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REGISTERED NUMBER: 05610446 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SUMMIT OXYGEN INTERNATIONAL LIMITED

SUMMIT OXYGEN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05610446)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUMMIT OXYGEN INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr N Greenwood
Mrs C T M M Greenwood



SECRETARY: Mrs C T M M Greenwood



REGISTERED OFFICE: Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH



REGISTERED NUMBER: 05610446 (England and Wales)



ACCOUNTANTS: Staffords
Chartered Accountants
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH



BANKERS: Natwest Bank Plc
Direct Business Banking
PO Box 4115
Hornchurch
Essex
RM12 4DF

SUMMIT OXYGEN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05610446)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 99,456 121,687
99,456 121,687

CURRENT ASSETS
Debtors 6 716,747 823,130
Cash at bank 45,252 30,253
761,999 853,383
CREDITORS
Amounts falling due within one year 7 838,782 948,124
NET CURRENT LIABILITIES (76,783 ) (94,741 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,673

26,946

PROVISIONS FOR LIABILITIES 8 18,897 23,121
NET ASSETS 3,776 3,825

CAPITAL AND RESERVES
Called up share capital 115 115
Retained earnings 3,661 3,710
SHAREHOLDERS' FUNDS 3,776 3,825

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

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

SUMMIT OXYGEN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05610446)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





Mr N Greenwood - Director


SUMMIT OXYGEN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05610446)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Summit Oxygen International 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.
Short leasehold - 10% on cost
Plant and machinery - at varying rates on cost

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 9 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 8,695
AMORTISATION
At 1 January 2023
and 31 December 2023 8,695
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

SUMMIT OXYGEN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05610446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 January 2023 152,347 113,071 265,418
Additions 6,019 - 6,019
At 31 December 2023 158,366 113,071 271,437
DEPRECIATION
At 1 January 2023 52,676 91,055 143,731
Charge for year 15,937 12,313 28,250
At 31 December 2023 68,613 103,368 171,981
NET BOOK VALUE
At 31 December 2023 89,753 9,703 99,456
At 31 December 2022 99,671 22,016 121,687

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,000 273,057
Prepayments and accrued income 644,747 550,073
716,747 823,130

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 18,210 24,856
Taxation and social security 56,800 70,563
Other creditors 763,772 852,705
838,782 948,124

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 18,897 23,121

SUMMIT OXYGEN INTERNATIONAL LIMITED (REGISTERED NUMBER: 05610446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 23,121
Provided during year (4,224 )
Balance at 31 December 2023 18,897