Company Registration No. 12137601 (England and Wales)
Summit Branding Ltd
Unaudited accounts
for the year ended 31 August 2023
Summit Branding Ltd
Unaudited accounts
Contents
Summit Branding Ltd
Company Information
for the year ended 31 August 2023
Directors
Anthony Jones
Lymarah Jones
Company Number
12137601 (England and Wales)
Registered Office
C/O Time 4 Business Services
The Orchard, Cherry Tree Lane
Colwyn Bay
Conwy
LL28 5YH
Accountants
Time 4 Business Services Ltd
The Orchard
Cherry Tree Lane
Colwyn Bay
Conwy
LL28 5YH
Summit Branding Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
5,790
7,396
Cash at bank and in hand
8,708
3,013
Creditors: amounts falling due within one year
(17,949)
(19,265)
Net current liabilities
(2,833)
(11,686)
Net assets/(liabilities)
2,957
(4,290)
Called up share capital
2
2
Profit and loss account
2,955
(4,292)
Shareholders' funds
2,957
(4,290)
For the year ending 31 August 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 26 January 2024 and were signed on its behalf by
Anthony Jones
Director
Company Registration No. 12137601
Summit Branding Ltd
Notes to the Accounts
for the year ended 31 August 2023
Summit Branding Ltd is a private company, limited by shares, registered in England and Wales, registration number 12137601. The registered office is C/O Time 4 Business Services, The Orchard, Cherry Tree Lane, Colwyn Bay, Conwy, LL28 5YH.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2022
7,159
2,702
9,861
At 31 August 2023
7,392
2,794
10,186
At 1 September 2022
1,790
675
2,465
Charge for the year
1,401
530
1,931
At 31 August 2023
3,191
1,205
4,396
At 31 August 2023
4,201
1,589
5,790
At 31 August 2022
5,369
2,027
7,396
Summit Branding Ltd
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,953
3,724
Trade creditors
1,959
4,279
Taxes and social security
280
-
Loans from directors
12,652
11,262
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).