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REGISTERED NUMBER: 10249525 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Ascend Consultancy Group Ltd

Ascend Consultancy Group Ltd (Registered number: 10249525)






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


Ascend Consultancy Group Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S Rashid
A Rashid
S Mirza





REGISTERED OFFICE: 52 St Augustines Avenue
Wembley
HA9 7NX





REGISTERED NUMBER: 10249525 (England and Wales)





ACCOUNTANTS: Preston Accountants Limited.
Chartered Certified Accountants
1 Carlton Parade
Preston Road
Wembley
Middlesex
HA9 8NE

Ascend Consultancy Group Ltd (Registered number: 10249525)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 67,770 82,412

CURRENT ASSETS
Debtors 5 604,752 4,500
Cash at bank 224,309 411,195
829,061 415,695
CREDITORS
Amounts falling due within one year 6 593,082 371,538
NET CURRENT ASSETS 235,979 44,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,749

126,569

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 303,649 126,469
SHAREHOLDERS' FUNDS 303,749 126,569

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 7 March 2025 and were signed on its behalf by:





S Rashid - Director


Ascend Consultancy Group Ltd (Registered number: 10249525)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ascend Consultancy Group Ltd 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
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

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 - 4 ) .

Ascend Consultancy Group Ltd (Registered number: 10249525)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2023 119,488
Additions 2,300
At 30 June 2024 121,788
DEPRECIATION
At 1 July 2023 37,076
Charge for year 16,942
At 30 June 2024 54,018
NET BOOK VALUE
At 30 June 2024 67,770
At 30 June 2023 82,412

5. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Other debtors 4,500 4,500

Amounts falling due after more than one year:
Other debtors 600,252 -

Aggregate amounts 604,752 4,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 114,714 82,601
Other creditors 478,368 288,937
593,082 371,538

7. RELATED PARTY DISCLOSURES

During the year company provided a loan of £600,252 to Ascend Property Development Ltd to support development costs. The shareholders and directors of both companies are common, thereby making this a related party transaction. The loan is unsecured, interest-free, and is expected to be repaid over the next few years. There were no specific repayment terms agreed upon at the reporting date.