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

REGISTERED NUMBER: 08463513 (England and Wales)

SAMTAN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr V K Audimoolam

REGISTERED OFFICE:

18 Field Way

Pettswood

Orpington

Kent

BR5 1JP

REGISTERED NUMBER:

08463513 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Tangible assets

4

1,214

100

CURRENT ASSETS

Cash at bank

92,973

31,567

CREDITORS

Amounts falling due within one year

5

30,802

21,912

NET CURRENT ASSETS

62,171

9,655

TOTAL ASSETS LESS CURRENT LIABILITIES

63,385

9,755

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

63,285

9,655

SHAREHOLDERS' FUNDS

63,385

9,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 December 2018 and were signed by:

Dr V K Audimoolam - Director

1.	STATUTORY INFORMATION

Samtan 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents amounts invoiced in respect of services provided, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

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.

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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2017

534

Additions

1,619

At 31 March 2018

2,153

DEPRECIATION

At 1 April 2017

434

Charge for year

505

At 31 March 2018

939

NET BOOK VALUE

At 31 March 2018

1,214

At 31 March 2017

100

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

-

40

Taxation and social security

14,645

1,938

Other creditors

16,157

19,934

30,802

21,912

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £10,395 (2017: £14,532) monies owed to Dr V K Audimoolam, the sole

director. The amount is unsecured and interest free with no set terms for repayment.

7.	RELATED PARTY DISCLOSURES

During the year £10,400 (2017: £11,000) was paid to the spouse of Dr V K Audiomoolam, the sole director, in

relation to the provision of secretarial services.

Dividends declared to Dr V K Audiomoolam and his spouse as the shareholders of the company amounted to

£9,800 (2017: £9,800)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr V K Audimoolam.