Summit Signage and Graphics Limited - Accounts to registrar (filleted) - small 18.2

Summit Signage and Graphics Limited - Accounts to registrar (filleted) - small 18.2

SUMMIT SIGNAGE AND GRAPHICS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.1.5.71 11171819 Board of Directors 1.2.19 31.1.20 31.1.20 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure111718192019-01-31111718192020-01-31111718192019-02-012020-01-31111718192018-01-25111718192018-01-262019-01-31111718192019-01-3111171819ns16:EnglandWales2019-02-012020-01-3111171819ns15:PoundSterling2019-02-012020-01-3111171819ns11:Director12019-02-012020-01-3111171819ns11:PrivateLimitedCompanyLtd2019-02-012020-01-3111171819ns11:SmallEntities2019-02-012020-01-3111171819ns11:AuditExempt-NoAccountantsReport2019-02-012020-01-3111171819ns11:SmallCompaniesRegimeForDirectorsReport2019-02-012020-01-3111171819ns11:SmallCompaniesRegimeForAccounts2019-02-012020-01-3111171819ns11:FullAccounts2019-02-012020-01-3111171819ns11:Director22019-02-012020-01-3111171819ns11:CompanySecretary12019-02-012020-01-3111171819ns11:RegisteredOffice2019-02-012020-01-3111171819ns6:CurrentFinancialInstruments2020-01-3111171819ns6:CurrentFinancialInstruments2019-01-3111171819ns6:ShareCapital2020-01-3111171819ns6:ShareCapital2019-01-3111171819ns6:RetainedEarningsAccumulatedLosses2020-01-3111171819ns6:RetainedEarningsAccumulatedLosses2019-01-3111171819ns6:PlantMachinery2019-02-012020-01-3111171819ns6:PlantMachinery2019-01-3111171819ns6:PlantMachinery2020-01-3111171819ns6:PlantMachinery2019-01-3111171819ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-01-3111171819ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-01-31
REGISTERED NUMBER: 11171819 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2020

for

Summit Signage and Graphics Limited
Summit Signage and Graphics Limited (Registered number: 11171819)






Contents of the Financial Statements
for the Year Ended 31 January 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Summit Signage and Graphics Limited

Company Information
for the Year Ended 31 January 2020







DIRECTORS: M Wilson
Ms H Wilson





SECRETARY:





REGISTERED OFFICE: Unit 14 Elgar Business Centre
Moseley Road
Hallow
Worcester
Worcestershire
WR2 6NJ





REGISTERED NUMBER: 11171819 (England and Wales)





ACCOUNTANTS: SW&A Accountants
Unit 7 Ball Mill Top
Main Road
Hallow
Worcester
Worcestershire
Page 1
Summit Signage and Graphics Limited (Registered number: 11171819)

Balance Sheet
31 January 2020

31.1.20 31.1.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,050 5,400

CURRENT ASSETS
Debtors 5 3,734 3,714
Cash at bank 12,436 21,051
16,170 24,765
CREDITORS
Amounts falling due within one year 6 862 9,287
NET CURRENT ASSETS 15,308 15,478
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,358
20,878

PROVISIONS FOR LIABILITIES 770 1,026
NET ASSETS 18,588 19,852

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,488 19,752
18,588 19,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
Summit Signage and Graphics Limited (Registered number: 11171819)

Balance Sheet - continued
31 January 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on
4 November 2020 and were signed on its behalf by:





M Wilson - Director


The notes form part of these financial statements

Page 3
Summit Signage and Graphics Limited (Registered number: 11171819)

Notes to the Financial Statements
for the Year Ended 31 January 2020

1. STATUTORY INFORMATION

Summit Signage and Graphics Limited is a private company, limited by shares , registered in
England and Wales. The company's registered number and registered office address can be
found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that
have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it
is probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Page 4 continued...
Summit Signage and Graphics Limited (Registered number: 11171819)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2019
and 31 January 2020 7,200
DEPRECIATION
At 1 February 2019 1,800
Charge for year 1,350
At 31 January 2020 3,150
NET BOOK VALUE
At 31 January 2020 4,050
At 31 January 2019 5,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.20 31.1.19
£    £   
Trade debtors 1,848 3,678
Other debtors 1,886 36
3,734 3,714

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.20 31.1.19
£    £   
Trade creditors (1 ) 350
Taxation and social security 863 7,308
Other creditors - 1,629
862 9,287

Page 5