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 PERIOD 1 APRIL 2021 TO 30 JUNE 2022

FOR

SAMTHEA LIMITED
SAMTHEA LIMITED (REGISTERED NUMBER: 10165028)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 April 2021 to 30 June 2022




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


SAMTHEA LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 April 2021 to 30 June 2022







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
30 June 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 449,729

CURRENT ASSETS
Debtors 5 - 1,000
Cash at bank 4,091 4,097
4,091 5,097
CREDITORS
Amounts falling due within one year 6 13 144,012
NET CURRENT ASSETS/(LIABILITIES) 4,078 (138,915 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,078
310,814

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,078 309,814
SHAREHOLDERS' FUNDS 4,078 310,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2022 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 18 July 2022 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 PERIOD 1 April 2021 to 30 June 2022

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 period 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 period was 2 (2021 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021 749,429
Disposals (749,429 )
At 30 June 2022 -
AMORTISATION
At 1 April 2021 299,700
Charge for period 93,656
Eliminated on disposal (393,356 )
At 30 June 2022 -
NET BOOK VALUE
At 30 June 2022 -
At 31 March 2021 449,729

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors - 1,000

3
SAMTHEA LIMITED (REGISTERED NUMBER: 10165028)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 April 2021 to 30 June 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security - 355
Other creditors 13 143,657
13 144,012

7. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Vendors loan - 23,549

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a balance owed to the directors, Ms S Deeley and Mrs A Evans of NIL (2021 £60,000) each.
These loans had no repayment terms and do not attract interest.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms S Deeley.

4