IRIS Accounts Production v24.1.4.33 04610287 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046102872022-12-31046102872023-12-31046102872023-01-012023-12-31046102872021-12-31046102872022-01-012022-12-31046102872022-12-3104610287ns15:EnglandWales2023-01-012023-12-3104610287ns14:PoundSterling2023-01-012023-12-3104610287ns10:Director12023-01-012023-12-3104610287ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104610287ns10:SmallEntities2023-01-012023-12-3104610287ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104610287ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104610287ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104610287ns10:FullAccounts2023-01-012023-12-3104610287ns10:CompanySecretary12023-01-012023-12-3104610287ns10:RegisteredOffice2023-01-012023-12-3104610287ns5:CurrentFinancialInstruments2023-12-3104610287ns5:CurrentFinancialInstruments2022-12-3104610287ns5:Non-currentFinancialInstruments2023-12-3104610287ns5:Non-currentFinancialInstruments2022-12-3104610287ns5:ShareCapital2023-12-3104610287ns5:ShareCapital2022-12-3104610287ns5:RetainedEarningsAccumulatedLosses2023-12-3104610287ns5:RetainedEarningsAccumulatedLosses2022-12-3104610287ns5:PlantMachinery2023-01-012023-12-3104610287ns5:MotorVehicles2023-01-012023-12-3104610287ns5:PlantMachinery2022-12-3104610287ns5:MotorVehicles2022-12-3104610287ns5:PlantMachinery2023-12-3104610287ns5:MotorVehicles2023-12-3104610287ns5:PlantMachinery2022-12-3104610287ns5:MotorVehicles2022-12-3104610287ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104610287ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 04610287 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

A. M. SUMMERS LIMITED

A. M. SUMMERS LIMITED (REGISTERED NUMBER: 04610287)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A. M. SUMMERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A M Summers





SECRETARY: Mrs S Summers





REGISTERED OFFICE: 9 Stanley Gardens
Balby
Doncaster
South Yorkshire
DN4 0JG





REGISTERED NUMBER: 04610287 (England and Wales)





ACCOUNTANTS: A Wigglesworth and Company Ltd
Chartered Accountants
Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA

A. M. SUMMERS LIMITED (REGISTERED NUMBER: 04610287)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,486 3,314

CURRENT ASSETS
Stocks 102 118
Debtors 5 4,025 7,050
Cash at bank and in hand 147 520
4,274 7,688
CREDITORS
Amounts falling due within one year 6 15,550 13,224
NET CURRENT LIABILITIES (11,276 ) (5,536 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,790

)

(2,222

)

CREDITORS
Amounts falling due after more than one
year

7

13,703

16,111
NET LIABILITIES (22,493 ) (18,333 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (22,495 ) (18,335 )
SHAREHOLDERS' FUNDS (22,493 ) (18,333 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

A. M. SUMMERS LIMITED (REGISTERED NUMBER: 04610287)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The 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.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





A M Summers - Director


A. M. SUMMERS LIMITED (REGISTERED NUMBER: 04610287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

A. M. Summers 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

A. M. SUMMERS LIMITED (REGISTERED NUMBER: 04610287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Going concern
Although the company's liabilities exceed its assets by £22,493 (2022- £18,333) the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 898 14,495 15,393
DEPRECIATION
At 1 January 2023 881 11,198 12,079
Charge for year 4 824 828
At 31 December 2023 885 12,022 12,907
NET BOOK VALUE
At 31 December 2023 13 2,473 2,486
At 31 December 2022 17 3,297 3,314

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,025 7,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,888 2,222
Trade creditors 1,026 1,060
Other creditors 11,636 9,942
15,550 13,224

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 13,703 16,111

A. M. SUMMERS LIMITED (REGISTERED NUMBER: 04610287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,815 7,223

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £10,810 (2022 - £9,117).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are A M Summers and Mrs S Summers each holding 50% of the issued share capital.