1 January 2024 false No description of principal activity Taxfiler 2024.6 02561741 business:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02561741 2023-12-31 02561741 2024-01-01 2024-12-31 02561741 business:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02561741 business:FilletedAccounts 2024-01-01 2024-12-31 02561741 2024-12-31 02561741 business:Director1 2024-01-01 2024-12-31 02561741 business:CompanySecretary1 2024-01-01 2024-12-31 02561741 business:RegisteredOffice 2024-01-01 2024-12-31 02561741 2023-12-31 02561741 core:WithinOneYear 2024-12-31 02561741 core:WithinOneYear 2023-12-31 02561741 core:AfterOneYear 2024-12-31 02561741 core:AfterOneYear 2023-12-31 02561741 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 02561741 core:ShareCapital core:PreviouslyStatedAmount 2023-12-31 02561741 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 02561741 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-12-31 02561741 core:PreviouslyStatedAmount 2024-12-31 02561741 core:PreviouslyStatedAmount 2023-12-31 02561741 business:SmallEntities 2024-01-01 2024-12-31 02561741 countries:EnglandWales 2024-01-01 2024-12-31 02561741 core:LandBuildings 2024-01-01 2024-12-31 02561741 core:ComputerEquipment 2024-01-01 2024-12-31 02561741 core:LandBuildings 2023-12-31 02561741 core:ComputerEquipment 2023-12-31 02561741 core:LandBuildings 2024-12-31 02561741 core:ComputerEquipment 2024-12-31 02561741 business:Director1 1 2024-01-01 2024-12-31 02561741 business:Director1 1 2023-12-31 02561741 business:Director1 1 2024-12-31 02561741 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 02561741 (England and Wales)
Daniel Sam Limited Unaudited accounts for the year ended 31 December 2024
Daniel Sam Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Daniel Sam Limited Company Information for the year ended 31 December 2024
Director
G Daniel-Sam
Secretary
J Daniel-Sam
Company Number
02561741 (England and Wales)
Registered Office
61 Plodder Lane Farnworth BL4 0BX
- 3 -
Daniel Sam Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
85,022
85,028
Current assets
Debtors
5
23,927
9,368
Cash at bank and in hand
19,610
8,699
43,537
18,067
Creditors: amounts falling due within one year
6
(38,729)
(50,652)
Net current assets/(liabilities)
4,808
(32,585)
Total assets less current liabilities
89,830
52,443
Creditors: amounts falling due after more than one year
7
(11,476)
(11,822)
Provisions for liabilities
Deferred tax
(655)
(656)
Net assets
77,699
39,965
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
76,699
38,965
Shareholders' funds
77,699
39,965
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 September 2025 and were signed on its behalf by
G Daniel-Sam Director Company Registration No. 02561741
- 4 -
Daniel Sam Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Daniel Sam Limited is a private company, limited by shares, registered in England and Wales, registration number 02561741. The registered office is 61 Plodder Lane, Farnworth, BL4 0BX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
not provided
Computer equipment
20% on reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Daniel Sam Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
81,573
10,667
92,240
Additions
-
769
769
At 31 December 2024
81,573
11,436
93,009
Depreciation
At 1 January 2024
-
7,212
7,212
Charge for the year
-
775
775
At 31 December 2024
-
7,987
7,987
Net book value
At 31 December 2024
81,573
3,449
85,022
At 31 December 2023
81,573
3,455
85,028
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
1,782
8,424
Accrued income and prepayments
1,986
930
Other debtors
20,159
14
23,927
9,368
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,383
3,664
VAT
11,099
9,227
Taxes and social security
21,068
7,891
Loans from directors
-
29,343
Accruals
179
527
38,729
50,652
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
11,476
11,822
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
G Daniel-Sam
Loan
-
9,637
-
9,637
-
9,637
-
9,637
- 6 -
Daniel Sam Limited Notes to the Accounts for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
- 7 -