Samthea Limited - Accounts to registrar (filleted) - small 18.2

Samthea Limited - Accounts to registrar (filleted) - small 18.2

SAMTHEA LIMITED - Company Information

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REGISTERED NUMBER: 10165028 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

SAMTHEA LIMITED
SAMTHEA LIMITED (REGISTERED NUMBER: 10165028)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SAMTHEA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2020







DIRECTORS: Ms S Deeley
Mrs A J Evans





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
GL50 1HX





REGISTERED NUMBER: 10165028 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX
1
SAMTHEA LIMITED (REGISTERED NUMBER: 10165028)

BALANCE SHEET
31 March 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 524,654 599,579

CURRENT ASSETS
Debtors 5 1,000 1,000
Cash at bank 4,689 4,694
5,689 5,694
CREDITORS
Amounts falling due within one year 6 144,521 199,621
NET CURRENT LIABILITIES (138,832 ) (193,927 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
385,822
405,652

CREDITORS
Amounts falling due after more than one year 7 23,527 43,207
NET ASSETS 362,295 362,445

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 361,295 361,445
SHAREHOLDERS' FUNDS 362,295 362,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2020 and were signed on its behalf by:




Ms S Deeley - Director



Mrs A J Evans - Director


The notes form part of these financial statements

2
SAMTHEA LIMITED (REGISTERED NUMBER: 10165028)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2020

1. STATUTORY INFORMATION

Samthea Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2019
and 31 March 2020 749,429
AMORTISATION
At 1 April 2019 149,850
Charge for year 74,925
At 31 March 2020 224,775
NET BOOK VALUE
At 31 March 2020 524,654
At 31 March 2019 599,579

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 1,000 1,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other creditors 144,521 199,621

3
SAMTHEA LIMITED (REGISTERED NUMBER: 10165028)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2020

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£    £   
Other creditors 23,527 43,207

8. SECURED DEBTS

The following secured debts are included within creditors:

2020 2019
£    £   
Vendors loan 43,227 61,618

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a balance owed to the directors, Ms S Deeley and Mrs A Evans of £60,000 each.

During the year dividends of £109,200 were paid to the directors.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms S Deeley.

4