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Registration number: 03278322

Summerstock Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Summerstock Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Summerstock Limited

Company Information

Director

Mr W S Peters

Company secretary

Mrs M J Peters

Registered office

Sweet Apple Tree
59 Eastern Road Willaston
Nantwich
Cheshire
CW5 7HT

Accountants

Alextra Group Limited
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Summerstock Limited

(Registration number: 03278322)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

815

958

Current assets

 

Cash at bank and in hand

 

730,100

725,555

Creditors: Amounts falling due within one year

5

(105,970)

(110,277)

Net current assets

 

624,130

615,278

Net assets

 

624,945

616,236

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

624,943

616,234

Shareholders' funds

 

624,945

616,236

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 15 March 2024
 

.........................................
Mr W S Peters
Director

 

Summerstock Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sweet Apple Tree
59 Eastern Road Willaston
Nantwich
Cheshire
CW5 7HT

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Summerstock Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

15% on written down value

Furniture and fittings

15% on written down value

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

8,266

8,266

At 30 November 2023

8,266

8,266

Depreciation

At 1 December 2022

7,308

7,308

Charge for the year

143

143

At 30 November 2023

7,451

7,451

Carrying amount

At 30 November 2023

815

815

At 30 November 2022

958

958

 

Summerstock Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

1,772

-

Accruals and deferred income

736

948

Other creditors

103,462

109,329

105,970

110,277