Success CXP LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07730608 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2021

FOR

SUCCESS CXP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Nadim Admani

Michael Thorpe

Carl Graham Harrison

SECRETARY:

Allan Cooper

REGISTERED OFFICE:

Unit 3

Old Brick Works Lane

Sheffield Road

Chesterfield

Derbyshire

S41 7JD

REGISTERED NUMBER:

07730608 (England and Wales)

ACCOUNTANTS:

Altman, Smith & Co.

461 - 463 London Road

Heeley

Sheffield

South Yorkshire

S2 4HL

FIXED ASSETS

Tangible assets

4

5,501

5,420

CURRENT ASSETS

Debtors

5

218,654

205,486

Cash at bank and in hand

274,422

229,385

493,076

434,871

CREDITORS

Amounts falling due within one year

6

130,056

96,128

NET CURRENT ASSETS

363,020

338,743

TOTAL ASSETS LESS CURRENT LIABILITIES

368,521

344,163

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

368,421

344,063

SHAREHOLDERS' FUNDS

368,521

344,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th May 2022 and were signed on its behalf by:

Carl Graham Harrison - Director

1.	STATUTORY INFORMATION

Success CXP 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

-

20% 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.

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 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st September 2020

7,903

Additions

1,457

At 31st August 2021

9,360

DEPRECIATION

At 1st September 2020

2,483

Charge for year

1,376

At 31st August 2021

3,859

NET BOOK VALUE

At 31st August 2021

5,501

At 31st August 2020

5,420

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

212,764

199,686

Other debtors

5,890

5,800

218,654

205,486

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

31,424

(9,209

)

Taxation and social security

97,084

102,039

Other creditors

1,548

3,298

130,056

96,128

7.	RELATED PARTY DISCLOSURES

Various transactions have been made with companies where directors have an interest, these are as follows,

Jantex UK Limited - Purchases of £15,204. N Admani is a co director

Admani Management Limited - Purchases of £12,000, N Admani is the director