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Company Registration No. 11372070 (England and Wales)
Summer-Browning Associates Limited Unaudited accounts for the year ended 31 May 2025
Summer-Browning Associates Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Summer-Browning Associates Limited Company Information for the year ended 31 May 2025
Directors
T A Vause N Browning
Company Number
11372070 (England and Wales)
Registered Office
27 Old Gloucester Street London WC1N 3AX UK
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Summer-Browning Associates Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,814
1,628
Current assets
Debtors
5
783,571
733,216
Cash at bank and in hand
291,782
152,973
1,075,353
886,189
Creditors: amounts falling due within one year
6
(709,409)
(574,690)
Net current assets
365,944
311,499
Total assets less current liabilities
368,758
313,127
Creditors: amounts falling due after more than one year
7
(16,905)
(27,498)
Net assets
351,853
285,629
Capital and reserves
Called up share capital
120
120
Share premium
4,780
4,780
Profit and loss account
346,953
280,729
Shareholders' funds
351,853
285,629
For the year ending 31 May 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 20 January 2026 and were signed on its behalf by
T A Vause Director Company Registration No. 11372070
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Summer-Browning Associates Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Summer-Browning Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 11372070. The registered office is 27 Old Gloucester Street, London, WC1N 3AX, UK.
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.
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:
Fixtures & fittings
3 Year Straight Line
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 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.
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, cost includes a relevant proportion of overheads according to the stage of completion.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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Summer-Browning Associates Limited Notes to the Accounts for the year ended 31 May 2025
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements: Determine whether there are indicators of impairment of the company's tangible fixed assets and inventories. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 June 2024
6,444
Additions
2,490
At 31 May 2025
8,934
Depreciation
At 1 June 2024
4,816
Charge for the year
1,304
At 31 May 2025
6,120
Net book value
At 31 May 2025
2,814
At 31 May 2024
1,628
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Summer-Browning Associates Limited Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
317,913
299,963
Accrued income and prepayments
465,658
432,074
Other debtors
-
1,179
783,571
733,216
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
16,547
10,051
Trade creditors
212,170
221,641
Taxes and social security
120,049
51,000
Other creditors
2,139
1,388
Loans from directors
-
(64,979)
Accruals
358,504
355,589
709,409
574,690
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
16,905
27,498
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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