Company Registration No. 03879075 (England and Wales)
SUM INTERNATIONAL CONSULTING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2013
SUM INTERNATIONAL CONSULTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
SUM INTERNATIONAL CONSULTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2013
30 November 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
11,368
13,733
Current assets
Debtors
449,053
417,780
Cash at bank and in hand
234
9,172
449,287
426,952
Creditors: amounts falling due within one year
(247,368)
(281,336)
Net current assets
201,919
145,616
Total assets less current liabilities
213,287
159,349
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
213,286
159,348
Shareholders' funds
213,287
159,349
For the financial year ended 30 November 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 October 2014
Y Amiga
Director
Company Registration No. 03879075
SUM INTERNATIONAL CONSULTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2013
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% straight line
Fixtures, fittings & equipment
25% straight line
1.4
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2012
17,196
Additions
2,304
At 30 November 2013
19,500
Depreciation
At 1 December 2012
3,463
Charge for the year
4,669
At 30 November 2013
8,132
Net book value
At 30 November 2013
11,368
At 30 November 2012
13,733
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
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