REGISTERED NUMBER: 09241558 (England and Wales)

Report of the Director and

Financial Statements for the Year Ended 31 March 2025

for

Summit Accountancy Training Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

P R Summers

REGISTERED OFFICE:

12 Massams Lane

Formby

Liverpool

L37 7BE

REGISTERED NUMBER:

09241558 (England and Wales)

ACCOUNTANTS:

M P Greaves Limited

Chartered Certified Accountants

74 Marmot Road

Liverpool

Merseyside

L37 6GB

The director presents his report with the financial statements of the company for the year ended 31 March 2025.

DIRECTOR

P R Summers held office during the whole of the period from 1 April 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

P R Summers - Director

9 December 2025

TURNOVER

87,968

73,432

Administrative expenses

66,560

52,359

OPERATING PROFIT and

PROFIT BEFORE TAXATION

21,408

21,073

Tax on profit

4,491

5,057

PROFIT FOR THE FINANCIAL YEAR

16,917

16,016

FIXED ASSETS

Tangible assets

5

14,392

16,620

CURRENT ASSETS

Debtors

6

5,093

14,817

Cash at bank and in hand

9,759

3,614

14,852

18,431

CREDITORS

Amounts falling due within one year

7

4,901

6,807

NET CURRENT ASSETS

9,951

11,624

TOTAL ASSETS LESS CURRENT LIABILITIES

24,343

28,244

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

24,143

28,044

24,343

28,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 9 December 2025 and were signed by:

P R Summers - Director

1.	STATUTORY INFORMATION

Summit Accountancy Training 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

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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

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 2 (2024 - 2 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

4,395

5,540

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

31,994

Additions

2,167

At 31 March 2025

34,161

DEPRECIATION

At 1 April 2024

15,374

Charge for year

4,395

At 31 March 2025

19,769

NET BOOK VALUE

At 31 March 2025

14,392

At 31 March 2024

16,620

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

4,798

14,429

Other debtors

295

388

5,093

14,817

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

3,291

5,057

Other creditors

1,610

1,750

4,901

6,807