IRIS Accounts Production v24.2.0.383 03830530 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038305302023-05-31038305302024-05-31038305302023-06-012024-05-31038305302022-02-28038305302022-03-012023-05-31038305302023-05-3103830530ns15:EnglandWales2023-06-012024-05-3103830530ns14:PoundSterling2023-06-012024-05-3103830530ns10:Director12023-06-012024-05-3103830530ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3103830530ns10:SmallEntities2023-06-012024-05-3103830530ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3103830530ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3103830530ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3103830530ns10:FullAccounts2023-06-012024-05-3103830530ns10:OrdinaryShareClass12023-06-012024-05-3103830530ns10:Director22023-06-012024-05-3103830530ns10:CompanySecretary12023-06-012024-05-3103830530ns10:RegisteredOffice2023-06-012024-05-3103830530ns5:CurrentFinancialInstruments2024-05-3103830530ns5:CurrentFinancialInstruments2023-05-3103830530ns5:Non-currentFinancialInstruments2024-05-3103830530ns5:Non-currentFinancialInstruments2023-05-3103830530ns5:ShareCapital2024-05-3103830530ns5:ShareCapital2023-05-3103830530ns5:RetainedEarningsAccumulatedLosses2024-05-3103830530ns5:RetainedEarningsAccumulatedLosses2023-05-3103830530ns5:PlantMachinery2023-06-012024-05-3103830530ns5:PlantMachinery2023-05-3103830530ns5:FurnitureFittings2023-05-3103830530ns5:MotorVehicles2023-05-3103830530ns5:ComputerEquipment2023-05-3103830530ns5:FurnitureFittings2023-06-012024-05-3103830530ns5:MotorVehicles2023-06-012024-05-3103830530ns5:ComputerEquipment2023-06-012024-05-3103830530ns5:PlantMachinery2024-05-3103830530ns5:FurnitureFittings2024-05-3103830530ns5:MotorVehicles2024-05-3103830530ns5:ComputerEquipment2024-05-3103830530ns5:PlantMachinery2023-05-3103830530ns5:FurnitureFittings2023-05-3103830530ns5:MotorVehicles2023-05-3103830530ns5:ComputerEquipment2023-05-3103830530ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3103830530ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3103830530ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-05-3103830530ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3103830530ns5:DeferredTaxation2023-05-3103830530ns5:DeferredTaxation2024-05-3103830530ns10:OrdinaryShareClass12024-05-3103830530ns5:RetainedEarningsAccumulatedLosses2023-05-3103830530ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Summercombe No 87 Limited

Summercombe No 87 Limited (Registered number: 03830530)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Summercombe No 87 Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P J Bennett
D Herrington





SECRETARY: SJ Ellis





REGISTERED OFFICE: Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR





REGISTERED NUMBER: 03830530 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Summercombe No 87 Limited (Registered number: 03830530)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,668 1,257

CURRENT ASSETS
Stocks 50,000 50,000
Debtors 5 88,667 105,834
Cash at bank 7,016 39,423
145,683 195,257
CREDITORS
Amounts falling due within one year 6 172,045 169,723
NET CURRENT (LIABILITIES)/ASSETS (26,362 ) 25,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

(694

)

26,791

CREDITORS
Amounts falling due after more than one year 7 6,900 12,900
NET (LIABILITIES)/ASSETS (7,594 ) 13,891

CAPITAL AND RESERVES
Called up share capital 9 21 21
Retained earnings 10 (7,615 ) 13,870
SHAREHOLDERS' FUNDS (7,594 ) 13,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





D Herrington - Director


Summercombe No 87 Limited (Registered number: 03830530)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Summercombe No 87 Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered 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 etc - 25% on cost

Fixed assets are stated at cost less accumulated depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors 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 annual financial statements.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Office &
Plant and and Motor sundry
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 9,734 6,055 45,451 6,552 67,792
Additions 33,000 - - 387 33,387
At 31 May 2024 42,734 6,055 45,451 6,939 101,179
DEPRECIATION
At 1 June 2023 9,713 6,055 45,451 5,316 66,535
Charge for year 8,250 - - 726 8,976
At 31 May 2024 17,963 6,055 45,451 6,042 75,511
NET BOOK VALUE
At 31 May 2024 24,771 - - 897 25,668
At 31 May 2023 21 - - 1,236 1,257

Summercombe No 87 Limited (Registered number: 03830530)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 48,904 48,797
Other debtors 17,500 17,500
VAT 20,245 32,182
Deferred tax asset 2,018 7,355
88,667 105,834

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 1,497 12,657
Social security and other taxes 1,189 992
Other creditors 6,000 6,000
Wages control a/c - 12,787
Directors' current accounts 153,499 127,322
Accrued expenses 3,860 3,965
172,045 169,723

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 6,900 12,900

8. DEFERRED TAX
£   
Balance at 1 June 2023 (7,355 )
Deferred tax 5,337
Balance at 31 May 2024 (2,018 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
21 ordinary £1 21 21

10. RESERVES
Retained
earnings
£   

At 1 June 2023 13,870
Deficit for the year (13,985 )
Dividends (7,500 )
At 31 May 2024 (7,615 )

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr PJ Bennett & Mr D Herrington.