Company Registration No. 12808881 (England and Wales)
Summit Ventures Limited
Unaudited accounts
for the year ended 31 August 2024
Summit Ventures Limited
Unaudited accounts
Contents
Summit Ventures Limited
Company Information
for the year ended 31 August 2024
Company Number
12808881 (England and Wales)
Registered Office
49 PIPER WAY
ILFORD
IG1 4DA
UNITED KINGDOM
Summit Ventures Limited
Statement of financial position
as at 31 August 2024
Tangible assets
2,758
2,647
Cash at bank and in hand
4,925
4,944
Creditors: amounts falling due within one year
(6,284)
(6,475)
Net current liabilities
(1,359)
(1,531)
Called up share capital
100
100
Profit and loss account
1,299
1,016
Shareholders' funds
1,399
1,116
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 November 2024 and were signed on its behalf by
Emeka Douglas
Director
Company Registration No. 12808881
Summit Ventures Limited
Notes to the Accounts
for the year ended 31 August 2024
Summit Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 12808881. The registered office is 49 PIPER WAY, ILFORD, IG1 4DA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
Computer equipment
20% straight line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
2,350
2,845
5,195
Disposals
(2,350)
-
(2,350)
At 31 August 2024
1,800
2,845
4,645
At 1 September 2023
1,410
1,138
2,548
Charge for the year
180
569
749
On disposals
(1,410)
-
(1,410)
At 31 August 2024
180
1,707
1,887
At 31 August 2024
1,620
1,138
2,758
At 31 August 2023
940
1,707
2,647
Summit Ventures Limited
Notes to the Accounts
for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,811
1,297
Loans from directors
2,973
4,703
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Average number of employees
During the year the average number of employees was 1 (2023: 1).