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REGISTERED NUMBER: 10038449 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ASCENDANT SOLUTIONS LTD

ASCENDANT SOLUTIONS LTD (REGISTERED NUMBER: 10038449)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


ASCENDANT SOLUTIONS LTD (REGISTERED NUMBER: 10038449)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,204 83,367

CURRENT ASSETS
Debtors 5 149,240 560,388
Cash at bank 513,168 755,831
662,408 1,316,219
CREDITORS
Amounts falling due within one year 6 318,781 459,893
NET CURRENT ASSETS 343,627 856,326
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,831

939,693

PROVISIONS FOR LIABILITIES 7 13,139 15,853
NET ASSETS 385,692 923,840

CAPITAL AND RESERVES
Called up share capital 8 340 340
Share premium 17,669 17,669
Retained earnings 367,683 905,831
SHAREHOLDERS' FUNDS 385,692 923,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ASCENDANT SOLUTIONS LTD (REGISTERED NUMBER: 10038449)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2024 and were signed by:





D Kelk - Director


ASCENDANT SOLUTIONS LTD (REGISTERED NUMBER: 10038449)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Ascendant Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10038449

Registered office: 15 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8AY

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.
Plant and machinery etc - 25% on cost

Taxation
Taxation 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 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.

ASCENDANT SOLUTIONS LTD (REGISTERED NUMBER: 10038449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 35,000 73,075 108,075
Additions - 46,206 46,206
Disposals - (61,500 ) (61,500 )
At 31 March 2024 35,000 57,781 92,781
DEPRECIATION
At 1 April 2023 10,500 14,208 24,708
Charge for year 8,750 14,449 23,199
Eliminated on disposal - (10,330 ) (10,330 )
At 31 March 2024 19,250 18,327 37,577
NET BOOK VALUE
At 31 March 2024 15,750 39,454 55,204
At 31 March 2023 24,500 58,867 83,367

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 149,000 101,640
Other debtors 240 458,748
149,240 560,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,218 5,119
Taxation and social security 68,189 235,469
Other creditors 241,374 219,305
318,781 459,893

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,139 15,853

ASCENDANT SOLUTIONS LTD (REGISTERED NUMBER: 10038449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 15,853
Utilised during year (2,714 )
Balance at 31 March 2024 13,139

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
340 Ordinary Shares 1 340 340

9. ULTIMATE CONTROLLING PARTY

The controlling party is D Kelk.