Sam Diamond Home Solution Ltd
Registered number: 10953754
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 872 1,090
Current assets
Debtors 4 12,800 19,800
Cash at bank and in hand 1,199 614
13,999 20,414
Creditors: amounts falling due within one year 5 (6,376) (7,253)
Net current assets 7,623 13,161
Total assets less current liabilities 8,495 14,251
Creditors: amounts falling due after more than one year 6 (3,333) (8,333)
Net assets 5,162 5,918
Capital and reserves
Called up share capital 10 10
Profit and loss account 5,152 5,908
Shareholders' funds 5,162 5,918
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.
Sadiat O. Owudunni
Director
Approved by the board on 26 June 2025
Sam Diamond Home Solution Ltd
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 3,033
At 30 September 2024 3,033
Depreciation
At 1 October 2023 1,943
Charge for the year 218
At 30 September 2024 2,161
Net book value
At 30 September 2024 872
At 30 September 2023 1,090
4 Debtors 2024 2023
£ £
Other debtors 12,800 19,800
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,000 5,000
Corporation tax - 1,215
Other taxes and social security costs 886 453
Other creditors 490 585
6,376 7,253
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,333 8,333
7 Other information
Sam Diamond Home Solution Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 Canada Road
Erith
DA8 2HE
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