Sublime Extensions & Refurbs Limited

Sublime Extensions & Refurbs Limited

SUBLIME EXTENSIONS & REFURBS LIMITED - Company Information

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1 December 2020 false No description of principal activity Taxfiler 2022.8.3 11689846business:PrivateLimitedCompanyLtd2020-12-012021-11-30 116898462020-11-30 116898462020-12-012021-11-30 11689846business:AuditExempt-NoAccountantsReport2020-12-012021-11-30 11689846business:FullAccounts2020-12-012021-11-30 116898462021-11-30 11689846business:Director12020-12-012021-11-30 11689846business:RegisteredOffice2020-12-012021-11-30 116898462020-11-30 11689846core:WithinOneYear2021-11-30 11689846core:WithinOneYear2020-11-30 11689846core:RetainedEarningsAccumulatedLosses2021-11-30 11689846core:RetainedEarningsAccumulatedLosses2020-11-30 11689846business:SmallEntities2020-12-012021-11-30 11689846countries:EnglandWales2020-12-012021-11-30 11689846business:Director112020-12-012021-11-30 11689846business:Director112020-11-30 11689846business:Director112021-11-30 116898462019-12-012020-11-30 iso4217:GBP xbrli:pure
Company Registration No. 11689846 (England and Wales)
Sublime Extensions & Refurbs Limited Unaudited accounts for the year ended 30 November 2021
Sublime Extensions & Refurbs Limited Unaudited accounts Contents
Page
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Sublime Extensions & Refurbs Limited Company Information for the year ended 30 November 2021
Director
Deane Eales
Company Number
11689846 (England and Wales)
Registered Office
Wickets Woodside Road Chiddingfold Godalming Surrey GU8 4UG UK
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Sublime Extensions & Refurbs Limited Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Debtors
4
89,417 
69,762 
Cash at bank and in hand
1,109 
1,022 
90,526 
70,784 
Creditors: amounts falling due within one year
5
(90,281)
(70,458)
Net current assets
245 
326 
Net assets
245 
326 
Capital and reserves
Profit and loss account
245 
326 
Shareholders' funds
245 
326 
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.
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 9 February 2022 and were signed on its behalf by
Deane Eales Director Company Registration No. 11689846
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Sublime Extensions & Refurbs Limited Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
Sublime Extensions & Refurbs Limited is a private company, limited by shares, registered in England and Wales, registration number 11689846. The registered office is Wickets Woodside Road, Chiddingfold, Godalming, Surrey, GU8 4UG, UK.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
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.
4
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
- 
232 
Accrued income and prepayments
45,440 
39,472 
Other debtors
43,977 
30,058 
89,417 
69,762 
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Sublime Extensions & Refurbs Limited Notes to the Accounts for the year ended 30 November 2021
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
38,795 
48,592 
VAT
11,035 
- 
Trade creditors
10,729 
9,126 
Taxes and social security
29,722 
12,740 
90,281 
70,458 
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Deane Eales
Directors loan accounts
30,058 
160,812 
146,893 
43,977 
30,058 
160,812 
146,893 
43,977 
Included within other debtors is an amount of £43,977 due from directors. The directors loan accounts were repaid within 9 months of the year end.
7
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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