Registered number
08201252
SAMS & CO Limited
Filleted Accounts
30 September 2024
SAMS & CO Limited
Registered number: 08201252
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 - 26
Current assets
Cash at bank and in hand 10,728 1,728
Creditors: amounts falling due within one year 5 (10,345) (1,587)
Net current assets 383 141
Net assets 383 167
Capital and reserves
Called up share capital 100 100
Profit and loss account 283 67
Shareholders' funds 383 167
The director is 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 director acknowledges his 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.
Mr S Sivakumaran
Director
Approved by the board on 6 June 2025
SAMS & CO Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, 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% on written down value
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 15,000
At 30 September 2024 15,000
Amortisation
At 1 October 2023 15,000
At 30 September 2024 15,000
Net book value
At 30 September 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 850
At 30 September 2024 850
Depreciation
At 1 October 2023 824
Charge for the year 26
At 30 September 2024 850
Net book value
At 30 September 2024 -
At 30 September 2023 26
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 1,756 761
Other taxes and social security costs 2,470 821
Other creditors 6,119 5
10,345 1,587
6 Other information
SAMS & CO Limited is a private company limited by shares and incorporated in England. Its registered office is:
85 George V Avenue
Pinner
Harrow
Middlesex
HA5 5SU
SAMS & CO Limited 08201252 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 Mr S Sivakumaran No description of principal activity 08201252 2022-10-01 2023-09-30 08201252 core:WithinOneYear 2023-09-30 08201252 core:ShareCapital 2023-09-30 08201252 core:RetainedEarningsAccumulatedLosses 2023-09-30 08201252 2023-10-01 2024-09-30 08201252 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08201252 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08201252 bus:Director40 2023-10-01 2024-09-30 08201252 core:PlantMachinery 2023-10-01 2024-09-30 08201252 countries:England 2023-10-01 2024-09-30 08201252 bus:FRS102 2023-10-01 2024-09-30 08201252 bus:FilletedAccounts 2023-10-01 2024-09-30 08201252 2024-09-30 08201252 core:WithinOneYear 2024-09-30 08201252 core:ShareCapital 2024-09-30 08201252 core:RetainedEarningsAccumulatedLosses 2024-09-30 08201252 core:Goodwill 2024-09-30 08201252 core:PlantMachinery 2024-09-30 08201252 2023-09-30 08201252 core:Goodwill 2023-09-30 08201252 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure