CD Commercial Limited
Registered number: 09039124
Balance Sheet
as at 31 July 2021
Notes 2021 2020
£ £
Current assets
Debtors 3 - 1,338
Cash at bank and in hand 105,320 67,874
105,320 69,212
Creditors: amounts falling due within one year 4 (36,833) (12,074)
Net current assets 68,487 57,138
Net assets 68,487 57,138
Capital and reserves
Called up share capital 1 1
Profit and loss account 68,486 57,137
Shareholder's funds 68,487 57,138
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christopher Dodd
Director
Approved by the board on 12 August 2022
CD Commercial Limited
Notes to the Accounts
for the year ended 31 July 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represemnts revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2021 2020
£ £
Trade debtors - 1,338
4 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 1,583 820
Corporation tax 12,962 9,858
Other creditors 22,288 1,396
36,833 12,074
5 Other information
CD Commercial Limited is a private company limited by shares and incorporated in England. Its registered office is:
5A Church Road South
Woolton Village
Liverpool
L25 7RJ
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