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Registered number: 00653541
H.Samson(Bolton)Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00653541
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,479,500 1,492,391
1,479,500 1,492,391
CURRENT ASSETS
Stocks 5 131,708 162,314
Debtors 6 2,206,916 2,336,820
Cash at bank and in hand 39,193 11,886
2,377,817 2,511,020
Creditors: Amounts Falling Due Within One Year 7 (1,170,732 ) (1,338,867 )
NET CURRENT ASSETS (LIABILITIES) 1,207,085 1,172,153
TOTAL ASSETS LESS CURRENT LIABILITIES 2,686,585 2,664,544
Creditors: Amounts Falling Due After More Than One Year 8 (82,477 ) (108,726 )
NET ASSETS 2,604,108 2,555,818
CAPITAL AND RESERVES
Called up share capital 10 3,000 3,000
Revaluation reserve 11 706,826 706,826
Other reserves 6,500 6,500
Profit and Loss Account 1,887,782 1,839,492
SHAREHOLDERS' FUNDS 2,604,108 2,555,818
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr H Wolstencroft
Director
28/11/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
H.Samson(Bolton)Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00653541 . The registered office is Warwick House, Bridgeman Street, Bolton, BL3 6BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 40 (2024: 42)
40 42
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2024 1,238,221 481,892 411,893 2,132,006
Additions 18,224 20,559 92,953 131,736
Disposals - (50,353 ) (49,953 ) (100,306 )
As at 31 March 2025 1,256,445 452,098 454,893 2,163,436
Depreciation
As at 1 April 2024 236,839 213,151 189,625 639,615
Provided during the period 12,321 42,177 60,337 114,835
Disposals - (48,494 ) (22,020 ) (70,514 )
As at 31 March 2025 249,160 206,834 227,942 683,936
Net Book Value
As at 31 March 2025 1,007,285 245,264 226,951 1,479,500
As at 1 April 2024 1,001,382 268,741 222,268 1,492,391
5. Stocks
2025 2024
£ £
Stock 131,708 162,314
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 490,386 614,033
Prepayments and accrued income 40,707 70,395
Other debtors - 1,914
Other debtors - owed from parent undertaking 1,675,823 1,650,478
2,206,916 2,336,820
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 73,208 76,473
Trade creditors 466,479 519,712
Bank loans and overdrafts 158,714 171,868
Corporation tax 116,925 148,286
Other taxes and social security 200,972 191,718
Other creditors 138,536 213,597
Accruals and deferred income 15,898 17,213
1,170,732 1,338,867
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 82,477 84,297
Bank loans - 24,429
82,477 108,726
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 73,208 76,473
Later than one year and not later than five years 82,477 84,297
155,685 160,770
155,685 160,770
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3,000 3,000
Page 5
Page 6
11. Reserves
Revaluation Reserve
£
As at 1 April 2024 706,826
As at 31 March 2025 706,826
Page 6