremium 2023-10-31 10410585 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 10410585 core:FurnitureFittingsToolsEquipment 2023-10-31 10410585 core:OtherPropertyPlantEquipment 2023-10-31 10410585 bus:OrdinaryShareClass1 bus:OtherShareType 2022-11-01 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 10410585

Samantha Cameron Studio Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Samantha Cameron Studio Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Samantha Cameron Studio Limited

(Registration number: 10410585)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

69,901

30,692

Current assets

 

Stocks

5

654,521

700,849

Debtors

6

241,945

554,900

Cash at bank and in hand

 

573,403

571,441

 

1,469,869

1,827,190

Creditors: Amounts falling due within one year

7

(207,446)

(171,140)

Net current assets

 

1,262,423

1,656,050

Net assets

 

1,332,324

1,686,742

Capital and reserves

 

Called up share capital

8

198

198

Share premium reserve

4,781,029

4,781,029

Profit and loss account

(3,448,903)

(3,094,485)

Total equity

 

1,332,324

1,686,742

 

Samantha Cameron Studio Limited

(Registration number: 10410585)
Balance Sheet as at 31 October 2024

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 March 2025 and signed on its behalf by:
 


Mrs S G Cameron
Director

   
 

Samantha Cameron Studio Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Poplars
Bridge Street
Brigg
North Lincolnshire
DN20 8NQ

Registration number: 10410585

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Retail sales, returns and allowances are reflected at the dates of transactions with customers. Wholesale sales are recognised when the significant risks and rewards of ownership have transferred to the customer, with provisions made for returns.

Government grants

Government grants are recognised in the profit and loss account using the accruals basis.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

 

Samantha Cameron Studio Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

20% straight line per annum

Other tangible assets

20% straight line per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

 

Samantha Cameron Studio Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 23 (2023 - 20).

 

Samantha Cameron Studio Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Plant and equipment
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

109,443

22,400

131,843

Additions

62,226

-

62,226

At 31 October 2024

171,669

22,400

194,069

Depreciation

At 1 November 2023

83,231

17,920

101,151

Charge for the year

18,537

4,480

23,017

At 31 October 2024

101,768

22,400

124,168

Carrying amount

At 31 October 2024

69,901

-

69,901

At 31 October 2023

26,212

4,480

30,692

5

Stocks

2024
£

2023
£

Raw materials

65,516

61,667

Finished goods and goods for resale

589,005

639,182

654,521

700,849

6

Debtors

2024
£

2023
£

Trade debtors

150,026

492,954

Other debtors

28,720

3,038

Prepayments

63,199

58,908

241,945

554,900

 

Samantha Cameron Studio Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Creditors

2024
£

2023
£

Due within one year

Trade payables

28,593

32,044

Social security and other taxes

95,350

104,768

Other payables

83,503

34,328

207,446

171,140

8

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary shares of £0.0001 each

1,984,745

198.47

     

 

2023

 

No.

£

Ordinary shares of £0.0001 each

1,984,745

198.47