Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-313The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalsetrue2023-01-09No description of principal activitytrue 14580029 2023-01-08 14580029 2023-01-09 2024-01-31 14580029 2022-01-09 2023-01-08 14580029 2024-01-31 14580029 c:Director1 2023-01-09 2024-01-31 14580029 d:OfficeEquipment 2023-01-09 2024-01-31 14580029 d:OfficeEquipment 2024-01-31 14580029 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-09 2024-01-31 14580029 d:CurrentFinancialInstruments 2024-01-31 14580029 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14580029 d:ShareCapital 2024-01-31 14580029 d:RetainedEarningsAccumulatedLosses 2024-01-31 14580029 c:OrdinaryShareClass1 2023-01-09 2024-01-31 14580029 c:OrdinaryShareClass1 2024-01-31 14580029 c:FRS102 2023-01-09 2024-01-31 14580029 c:AuditExempt-NoAccountantsReport 2023-01-09 2024-01-31 14580029 c:FullAccounts 2023-01-09 2024-01-31 14580029 c:PrivateLimitedCompanyLtd 2023-01-09 2024-01-31 14580029 e:PoundSterling 2023-01-09 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14580029









SUMMERS FASHION HOUSE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2024

 
SUMMERS FASHION HOUSE LIMITED
REGISTERED NUMBER: 14580029

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
4,419

  
4,419

Current assets
  

Stocks
 5 
57,519

Debtors: amounts falling due within one year
 6 
25,686

Cash at bank and in hand
  
5,037

  
88,242

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 7 
(82,071)

Net current assets
  
 
 
6,171

Total assets less current liabilities
  
10,590

  

Net assets
  
10,590


Capital and reserves
  

Called up share capital 
 8 
1

Profit and loss account
  
10,589

  
10,590


Page 1

 
SUMMERS FASHION HOUSE LIMITED
REGISTERED NUMBER: 14580029
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 October 2024.




................................................
A J N Hassall
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SUMMERS FASHION HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Summers Fashion House Limited is a private company limited by shares and incorporated in England and Wales. The registered office is 124 Finchley Road, London, NW3 5JS. The company was incorporated on 9 January 2023 and commenced to trade on that date.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Revenue from the sale of goods are recognised when the significant risks and rewards of ownership of the goods have passed to the buyer. This is at the point that the customer accepts the delivery of the goods.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
SUMMERS FASHION HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

Page 4

 
SUMMERS FASHION HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

 
2.10

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


3.


Employees

The average monthly number of employees, including directors, during the period was 3.






Page 5

 
SUMMERS FASHION HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
5,015



At 31 January 2024

5,015



Depreciation


Charge for the period on owned assets
596



At 31 January 2024

596



Net book value



At 31 January 2024
4,419


5.


Stocks

2024
£

Finished goods and goods for resale
57,519

57,519



6.


Debtors

2024
£


Trade debtors
238

Other debtors
25,448

25,686


Page 6

 
SUMMERS FASHION HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
12,305

Corporation tax
2,604

Other taxation and social security
1,814

Other creditors
61,348

Accruals and deferred income
4,000

82,071



8.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary Shares share of £1.00
1


On incorporation the company issued 1 ordinary share of £1 each at par for a cash consideration.


9.


Controlling party

On incorporation, the ultimate controlling party was A J N Hassall, a director of the company.

 
Page 7