SAMSVC (UK) Ltd - Limited company accounts 18.1d

REGISTERED NUMBER: 10429583 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

14 OCTOBER 2016 TO 31 DECEMBER 2017

FOR

SAMSVC (UK) LTD

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

R C Bruce

A C E Harcourt

REGISTERED OFFICE:

4 Clifton Road

Clifton

Bristol

BS8 1AG

REGISTERED NUMBER:

10429583 (England and Wales)

ACCOUNTANTS:

PJE Chartered Accountants

4 Clifton Road

Clifton

Bristol

BS8 1AG

The directors present their report with the financial statements of the company for the period 14 October 2016 to 31 December 2017.

INCORPORATION

The company was incorporated on 14 October 2016 .

DIRECTORS

The directors who have held office during the period from 14 October 2016 to the date of this report are as

follows:

R C Bruce - appointed 9 August 2017

A C E Harcourt - appointed 14 October 2016

Both the directors who are eligible offer themselves for election at the forthcoming first Annual General

Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

A C E Harcourt - Director

13 July 2018

TURNOVER

441,098

Cost of sales

238,746

GROSS PROFIT

202,352

Administrative expenses

182,484

OPERATING PROFIT

4

19,868

Interest payable and similar expenses

14

PROFIT BEFORE TAXATION

19,854

Tax on profit

6,326

PROFIT FOR THE FINANCIAL PERIOD

13,528

FIXED ASSETS

Tangible assets

5

2,691

CURRENT ASSETS

Stocks

64,588

Debtors

6

56,345

Cash at bank

16,296

137,229

CREDITORS

Amounts falling due within one year

7

116,392

NET CURRENT ASSETS

20,837

TOTAL ASSETS LESS CURRENT LIABILITIES

23,528

CAPITAL AND RESERVES

Called up share capital

10,000

Retained earnings

13,528

23,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 July 2018 and were signed on its behalf by:

A C E Harcourt - Director

1.	STATUTORY INFORMATION

SAMSVC (UK) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	OPERATING PROFIT

The operating profit is stated after charging:

£

Depreciation - owned assets

673

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

3,364

At 31 December 2017

3,364

DEPRECIATION

Charge for period

673

At 31 December 2017

673

NET BOOK VALUE

At 31 December 2017

2,691

6.

DEBTORS

£

Amounts falling due within one year:

Trade debtors

12,600

Other debtors

14,730

27,330

£

Amounts falling due after more than one year:

Amounts owed by associates

29,015

Aggregate amounts

56,345

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

65,906

Taxation and social security

41,899

Other creditors

8,587

116,392

8.	ULTIMATE PARENT COMPANY