Summit Trading And Investments Limited - Limited company - abbreviated - 11.6

Summit Trading And Investments Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 07694935 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2014

FOR

SUMMIT TRADING AND INVESTMENTS LIMITED

SUMMIT TRADING AND INVESTMENTS LIMITED (REGISTERED NUMBER: 07694935)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

SUMMIT TRADING AND INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2014







DIRECTOR: Ms N Shalchizadeh





REGISTERED OFFICE: 55 Carlton Road
London
England
W4 5DY





REGISTERED NUMBER: 07694935 (England and Wales)





ACCOUNTANTS: Hadleys & Co.
Chartered Accountants &
Registered Auditors
8th Floor, Anchorage House
2 Clove Crescent
London
E14 2BE

SUMMIT TRADING AND INVESTMENTS LIMITED (REGISTERED NUMBER: 07694935)

ABBREVIATED BALANCE SHEET
31 JULY 2014

2014 2013
Notes £    £   
FIXED ASSETS
Tangible assets 2 778 1,036

CURRENT ASSETS
Debtors 922 1,931
Cash at bank 24,041 40,726
24,963 42,657
CREDITORS
Amounts falling due within one year (24,765 ) (43,171 )
NET CURRENT ASSETS/(LIABILITIES) 198 (514 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

976

522

CAPITAL AND RESERVES
Called up share capital 3 125 125
Profit and loss account 851 397
SHAREHOLDERS' FUNDS 976 522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 14 January 2015 and were signed by:





Ms N Shalchizadeh - Director


SUMMIT TRADING AND INVESTMENTS LIMITED (REGISTERED NUMBER: 07694935)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2013
and 31 July 2014 1,844
DEPRECIATION
At 1 August 2013 808
Charge for year 258
At 31 July 2014 1,066
NET BOOK VALUE
At 31 July 2014 778
At 31 July 2013 1,036

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
125 Ordinary £1 125 125