Company Registration No. 05235616 (England and Wales)
Summervale Consultants Limited
Unaudited accounts
for the year ended 30 November 2021
Summervale Consultants Limited
Statement of financial position
as at 30 November 2021
Cash at bank and in hand
19,111
18,772
Creditors: amounts falling due within one year
(9,955)
(10,271)
Net current assets
9,156
12,764
Called up share capital
10
10
Profit and loss account
9,146
12,754
Shareholders' funds
9,156
12,764
For the year ending 30 November 2021 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 13 June 2022 and were signed on its behalf by
R.Bahrani
Director
Company Registration No. 05235616
Summervale Consultants Limited
Notes to the Accounts
for the year ended 30 November 2021
Summervale Consultants Limited is a private company, limited by shares, registered in England and Wales, registration number 05235616.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Motor vehicles
Reduding balance - 25%
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Total
Summervale Consultants Limited
Notes to the Accounts
for the year ended 30 November 2021
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).