Sammy's Shoes Ltd


Directors	Manjeet Kaur
	Chaman Lal


Registered Address	180 Queensway
	Bletchley
	Milton Keynes
	MK2 2SW


Registered Number	09007988 (England and Wales)

Statement of Financial Position
31 October 2024

	Notes	31 Oct 2024		30 Apr 2023
		£	£	£	£
Fixed assets
Tangible assets	3		1,813		2,900
			1,813		2,900
Current assets
Stocks	4	2,000		28,000
Debtors	5	6,109		-
Cash at bank and on hand		2,513		2,775
		10,622		30,775
Creditors amounts falling due within one year	6	(255,449)		(244,750)
Net current assets (liabilities)			(244,827)		(213,975)
Total assets less current liabilities			(243,014)		(211,075)
Creditors amounts falling due after one year	7		(14,103)		(15,000)
Net assets			(257,117)		(226,075)
Capital and reserves
Called up share capital			200		200
Profit and loss account			(257,317)		(226,275)
Shareholders' funds			(257,117)		(226,075)

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 October 2025, and are signed on its behalf by:

Chaman Lal
Director

Manjeet Kaur
Director

Registered Company No. 09007988

Sammy's Shoes Ltd

Notes to the Financial Statements
for the period ended 31 October 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Fixtures and fittings	25
	Vehicles	25

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 May 23	5,000	10,111	15,111
At 31 October 24	5,000	10,111	15,111
Depreciation and impairment
At 01 May 23	4,583	7,628	12,211
Charge for year	156	931	1,087
At 31 October 24	4,739	8,559	13,298
Net book value
At 31 October 24	261	1,552	1,813
At 30 April 23	417	2,483	2,900

4.	Stocks

	2024	2023
	£	£
Other stocks	2,000	28,000
Total	2,000	28,000

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	6,109	-
Total	6,109	-

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	3,964	6,476
Bank borrowings and overdrafts	250,524	237,374
Accrued liabilities and deferred income	961	900
Total	255,449	244,750

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	14,103	15,000
Total	14,103	15,000