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Company Registration No. 11568766 (England and Wales)
Summed Up Accountancy Services Limited Unaudited accounts for the year ended 30 September 2024
Summed Up Accountancy Services Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Summed Up Accountancy Services Limited Company Information for the year ended 30 September 2024
Director
John Bate
Company Number
11568766 (England and Wales)
Registered Office
74 Ashton Road Failsworth Manchester M35 9WL England
Accountants
Summed Up Accountancy Services 74 Ashton Road Failsworth Manchester M35 9WL
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Summed Up Accountancy Services Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
13,636 
1,557 
Current assets
Debtors
5
64,126 
32,760 
Cash at bank and in hand
12,921 
22,001 
77,047 
54,761 
Creditors: amounts falling due within one year
6
(42,352)
(26,478)
Net current assets
34,695 
28,283 
Total assets less current liabilities
48,331 
29,840 
Creditors: amounts falling due after more than one year
7
(9,366)
(10,423)
Provisions for liabilities
Deferred tax
(689)
- 
Net assets
38,276 
19,417 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
38,176 
19,317 
Shareholders' funds
38,276 
19,417 
For the year ending 30 September 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 28 September 2025 and were signed on its behalf by
John Bate Director Company Registration No. 11568766
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Summed Up Accountancy Services Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Summed Up Accountancy Services Limited is a private company, limited by shares, registered in England and Wales, registration number 11568766. The registered office is 74 Ashton Road, Failsworth, Manchester, M35 9WL, England.
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:
Motor vehicles
15% reducing balance
Fixtures & fittings
20% on cost
Computer equipment
33% on cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Summed Up Accountancy Services Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
- 
624 
2,739 
3,363 
Additions
12,250 
315 
1,306 
13,871 
At 30 September 2024
12,250 
939 
4,045 
17,234 
Depreciation
At 1 October 2023
- 
105 
1,701 
1,806 
Charge for the year
766 
183 
843 
1,792 
At 30 September 2024
766 
288 
2,544 
3,598 
Net book value
At 30 September 2024
11,484 
651 
1,501 
13,636 
At 30 September 2023
- 
519 
1,038 
1,557 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,156 
10,052 
Other debtors
47,970 
22,708 
64,126 
32,760 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,938 
1,787 
VAT
7,253 
5,537 
Trade creditors
57 
6 
Taxes and social security
33,104 
19,009 
Other creditors
- 
139 
42,352 
26,478 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,366 
10,423 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
John Bate
Directors loan
22,708 
77,401 
58,878 
41,231 
22,708 
77,401 
58,878 
41,231 
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Summed Up Accountancy Services Limited Notes to the Accounts for the year ended 30 September 2024
9
Transactions with related parties
Directors loan accounts are unsecured and repayable on demand. Daily interest is charged on debit balances over £10,000 at the official rate. During part of the year a shareholder, Helen Bate, received a loan from the company. This was unsecured and repayable on demand. Daily interest is charged on loans to participators of over £10,000 at the official rate. At the year end £6,719 was due from Mrs Bate (2023: (£136). Director and shareholder loans were repaid in full within 9 months of the year end.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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