IRIS Accounts Production v24.3.0.553 07625674 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076256742023-06-30076256742024-06-30076256742023-07-012024-06-30076256742022-06-30076256742022-07-012023-06-30076256742023-06-3007625674ns14:PoundSterling2023-07-012024-06-3007625674ns10:Director12023-07-012024-06-3007625674ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3007625674ns10:SmallEntities2023-07-012024-06-3007625674ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3007625674ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3007625674ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007625674ns10:FullAccounts2023-07-012024-06-300762567412023-07-012024-06-3007625674ns10:Director22023-07-012024-06-3007625674ns10:RegisteredOffice2023-07-012024-06-3007625674ns5:CurrentFinancialInstruments2024-06-3007625674ns5:CurrentFinancialInstruments2023-06-3007625674ns5:ShareCapital2024-06-3007625674ns5:ShareCapital2023-06-3007625674ns5:RetainedEarningsAccumulatedLosses2024-06-3007625674ns5:RetainedEarningsAccumulatedLosses2023-06-3007625674ns5:NetGoodwill2023-07-012024-06-3007625674ns5:PlantMachinery2023-07-012024-06-3007625674ns5:NetGoodwill2023-06-3007625674ns5:NetGoodwill2024-06-3007625674ns5:NetGoodwill2023-06-3007625674ns5:PlantMachinery2023-06-3007625674ns5:PlantMachinery2024-06-3007625674ns5:PlantMachinery2023-06-3007625674ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3007625674ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30
REGISTERED NUMBER: 07625674










Summit Ceilings & Partitions Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Summit Ceilings & Partitions Limited (Registered number: 07625674)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Summit Ceilings & Partitions Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: Mr E Jones
Mr N Snowden





REGISTERED OFFICE: Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN





REGISTERED NUMBER: 07625674





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Summit Ceilings & Partitions Limited (Registered number: 07625674)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,532 3,376
2,532 3,376

CURRENT ASSETS
Stocks 1,500 1,000
Debtors 6 25,135 40,388
Cash at bank and in hand 33,743 19,989
60,378 61,377
CREDITORS
Amounts falling due within one year 7 23,316 28,799
NET CURRENT ASSETS 37,062 32,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,594

35,954

PROVISIONS FOR LIABILITIES 568 662
NET ASSETS 39,026 35,292

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 38,924 35,190
SHAREHOLDERS' FUNDS 39,026 35,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





Mr E Jones - Director


Summit Ceilings & Partitions Limited (Registered number: 07625674)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Summit Ceilings & Partitions 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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 reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Summit Ceilings & Partitions Limited (Registered number: 07625674)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 20,000
AMORTISATION
At 1 July 2023
and 30 June 2024 20,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 24,724
DEPRECIATION
At 1 July 2023 21,348
Charge for year 844
At 30 June 2024 22,192
NET BOOK VALUE
At 30 June 2024 2,532
At 30 June 2023 3,376

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,080 29,051
Other debtors 19,055 11,337
25,135 40,388

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,310 5,762
Taxation and social security 14,542 15,121
Other creditors 7,464 7,916
23,316 28,799

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors on the basis that they own all of the issued share capital in its entirety.