Summervale Consultants Limited


1 December 2019 false Taxfiler 2021.7 05235616business:PrivateLimitedCompanyLtd2019-12-012020-11-30 052356162019-11-30 052356162019-12-012020-11-30 05235616business:AuditExempt-NoAccountantsReport2019-12-012020-11-30 05235616business:AbridgedAccounts2019-12-012020-11-30 052356162020-11-30 052356162019-11-30 05235616core:WithinOneYear2020-11-30 05235616core:WithinOneYear2019-11-30 05235616core:ShareCapital2020-11-30 05235616core:ShareCapital2019-11-30 05235616core:RetainedEarningsAccumulatedLosses2020-11-30 05235616core:RetainedEarningsAccumulatedLosses2019-11-30 05235616business:SmallEntities2019-12-012020-11-30 05235616business:Director12019-12-012020-11-30 05235616countries:EnglandWales2019-12-012020-11-30 05235616core:MotorVehicles2019-12-012020-11-30 05235616business:OrdinaryShareClass12019-12-012020-11-30 05235616business:OrdinaryShareClass12018-12-012019-11-30 05235616business:Director112019-12-012020-11-30 05235616business:Director112019-11-30 05235616business:Director112020-11-30 052356162018-12-012019-11-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 05235616 (England and Wales)
Summervale Consultants Limited Unaudited accounts for the year ended 30 November 2020
Summervale Consultants Limited Statement of financial position as at 30 November 2020
2020 
2019 
Notes
£ 
£ 
Current assets
Debtors
4,263 
11,340 
Cash at bank and in hand
18,772 
38,916 
23,035 
50,256 
Creditors: amounts falling due within one year
(10,271)
(17,336)
Net current assets
12,764 
32,920 
Net assets
12,764 
32,920 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
12,754 
32,910 
Shareholders' funds
12,764 
32,920 
For the year ending 30 November 2020 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 27 June 2021 and were signed on its behalf by
R.Bahrani Director Company Registration No. 05235616
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Summervale Consultants Limited Notes to the Accounts for the year ended 30 November 2020
1
Statutory information
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.
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.
Turnover
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
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 
£ 
Cost or valuation
At 1 December 2019
4,450 
At 30 November 2020
4,450 
Depreciation
At 1 December 2019
4,450 
At 30 November 2020
4,450 
Net book value
At 30 November 2020
- 
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Summervale Consultants Limited Notes to the Accounts for the year ended 30 November 2020
5
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
R.Bahrani
Loan
- 
5,000 
2,280 
2,720 
- 
5,000 
2,280 
2,720 
The director's loan was repaid to the company by 24 June 2021.
7
Average number of employees
During the year the average number of employees was 2 (2019: 2).
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