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REGISTERED NUMBER: 08562155 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CIRCLE 2 SUCCESS LIMITED

CIRCLE 2 SUCCESS LIMITED (REGISTERED NUMBER: 08562155)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CIRCLE 2 SUCCESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A C Edwards
S C Hall-Gibbins





REGISTERED OFFICE: Unit 22A
21 Barfurlong Industrial Park
Staverton
Cheltenham
GL51 6SX





REGISTERED NUMBER: 08562155 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

CIRCLE 2 SUCCESS LIMITED (REGISTERED NUMBER: 08562155)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £ £
FIXED ASSETS
Property, plant and equipment 4 1,364 1,925

CURRENT ASSETS
Debtors 5 173,490 138,151
Cash at bank 47,281 34,308
220,771 172,459
CREDITORS
Amounts falling due within one year 6 (281,536 ) (234,944 )
NET CURRENT LIABILITIES (60,765 ) (62,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(59,401

)

(60,560

)

CREDITORS
Amounts falling due after more than one
year

7

(14,594

)

(24,510

)

PROVISIONS FOR LIABILITIES (342 ) (482 )
NET LIABILITIES (74,337 ) (85,552 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (74,437 ) (85,652 )
(74,337 ) (85,552 )

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





S C Hall-Gibbins - Director


CIRCLE 2 SUCCESS LIMITED (REGISTERED NUMBER: 08562155)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Circle 2 Success Limited 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.

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.

The directors consider that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

Turnover
Revenue 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 - 20% on cost
Office equipment - 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

CIRCLE 2 SUCCESS LIMITED (REGISTERED NUMBER: 08562155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Office
fittings equipment Totals
£ £ £
COST
At 1 July 2023 8,285 10,271 18,556
Additions 166 - 166
At 30 June 2024 8,451 10,271 18,722
DEPRECIATION
At 1 July 2023 6,474 10,157 16,631
Charge for year 670 57 727
At 30 June 2024 7,144 10,214 17,358
NET BOOK VALUE
At 30 June 2024 1,307 57 1,364
At 30 June 2023 1,811 114 1,925

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 105,681 87,637
Other debtors 67,809 50,514
173,490 138,151

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 9,932 15,668
Trade creditors 25,870 37,494
Taxation and social security 92,815 52,842
Other creditors 152,919 128,940
281,536 234,944

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 14,594 24,510

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 2,632 -
Between one and five years 3,509 -
6,141 -

CIRCLE 2 SUCCESS LIMITED (REGISTERED NUMBER: 08562155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. RELATED PARTY DISCLOSURES

Included within other debtors are directors' loan accounts in the sum of £35,317 (2023: £34,875) provided to SC Hall-Gibbins £18,706 (2023: £17,723) and to AC Edwards £16,611 (2023: £17,152). The accounts are unsecured, accrue interest at HM Revenue & Customs ("HMRC") official rate and have no fixed date of repayment.