Company Registration No. 10937427 (England and Wales)
SUMMER HOMES LTD
Unaudited accounts
for the year ended 31 January 2024
SUMMER HOMES LTD
Unaudited accounts
Contents
SUMMER HOMES LTD
Company Information
for the year ended 31 January 2024
Company Number
10937427 (England and Wales)
Registered Office
30 Lodge Crescent
Waltham Cross
Hertfordshire
EN8 8BS
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
SUMMER HOMES LTD
Statement of financial position
as at 31 January 2024
Tangible assets
6,483
7,172
Cash at bank and in hand
42,498
38,576
Creditors: amounts falling due within one year
(114,216)
(141,599)
Net current liabilities
(5,240)
(7,046)
Called up share capital
3
3
Profit and loss account
1,240
123
Shareholders' funds
1,243
126
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 September 2024 and were signed on its behalf by
Mr F Yilmaz
Director
Company Registration No. 10937427
SUMMER HOMES LTD
Notes to the Accounts
for the year ended 31 January 2024
SUMMER HOMES LTD is a private company, limited by shares, registered in England and Wales, registration number 10937427. The registered office is 30 Lodge Crescent, Waltham Cross, Hertfordshire, EN8 8BS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
12.5% - reducing line method
Motor vehicles
6% - reducing line method
Fixtures & fittings
12.5% - reducing line method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
SUMMER HOMES LTD
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
579
3,400
9,039
13,018
At 31 January 2024
579
3,400
9,039
13,018
At 1 February 2023
361
204
5,281
5,846
Charge for the year
27
192
470
689
At 31 January 2024
388
396
5,751
6,535
At 31 January 2024
191
3,004
3,288
6,483
At 31 January 2023
218
3,196
3,758
7,172
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
13,865
16,168
Loans from directors
92,625
99,540
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
8
Transactions with related parties
Included within other creditors is an amount of £92,625 (2023;£99,540) due to its directors. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 3 (2023: 2).