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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
Page
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SUMMER HOMES LTD Company Information for the year ended 31 January 2024
Director
Mr F Yilmaz
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
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SUMMER HOMES LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,483 
7,172 
Current assets
Inventories
84,500 
89,200 
Debtors
(18,022)
6,777 
Cash at bank and in hand
42,498 
38,576 
108,976 
134,553 
Creditors: amounts falling due within one year
(114,216)
(141,599)
Net current liabilities
(5,240)
(7,046)
Net assets
1,243 
126 
Capital and reserves
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
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SUMMER HOMES LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
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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 
Depreciation
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 
Net book value
At 31 January 2024
191 
3,004 
3,288 
6,483 
At 31 January 2023
218 
3,196 
3,758 
7,172 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(24,799)
- 
Other debtors
6,777 
6,777 
(18,022)
6,777 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,726 
16,592 
Trade creditors
- 
9,299 
Taxes and social security
13,865 
16,168 
Loans from directors
92,625 
99,540 
114,216 
141,599 
7
Share capital
2024 
2023 
£ 
£ 
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).
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