Summit Oxygen International Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05610446 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

SUMMIT OXYGEN INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N Greenwood

Mrs C T M M Greenwood

SECRETARY:

Mrs C T M M Greenwood

REGISTERED OFFICE:

Unit 1, Cambridge House

Camboro Business Park

Oakington Road, Girton

CAMBRIDGE

Cambridgeshire

CB3 0QH

REGISTERED NUMBER:

05610446 (England and Wales)

ACCOUNTANTS:

Staffords

Chartered Accountants

Unit 1, Cambridge House

Camboro Business Park

Oakington Road, Girton

CAMBRIDGE

Cambridgeshire

CB3 0QH

BANKERS:

Natwest Bank Plc

Direct Business Banking

PO Box 4115

Hornchurch

Essex

RM12 4DF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

68,746

189,951

68,746

189,951

CURRENT ASSETS

Debtors

6

189,855

142,020

Cash at bank

29,783

61,417

219,638

203,437

CREDITORS

Amounts falling due within one year

7

271,855

336,196

NET CURRENT LIABILITIES

(52,217

)

(132,759

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,529

57,192

PROVISIONS FOR LIABILITIES

8

10,826

31,230

NET ASSETS

5,703

25,962

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,603

25,862

SHAREHOLDERS' FUNDS

5,703

25,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2022 and were signed on its behalf by:

Mr N Greenwood - Director

1.	STATUTORY INFORMATION

Summit Oxygen International 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.

Short leasehold

-

10% on cost

Plant and machinery

-

at varying rates on cost

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 8 (2020 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2020

and 30 September 2021

8,695

AMORTISATION

At 1 October 2020

and 30 September 2021

8,695

NET BOOK VALUE

At 30 September 2021

-

At 30 September 2020

-

5.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 October 2020

93,936

799,206

893,142

Additions

-

7,830

7,830

Disposals

-

(723,074

)

(723,074

)

At 30 September 2021

93,936

83,962

177,898

DEPRECIATION

At 1 October 2020

25,699

677,492

703,191

Charge for year

9,394

7,826

17,220

Eliminated on disposal

-

(611,259

)

(611,259

)

At 30 September 2021

35,093

74,059

109,152

NET BOOK VALUE

At 30 September 2021

58,843

9,903

68,746

At 30 September 2020

68,237

121,714

189,951

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

20,839

4,729

Other debtors

-

267

Prepayments and accrued income

169,016

137,024

189,855

142,020

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

10,490

7,831

Taxation and social security

65,899

16,659

Other creditors

195,466

311,706

271,855

336,196

8.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

10,826

31,230

Deferred

tax

£

Balance at 1 October 2020

31,230

Provided during year

(20,404

)

Balance at 30 September 2021

10,826