Sam the Sweep Limited - Accounts

Sam the Sweep Limited - Accounts

SAM THE SWEEP LIMITED - Company Information

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Registered Number: 06358945
England and Wales

 

 

 

SAM THE SWEEP LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

Sam the Sweep Limited
Contents Page
For the year ended 30 September 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Sam the Sweep Limited for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sam the Sweep Limited for the year ended 30 September 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Sam the Sweep Limited , as a body, in accordance with the terms of our engagement letter dated 06 March 2024. Our work has been undertaken solely to prepare for your approval the accounts of Sam the Sweep Limited and state those matters that we have agreed to state to the Board of Directors of Sam the Sweep Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sam the Sweep Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sam the Sweep Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sam the Sweep Limited . You consider that Sam the Sweep Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sam the Sweep Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 September 2023



....................................................
SRB Accountancy Limited
The Lower Stables
Main Street, Sudbury
Ashbourne
Derbyshire
DE6 5HT
06 March 2024
1
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 7,982    11,182 
7,982    11,182 
Current assets      
Debtors: amounts falling due within one year 1,767    1,174 
Cash at bank and in hand 3,663    3,185 
5,430    4,359 
Creditors: amount falling due within one year (9,320)   (21,078)
Net current liabilities (3,890)   (16,719)
 
Total assets less current liabilities 4,092    (5,537)
Creditors: amount falling due after more than one year (4,090)   (6,560)
Net assets 2    (12,097)
 

Capital and reserves 		     
Called up share capital 4 2    2 
Profit and loss account 0    (12,099)
Shareholder's funds 2    (12,097)
 


For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 06 March 2024 and were signed by:


-------------------------------
Sam Eldershaw
Director
2
General Information
Sam the Sweep Limited is a private company, limited by shares, registered in England and Wales, registration number 06358945, registration address The Lower Stables, Main Street, Sudbury, Ashbourne, Derbyshire, DE6 5HT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles - 25% on reducing balance
Computer Equipment - 15% on reducing balance
Plant & Machinery - 15% on reducing balance
Plant and Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 October 2022 3,263    21,750    3,846    28,859 
Additions -    -    -    - 
Disposals -    -    (2,647)   (2,647)
At 30 September 2023 3,263    21,750    1,199    26,212 
Depreciation
At 01 October 2022 2,624    12,731    2,322    17,677 
Charge for year 96    2,255    225    2,576 
On disposals -    -    (2,023)   (2,023)
At 30 September 2023 2,720    14,986    524    18,230 
Net book values
Closing balance as at 30 September 2023 543    6,764    675    7,982 
Opening balance as at 01 October 2022 639    9,019    1,524    11,182 


4.

Share Capital

Authorised
2 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2023
£		   2022
£
2 Ordinary shares of £1.00 each 2    2 
2    2 

3