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REGISTERED NUMBER: 12310480 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Summit Resourcing Ltd

Summit Resourcing Ltd (Registered number: 12310480)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Summit Resourcing Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A S Howard-Reeves
Mrs J D Howard-Reeves





REGISTERED OFFICE: 4 The Courtyard
Holmsted Farm
Staplefield Road
Cuckfield
West Sussex
RH17 5JF





REGISTERED NUMBER: 12310480 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

Summit Resourcing Ltd (Registered number: 12310480)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,313 4,228

CURRENT ASSETS
Debtors 5 4,362 13,042
Cash at bank 17,898 61,776
22,260 74,818
CREDITORS
Amounts falling due within one year 6 17,122 36,350
NET CURRENT ASSETS 5,138 38,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,451

42,696

PROVISIONS FOR LIABILITIES 495 797
NET ASSETS 8,956 41,899

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,856 41,799
SHAREHOLDERS' FUNDS 8,956 41,899

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 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 Resourcing Ltd (Registered number: 12310480)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





A S Howard-Reeves - Director


Summit Resourcing Ltd (Registered number: 12310480)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Summit Resourcing Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 25% on cost
Computer equipment - 20% on reducing balance

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Summit Resourcing Ltd (Registered number: 12310480)

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 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 595 5,382 5,977
Additions 354 1,352 1,706
At 31 March 2024 949 6,734 7,683
DEPRECIATION
At 1 April 2023 142 1,607 1,749
Charge for year 161 1,460 1,621
At 31 March 2024 303 3,067 3,370
NET BOOK VALUE
At 31 March 2024 646 3,667 4,313
At 31 March 2023 453 3,775 4,228

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,362 13,042

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1 -
Taxation and social security 5,374 11,098
Other creditors 11,747 25,252
17,122 36,350

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed the director £10,847 (2023: £23,453) at the year end. The amount is unsecured, interest free and repayable on demand.