IRIS Accounts Production v23.3.0.418 04979767 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure049797672022-03-31049797672023-03-31049797672022-04-012023-03-31049797672021-03-31049797672021-04-012022-03-31049797672022-03-3104979767ns15:PoundSterling2022-04-012023-03-3104979767ns11:Director12022-04-012023-03-3104979767ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3104979767ns11:SmallEntities2022-04-012023-03-3104979767ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3104979767ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104979767ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3104979767ns11:FullAccounts2022-04-012023-03-3104979767ns11:OrdinaryShareClass12022-04-012023-03-3104979767ns11:CompanySecretary12022-04-012023-03-3104979767ns11:RegisteredOffice2022-04-012023-03-3104979767ns6:CurrentFinancialInstruments2023-03-3104979767ns6:CurrentFinancialInstruments2022-03-3104979767ns6:ShareCapital2023-03-3104979767ns6:ShareCapital2022-03-3104979767ns6:RetainedEarningsAccumulatedLosses2023-03-3104979767ns6:RetainedEarningsAccumulatedLosses2022-03-3104979767ns6:PlantMachinery2022-04-012023-03-3104979767ns6:PlantMachinery2022-03-3104979767ns6:PlantMachinery2023-03-3104979767ns6:PlantMachinery2022-03-3104979767ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3104979767ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3104979767ns11:OrdinaryShareClass12023-03-31













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Ascendant Limited

Ascendant Limited (Registered number: 04979767)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ascendant Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S R McKnight





SECRETARY: Mrs J McKnight





REGISTERED OFFICE: 8-10 South Street
Epsom
United Kingdom
Surrey
KT18 7PF





REGISTERED NUMBER: 04979767





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Ascendant Limited (Registered number: 04979767)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,123 3,733

CURRENT ASSETS
Debtors 5 3,106 7,065
Cash at bank 207,828 155,141
210,934 162,206
CREDITORS
Amounts falling due within one year 6 125,133 104,297
NET CURRENT ASSETS 85,801 57,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,924

61,642

PROVISIONS FOR LIABILITIES 350 542
NET ASSETS 91,574 61,100

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 90,574 60,100
SHAREHOLDERS' FUNDS 91,574 61,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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

The financial statements were approved by the director and authorised for issue on 29 September 2023 and were signed by:





S R McKnight - Director


Ascendant Limited (Registered number: 04979767)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Ascendant Limited is a private company, limited by shares , registered in Not specified/Other. 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 represents net invoiced sales, excluding value added tax. Retainer fees and Consultancy fees are recognised in the accounts when the work is undertaken. Success fees are recognised in the accounts on the date the transaction is completed, in accordance with the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Ascendant Limited (Registered number: 04979767)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 51,710
Additions 4,770
At 31 March 2023 56,480
DEPRECIATION
At 1 April 2022 47,977
Charge for year 2,380
At 31 March 2023 50,357
NET BOOK VALUE
At 31 March 2023 6,123
At 31 March 2022 3,733

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,469 6,120
Other debtors 1,637 945
3,106 7,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 472 282
Taxation and social security 22,706 12,679
Other creditors 101,955 91,336
125,133 104,297

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. ULTIMATE CONTROLLING PARTY

During the year, the ultimate controlling party were Mr and Mrs McKnight by virtue of their combined holding of the entire issued share capital of the company.