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Company Registration No. 12137601 (England and Wales)
Summit Branding Ltd Unaudited accounts for the year ended 31 August 2024
Summit Branding Ltd Unaudited accounts Contents
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Summit Branding Ltd Company Information for the year ended 31 August 2024
Directors
Anthony Jones Lymarah Jones
Company Number
12137601 (England and Wales)
Registered Office
C/O Time 4 Business Services The Orchard, Cherry Tree Lane Colwyn Bay Conwy LL28 5YH
Accountants
Time 4 Business Services Ltd The Orchard Cherry Tree Lane Colwyn Bay Conwy LL28 5YH
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Summit Branding Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,349 
5,790 
Current assets
Inventories
2,500 
2,281 
Debtors
4,678 
4,127 
Cash at bank and in hand
15,035 
8,708 
22,213 
15,116 
Creditors: amounts falling due within one year
(30,096)
(17,949)
Net current liabilities
(7,883)
(2,833)
Net (liabilities)/assets
(3,534)
2,957 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(3,536)
2,955 
Shareholders' funds
(3,534)
2,957 
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 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 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 of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by
Anthony Jones Director Company Registration No. 12137601
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Summit Branding Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Summit Branding Ltd is a private company, limited by shares, registered in England and Wales, registration number 12137601. The registered office is C/O Time 4 Business Services, The Orchard, Cherry Tree Lane, Colwyn Bay, Conwy, LL28 5YH.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
7,392 
2,794 
10,186 
At 31 August 2024
7,392 
2,794 
10,186 
Depreciation
At 1 September 2023
3,191 
1,205 
4,396 
Charge for the year
1,050 
391 
1,441 
At 31 August 2024
4,241 
1,596 
5,837 
Net book value
At 31 August 2024
3,151 
1,198 
4,349 
At 31 August 2023
4,201 
1,589 
5,790 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,114 
- 
Trade debtors
3,564 
4,127 
4,678 
4,127 
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Summit Branding Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,418 
2,953 
VAT
- 
105 
Trade creditors
2,540 
1,959 
Taxes and social security
148 
280 
Loans from directors
24,990 
12,652 
30,096 
17,949 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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