S & S Samat Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 5772853

S & S Samat Limited

Filleted Unaudited Financial Statements

30 September 2024

S & S Samat Limited

Financial Statements

Year ended 30 September 2024

Contents	Page

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

S & S Samat Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of S & S Samat Limited

Year ended 30 September 2024

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 September 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

VAGHELA & CO. (SERVICES) LTD. Chartered Certified Accountants

P.O. Box 10901 Birmingham B1 1ZQ

27 September 2025

S & S Samat Limited

Statement of Financial Position

30 September 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Intangible assets	7	170,000	30,000
Tangible assets	8	1	1
		---------	--------
		170,001	30,001

Current assets

Stocks	9	11,308	17,356
Debtors	10	43,639	95,689
Investments	11	100,000	100,000
Cash at bank and in hand		438,648	458,664
		---------	---------
		593,595	671,709

Creditors: amounts falling due within one year	12	92,196		67,890
		---------		---------
Net current assets			501,399		603,819
			---------		---------
Total assets less current liabilities			671,400		633,820
			---------		---------
Net assets			671,400		633,820
			---------		---------

Capital and reserves

Called up share capital	13	100	100
Profit and loss account		671,300	633,720
		---------	---------
Shareholders funds		671,400	633,820
		---------	---------

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 income and retained earnings has not been delivered.

For the year ending 30 September 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 financial statements for the year in question in accordance with section 476 ;

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

S & S Samat Limited

Statement of Financial Position (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 27 September 2025 , and are signed on behalf of the board by:

Mr S.N. Samat

Director

Company registration number: 5772853

S & S Samat Limited

Notes to the Financial Statements

Year ended 30 September 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 274 Victoria Road East, Leicester, LE5 OLF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date except that deferred tax assets are recognised only to the extent that the directors anticipate that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax balances are not discounted.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures & Fittings	-	10% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tax on profit

Major components of tax expense

	2024	2023
	£	£

Current tax:

UK current tax expense	30,066	21,291
	--------	--------
Tax on profit	30,066	21,291
	--------	--------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2023: higher than) the standard rate of corporation tax in the UK of 23.56 % (2023: 21 %).

	2024	2023
	£	£
Profit on ordinary activities before taxation	117,646	91,830
	---------	--------
Profit on ordinary activities by rate of tax	27,725	19,211
Effect of expenses not deductible for tax purposes	2,350	2,090
Effect of capital allowances and depreciation	( 9)	( 10)
	---------	--------
Tax on profit	30,066	21,291
	---------	--------

6. Dividends

	2024	2023
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	50,000	35,000
	--------	--------

7. Intangible assets

	Goodwill
	£
Cost
At 1 October 2023	200,000
Additions	150,000
	---------
At 30 September 2024	350,000
	---------
Amortisation
At 1 October 2023	170,000
Charge for the year	10,000
	---------
At 30 September 2024	180,000
	---------
Carrying amount
At 30 September 2024	170,000
	---------
At 30 September 2023	30,000
	---------

8. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 October 2023 and 30 September 2024	11,090	11,090
	--------	--------
Depreciation
At 1 October 2023 and 30 September 2024	11,089	11,089
	--------	--------
Carrying amount
At 30 September 2024	1	1
	--------	--------
At 30 September 2023	1	1
	--------	--------

9. Stocks

	2024	2023
	£	£
Raw materials and consumables	11,308	17,356
	--------	--------

10. Debtors

	2024	2023
	£	£
Trade debtors	3,157	–
Other debtors	40,482	95,689
	--------	--------
	43,639	95,689
	--------	--------

11. Investments

	2024	2023
	£	£
Other investments	100,000	100,000
	---------	---------

12. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	44,264	37,897
Corporation tax	37,701	19,635
Social security and other taxes	101	228
Other creditors	10,130	10,130
	--------	--------
	92,196	67,890
	--------	--------

13. Called up share capital

Authorised share capital

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	------	------	------	------

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

14. Directors' advances, credits and guarantees

At 30th September 2024, debtors include the following amounts due from the director:- Mr S.Samat £32,429 (2023 - £89,134) The loans are interest free and repayable on demand

15. Related party transactions

The director, Mr S.S. Samat received dividends of £50,000 for year under review. The director, Mr S.N. Samat waived his right to dividends for the year under review. The company occupies premises owned personally by Mr S.N.Samat, director, it has been agreed no rent will be charged for period under review.