REGISTERED NUMBER: 10023666 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SAMUEL'S GROUP LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S A Bull

Ms H M Bull

REGISTERED OFFICE:

9 Glengorse

Battle

East Sussex

TN33 0TX

REGISTERED NUMBER:

10023666 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Tangible assets

4

5,515

1,591

Investments

5

501

501

6,016

2,092

CURRENT ASSETS

Debtors

6

71,283

93,361

Cash at bank

2,570

-

73,853

93,361

CREDITORS

Amounts falling due within one year

7

10,533

11,083

NET CURRENT ASSETS

63,320

82,278

TOTAL ASSETS LESS CURRENT LIABILITIES

69,336

84,370

CREDITORS

Amounts falling due after more than one year

8

12,855

21,333

NET ASSETS

56,481

63,037

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

56,480

63,036

SHAREHOLDERS' FUNDS

56,481

63,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Mr S A Bull - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Furniture and Fixture - 20% on cost

Computer equipment - 33% on cost

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 January 2024

7,955

1,050

9,005

Additions

6,137

904

7,041

At 31 December 2024

14,092

1,954

16,046

Depreciation

At 1 January 2024

6,364

1,050

7,414

Charge for year

2,819

298

3,117

At 31 December 2024

9,183

1,348

10,531

Net book value

At 31 December 2024

4,909

606

5,515

At 31 December 2023

1,591

-

1,591

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

Cost

At 1 January 2024

and 31 December 2024

501

Net book value

At 31 December 2024

501

At 31 December 2023

501

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

1,000

1,000

Other debtors

6,290

-

7,290

1,000

Amounts falling due after more than one year:

Amounts owed by associates

63,993

92,361

Aggregate amounts

71,283

93,361

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

8,000

8,172

Other creditors

2,533

2,911

10,533

11,083

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

12,855

21,333

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

172

Bank loans

8,000

8,000

8,000

8,172

Amounts falling due between one and two years:

Bank loans - 1-2 years

8,000

8,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

4,855

13,333

At 31 December 2020, there exists a fixed and floating charge in favour of Bibby Financial Services LTD secured against property held under the company dated 9th July 2019.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1