SUCCESS POINT ASSOCIATE LTD

Company Registration Number:
13587101 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

SUCCESS POINT ASSOCIATE LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

SUCCESS POINT ASSOCIATE LTD

Company Information

for the Period Ended 31 August 2024




Director: SUBAIR Kehinde Peter
KOLAWOLE Jayes Parker
TIKA Iqbal
Registered office: 29
Cecil Avenue
Bradford
West Yorkshire
GBR
BD7 3BW
Company Registration Number: 13587101 (England and Wales)

SUCCESS POINT ASSOCIATE LTD

Directors' Report Period Ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Directors

The directors shown below have held office during the whole of the period from 01 September 2023 to 31 August 2024
SUBAIR Kehinde Peter
KOLAWOLE Jayes Parker
TIKA Iqbal

This report was approved by the board of directors on 25 November 2024
And Signed On Behalf Of The Board By:

Name: SUBAIR Kehinde Peter
Status: Director

Name: KOLAWOLE Jayes Parker
Status: Director

Name: TIKA Iqbal
Status: Director

SUCCESS POINT ASSOCIATE LTD

Balance sheet

As at 31 August 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 3,042 3,401
Total fixed assets: 3,042 3,401
Current assets
Stocks: 0 0
Debtors: 5 1,000 1,000
Cash at bank and in hand: 2,348 4,239
Total current assets: 3,348 5,239
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 39,871 ) ( 13,579 )
Net current assets (liabilities): ( 36,523 ) ( 8,340 )
Total assets less current liabilities: ( 33,481 ) ( 4,939 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): ( 33,481 ) ( 4,939 )

The notes form part of these financial statements

SUCCESS POINT ASSOCIATE LTD

Balance sheet continued

As at 31 August 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 33,581 ) ( 5,039 )
Shareholders funds: ( 33,481 ) ( 4,939 )

For the year ending 31 August 2024 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.

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

This report was approved by the board of directors on 25 November 2024
And Signed On Behalf Of The Board By:

Name: SUBAIR Kehinde Peter
Status: Director

Name: KOLAWOLE Jayes Parker
Status: Director

Name: TIKA Iqbal
Status: Director

The notes form part of these financial statements

SUCCESS POINT ASSOCIATE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    The fair value of the consideration received or owed, less discounts and value-added taxes, is used to calculate turnover. When the significant risks and rewards of ownership of the goods have been successfully transferred to the buyer, the revenue from the sale of goods is recognised. The stage of contract completion is used to determine how much money was made from providing the services. By comparing the costs incurred for work completed to date to the total estimated contract costs, the contract's stage of completion is determined.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets other than freehold land, at the rate calculated to write off the cost, less estimated residual value of each asset evenly over 5 years. Depreciation is not chargeable in the year of acquisition.

    Other accounting policies

SUCCESS POINT ASSOCIATE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 15 15

SUCCESS POINT ASSOCIATE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 3. Off balance sheet disclosure

    No

SUCCESS POINT ASSOCIATE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Tangible assets

Plant & machinery Office equipment Total
Cost £ £ £
At 01 September 2023 2,519 1,260 3,779
Additions 21 0 21
Disposals ( 0 ) ( 0 ) ( 0 )
Revaluations 0 0 0
Transfers 0 0 0
At 31 August 2024 2,540 1,260 3,800
Depreciation
At 01 September 2023 252 126 378
Charge for year 254 126 380
On disposals ( 0 ) ( 0 ) ( 0 )
Other adjustments 0 0 0
At 31 August 2024 506 252 758
Net book value
At 31 August 2024 2,034 1,008 3,042
At 31 August 2023 2,267 1,134 3,401

SUCCESS POINT ASSOCIATE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors


2024
£

2023
£
Trade debtors 1,000 1,000
Total 1,000 1,000

SUCCESS POINT ASSOCIATE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 22,873 4,959
Other creditors 16,998 8,620
Total 39,871 13,579