SUMMIT TRADE AND DEVELOPMENT LTD

Company Registration Number:
10519840 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

SUMMIT TRADE AND DEVELOPMENT LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

SUMMIT TRADE AND DEVELOPMENT LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 1,020,506 1,082,015
Total fixed assets: 1,020,506 1,082,015
Current assets
Stocks: 883,546 743,256
Debtors:   1,123,584 1,164,578
Cash at bank and in hand: 1,394,172 953,778
Total current assets: 3,401,302 2,861,612
Creditors: amounts falling due within one year:   (158,144) (245,497)
Net current assets (liabilities): 3,243,158 2,616,115
Total assets less current liabilities: 4,263,664 3,698,130
Total net assets (liabilities): 4,263,664 3,698,130
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 4,263,663 3,698,129
Shareholders funds: 4,263,664 3,698,130

The notes form part of these financial statements

SUMMIT TRADE AND DEVELOPMENT LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 September 2024
and signed on behalf of the board by:

Name: Mr Ashley Thrussell
Status: Director

The notes form part of these financial statements

SUMMIT TRADE AND DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SUMMIT TRADE AND DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 13 13

SUMMIT TRADE AND DEVELOPMENT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 1,261,134
Additions 1,548
At 31 December 2023 1,262,682
Depreciation
At 01 January 2023 179,119
Charge for year 63,057
At 31 December 2023 242,176
Net book value
At 31 December 2023 1,020,506
At 31 December 2022 1,082,015