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Company Registration No. 12991527 (England and Wales)
Summit Furniture International Co., Limited Unaudited accounts for the year ended 30 November 2024
Summit Furniture International Co., Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Summit Furniture International Co., Limited Company Information for the year ended 30 November 2024
Director
Jiadong Xu
Company Number
12991527 (England and Wales)
Registered Office
1st Floor 239 Kensington High Street London W8 6SN United Kingdom
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Summit Furniture International Co., Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
4
1,636,227 
1,636,227 
Cash at bank and in hand
120,274 
120,274 
1,756,501 
1,756,501 
Creditors: amounts falling due within one year
5
(1,086,288)
(1,086,288)
Net current assets
670,213 
670,213 
Net assets
670,213 
670,213 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
669,213 
669,213 
Shareholders' funds
670,213 
670,213 
For the year ending 30 November 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 29 November 2025 and were signed on its behalf by
Jiadong Xu Director Company Registration No. 12991527
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Summit Furniture International Co., Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Summit Furniture International Co., Limited is a private company, limited by shares, registered in England and Wales, registration number 12991527. The registered office is 1st Floor, 239 Kensington High Street, London, W8 6SN, United Kingdom.
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
These financial statements for the year ended 30 November 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
664,736 
664,736 
Trade debtors
971,491 
971,491 
1,636,227 
1,636,227 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
906,394 
906,394 
Taxes and social security
179,894 
179,894 
1,086,288 
1,086,288 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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