ASCEND ORGANISATIONAL EXCELLENCE LIMITED

ASCEND ORGANISATIONAL EXCELLENCE LIMITED

ASCEND ORGANISATIONAL EXCELLENCE LIMITED - Company Information

Print Friendly Version

ASCEND ORGANISATIONAL EXCELLENCE LIMITED

Company Registration Number:
12596362 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 12 May 2020

End date: 31 March 2021

ASCEND ORGANISATIONAL EXCELLENCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

ASCEND ORGANISATIONAL EXCELLENCE LIMITED

Balance sheet

As at 31 March 2021


Notes
11 months to 31 March 2021


£
Fixed assets
Tangible assets: 3 983
Total fixed assets: 983
Current assets
Debtors:   10,457
Cash at bank and in hand: 21,189
Total current assets: 31,646
Creditors: amounts falling due within one year:   (28,664)
Net current assets (liabilities): 2,982
Total assets less current liabilities: 3,965
Total net assets (liabilities): 3,965
Capital and reserves
Called up share capital: 1
Profit and loss account: 3,964
Shareholders funds: 3,965

The notes form part of these financial statements

ASCEND ORGANISATIONAL EXCELLENCE LIMITED

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 June 2021
and signed on behalf of the board by:

Name: I J Pilkington
Status: Director

The notes form part of these financial statements

ASCEND ORGANISATIONAL EXCELLENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a reducing balance basis at a rate of 25% per annum.

Other accounting policies

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

ASCEND ORGANISATIONAL EXCELLENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

11 months to 31 March 2021
Average number of employees during the period 1

ASCEND ORGANISATIONAL EXCELLENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible Assets

Total
Cost £
Additions 1,310
At 31 March 2021 1,310
Depreciation
Charge for year 327
At 31 March 2021 327
Net book value
At 31 March 2021 983