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REGISTERED NUMBER: 06532575 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ACCOUNTANCY SUMMIT LIMITED

ACCOUNTANCY SUMMIT LIMITED (REGISTERED NUMBER: 06532575)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACCOUNTANCY SUMMIT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M G Boardman ACA MAAT





SECRETARY: Mrs D J Boardman





REGISTERED OFFICE: 144 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2PW





REGISTERED NUMBER: 06532575 (England and Wales)





ACCOUNTANTS: Accountancy Summit Limited
Chartered Accountants
144 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2PW

ACCOUNTANCY SUMMIT LIMITED (REGISTERED NUMBER: 06532575)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,798 3,170

CURRENT ASSETS
Debtors 5 52,557 43,146
Cash at bank 35,026 46,823
87,583 89,969
CREDITORS
Amounts falling due within one year 6 77,694 70,360
NET CURRENT ASSETS 9,889 19,609
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,687

22,779

CREDITORS
Amounts falling due after more than one
year

7

12,529

22,481
NET ASSETS 158 298

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 58 198
SHAREHOLDERS' FUNDS 158 298

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 December 2024 and were signed by:





M G Boardman ACA MAAT - Director


ACCOUNTANCY SUMMIT LIMITED (REGISTERED NUMBER: 06532575)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Accountancy Summit 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.

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 reducing balance
Computer equipment - 33% 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 8 ) .

ACCOUNTANCY SUMMIT LIMITED (REGISTERED NUMBER: 06532575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 27,009 11,875 38,884
Additions - 965 965
At 31 March 2024 27,009 12,840 39,849
DEPRECIATION
At 1 April 2023 24,455 11,259 35,714
Charge for year 638 699 1,337
At 31 March 2024 25,093 11,958 37,051
NET BOOK VALUE
At 31 March 2024 1,916 882 2,798
At 31 March 2023 2,554 616 3,170

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 48,131 41,175
Other debtors 4,426 1,971
52,557 43,146

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 9,890 9,890
Trade creditors 6,885 5,025
Taxation and social security 21,532 23,871
Other creditors 39,387 31,574
77,694 70,360

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans 12,529 22,481

8. ULTIMATE CONTROLLING PARTY

The company is under the control of the Director Mr M G Boardman by virtue of his 100% beneficial interest in the share capital.