Sommers Waste Solutions Limited - Accounts to registrar (filleted) - small 18.2

Sommers Waste Solutions Limited - Accounts to registrar (filleted) - small 18.2

SOMMERS WASTE SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 06993343 (England and Wales)















SOMMERS WASTE SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021





Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP








SOMMERS WASTE SOLUTIONS LIMITED (REGISTERED NUMBER: 06993343)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2021










Page

Company Information 1

Accountants' Report 2

Abridged Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 7


SOMMERS WASTE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2021







DIRECTOR: M Sommers





REGISTERED OFFICE: Suite B1
Park Centre
210 Butterfield
Luton
Bedfordshire
LU2 8DL





REGISTERED NUMBER: 06993343 (England and Wales)





ACCOUNTANTS: Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP
Page 1
ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SOMMERS WASTE SOLUTIONS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sommers Waste Solutions Limited for the year ended 31st August 2021 which comprise the Income Statement, Abridged Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sommers Waste Solutions Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sommers Waste Solutions Limited and state those matters that we have agreed to state to the director of Sommers Waste Solutions Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sommers Waste Solutions Limited and its director for our work or for this report.

It is your duty to ensure that Sommers Waste Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sommers Waste Solutions Limited. You consider that Sommers Waste Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sommers Waste Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wags LLP t/a Wagstaffs
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP


23rd May 2022

This page does not form part of the statutory financial statements

Page 2
SOMMERS WASTE SOLUTIONS LIMITED (REGISTERED NUMBER: 06993343)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST AUGUST 2021

2021 2020
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 928 1,185

CURRENT ASSETS
Debtors 436,131 255,781
Cash at bank and in hand 442,595 515,705
878,726 771,486
CREDITORS
Amounts falling due within one year (429,501 ) (205,274 )
NET CURRENT ASSETS 449,225 566,212
TOTAL ASSETS LESS CURRENT
LIABILITIES
450,153
567,397

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 450,053 567,297
SHAREHOLDERS' FUNDS 450,153 567,397

The notes form part of these financial statements

Page 3
SOMMERS WASTE SOLUTIONS LIMITED (REGISTERED NUMBER: 06993343)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31ST AUGUST 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2021 in accordance with Section 476 of the Companies Act 2006.

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st August 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 22nd April 2022 and were signed by:





M Sommers - Director


The notes form part of these financial statements

Page 4
SOMMERS WASTE SOLUTIONS LIMITED (REGISTERED NUMBER: 06993343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2021


1. STATUTORY INFORMATION

Sommers Waste Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the director in preparing these financial statements.

Revenue
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other direct taxes made during the year.

Revenue recognition
Revenue is recognised on provision of services to the customer by the company.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


Page 5
SOMMERS WASTE SOLUTIONS LIMITED (REGISTERED NUMBER: 06993343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2021


3. ACCOUNTING POLICIES - continued
Tax
Tax 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 tax 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 statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
Cost
At 1st September 2020 12,320
Additions 632
At 31st August 2021 12,952
Depreciation
At 1st September 2020 11,135
Charge for year 889
At 31st August 2021 12,024
Net book value
At 31st August 2021 928
At 31st August 2020 1,185

Page 6
SOMMERS WASTE SOLUTIONS LIMITED (REGISTERED NUMBER: 06993343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2021


6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year 1,055 2,665
Between one and five years 879 1,934
1,934 4,599

7. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
75 Ordinary A £1 75 90
10 Ordinary B £1 10 10
15 Ordinary C £1 15 -
100 100

On 28 May 2021, the share capital of the company was restructured so that 15 Ordinary A £1 shares became 15 Ordinary C £ shares. This restructure was carried out at £Nil consideration.

Page 7