Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Caroline Summers 07/03/2006 Trevor Summers 07/03/2006 23 August 2024 The principal activity of the Company previously was the supply of labour to vessels in the fishing industry. The Company no longer trades but now holds funds on investment. SC298318 2024-03-31 SC298318 bus:Director1 2024-03-31 SC298318 bus:Director2 2024-03-31 SC298318 core:CurrentFinancialInstruments 2024-03-31 SC298318 core:CurrentFinancialInstruments 2023-03-31 SC298318 2023-03-31 SC298318 core:ShareCapital 2024-03-31 SC298318 core:ShareCapital 2023-03-31 SC298318 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC298318 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC298318 bus:OrdinaryShareClass1 2024-03-31 SC298318 2023-04-01 2024-03-31 SC298318 bus:FilletedAccounts 2023-04-01 2024-03-31 SC298318 bus:SmallEntities 2023-04-01 2024-03-31 SC298318 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC298318 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC298318 bus:Director1 2023-04-01 2024-03-31 SC298318 bus:Director2 2023-04-01 2024-03-31 SC298318 2022-04-01 2023-03-31 SC298318 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 SC298318 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC298318 (Scotland)

TREVOR SUMMERS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH THE REGISTRAR

TREVOR SUMMERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024

Contents

TREVOR SUMMERS LIMITED

BALANCE SHEET

AS AT 31 MARCH 2024
TREVOR SUMMERS LIMITED

BALANCE SHEET (continued)

AS AT 31 MARCH 2024
2024 2023
£ £
Current assets
Debtors 3 442 382
Cash at bank and in hand 238,667 316,425
239,109 316,807
Creditors: amounts falling due within one year 4 ( 23,172) ( 32,941)
Net current assets 215,937 283,866
Total assets less current liabilities 215,937 283,866
Net assets 215,937 283,866
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 215,837 283,766
Total shareholders' funds 215,937 283,866

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Trevor Summers Limited (registered number: SC298318) were approved and authorised for issue by the Board of Directors on 23 August 2024. They were signed on its behalf by:

Trevor Summers
Director
TREVOR SUMMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
TREVOR SUMMERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Trevor Summers Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 21 Westray Park, Fraserburgh, AB43 9WJ, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts receivable for the provision of labour services and is recognised when the service is provided during the year.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Other debtors 442 382

4. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 0 3,692
Other creditors 23,172 29,249
23,172 32,941

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100