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Registered Number: 10797329
England and Wales

 

 

 

SUMMERLIFE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 June 2022

End date: 31 May 2023
  2023   2022
    £ £   £ £
Fixed assets   4,636      8,329 
Current assets 50,389      55,249   
Creditors: amount falling due within one year (16,944)     (8,364)  
Net current assets   33,445      46,885 
Total assets less current liabilities   38,081      55,214 
Provisions for liabilities   (29)     (61)
Net assets   38,052      55,153 
 

         
Capital and reserves   38,052      55,153 
 
NOTES TO THE ACCOUNTS

General Information
Summerlife Limited is a private company, limited by shares, registered in England and Wales, registration number 10797329, registration address 8 Dahl Close, Wellington, Telford, UK, TF1 2GH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – 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.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Plant and Machinery 4 years Straight Line
Motor Vehicles 5 years Straight Line
Fixtures and Fittings 4 years Straight Line
Computer Equipment 3 years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 June 2022 2,057    3,025    5,551    5,227    15,860 
Additions        
Disposals        
At 31 May 2023 2,057    3,025    5,551    5,227    15,860 
Depreciation
At 01 June 2022 946    1,815    1,388    3,382    7,531 
Charge for year 515    605    1,387    1,186    3,693 
On disposals        
At 31 May 2023 1,461    2,420    2,775    4,568    11,224 
Net book values
Closing balance as at 31 May 2023 596    605    2,776    659    4,636 
Opening balance as at 01 June 2022 1,111    1,210    4,163    1,845    8,329 


3.

Average number of employees

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


For the year ended 31 May 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.

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 accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 28 December 2023 and were signed by:


--------------------------------
Krzysztof Kucharski
Director
1