2022-06-012023-05-312023-05-31false12026205CONVERT COMMERCE LIMITED2023-08-23iso4217:GBPxbrli:pure120262052022-06-01120262052023-05-31120262052022-06-012023-05-31120262052021-06-01120262052022-05-31120262052021-06-012022-05-3112026205bus:SmallEntities2022-06-012023-05-3112026205bus:AuditExempt-NoAccountantsReport2022-06-012023-05-3112026205bus:FullAccounts2022-06-012023-05-3112026205bus:PrivateLimitedCompanyLtd2022-06-012023-05-3112026205core:WithinOneYear2023-05-3112026205core:AfterOneYear2023-05-3112026205core:WithinOneYear2022-05-3112026205core:AfterOneYear2022-05-3112026205core:ShareCapital2023-05-3112026205core:SharePremium2023-05-3112026205core:RevaluationReserve2023-05-3112026205core:OtherReservesSubtotal2023-05-3112026205core:RetainedEarningsAccumulatedLosses2023-05-3112026205core:ShareCapital2022-05-3112026205core:SharePremium2022-05-3112026205core:RevaluationReserve2022-05-3112026205core:OtherReservesSubtotal2022-05-3112026205core:RetainedEarningsAccumulatedLosses2022-05-3112026205core:LandBuildings2023-05-3112026205core:PlantMachinery2023-05-3112026205core:Vehicles2023-05-3112026205core:FurnitureFittings2023-05-3112026205core:OfficeEquipment2023-05-3112026205core:NetGoodwill2023-05-3112026205core:IntangibleAssetsOtherThanGoodwill2023-05-3112026205core:ListedExchangeTraded2023-05-3112026205core:UnlistedNon-exchangeTraded2023-05-3112026205core:LandBuildings2022-05-3112026205core:PlantMachinery2022-05-3112026205core:Vehicles2022-05-3112026205core:FurnitureFittings2022-05-3112026205core:OfficeEquipment2022-05-3112026205core:NetGoodwill2022-05-3112026205core:IntangibleAssetsOtherThanGoodwill2022-05-3112026205core:ListedExchangeTraded2022-05-3112026205core:UnlistedNon-exchangeTraded2022-05-3112026205core:LandBuildings2022-06-012023-05-3112026205core:PlantMachinery2022-06-012023-05-3112026205core:Vehicles2022-06-012023-05-3112026205core:FurnitureFittings2022-06-012023-05-3112026205core:OfficeEquipment2022-06-012023-05-3112026205core:NetGoodwill2022-06-012023-05-3112026205core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3112026205core:ListedExchangeTraded2022-06-012023-05-3112026205core:UnlistedNon-exchangeTraded2022-06-012023-05-3112026205core:MoreThanFiveYears2022-06-012023-05-3112026205core:Non-currentFinancialInstruments2023-05-3112026205core:Non-currentFinancialInstruments2022-05-3112026205dpl:CostSales2022-06-012023-05-3112026205dpl:DistributionCosts2022-06-012023-05-3112026205dpl:AdministrativeExpenses2022-06-012023-05-3112026205core:LandBuildings2022-06-012023-05-3112026205core:PlantMachinery2022-06-012023-05-3112026205core:Vehicles2022-06-012023-05-3112026205core:FurnitureFittings2022-06-012023-05-3112026205core:OfficeEquipment2022-06-012023-05-3112026205core:NetGoodwill2022-06-012023-05-3112026205core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3112026205dpl:GroupUndertakings2022-06-012023-05-3112026205dpl:ParticipatingInterests2022-06-012023-05-3112026205dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3112026205core:ListedExchangeTraded2022-06-012023-05-3112026205dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3112026205core:UnlistedNon-exchangeTraded2022-06-012023-05-3112026205dpl:CostSales2021-06-012022-05-3112026205dpl:DistributionCosts2021-06-012022-05-3112026205dpl:AdministrativeExpenses2021-06-012022-05-3112026205core:LandBuildings2021-06-012022-05-3112026205core:PlantMachinery2021-06-012022-05-3112026205core:Vehicles2021-06-012022-05-3112026205core:FurnitureFittings2021-06-012022-05-3112026205core:OfficeEquipment2021-06-012022-05-3112026205core:NetGoodwill2021-06-012022-05-3112026205core:IntangibleAssetsOtherThanGoodwill2021-06-012022-05-3112026205dpl:GroupUndertakings2021-06-012022-05-3112026205dpl:ParticipatingInterests2021-06-012022-05-3112026205dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-012022-05-3112026205core:ListedExchangeTraded2021-06-012022-05-3112026205dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-012022-05-3112026205core:UnlistedNon-exchangeTraded2021-06-012022-05-3112026205core:NetGoodwill2023-05-3112026205core:IntangibleAssetsOtherThanGoodwill2023-05-3112026205core:LandBuildings2023-05-3112026205core:PlantMachinery2023-05-3112026205core:Vehicles2023-05-3112026205core:FurnitureFittings2023-05-3112026205core:OfficeEquipment2023-05-3112026205core:AfterOneYear2023-05-3112026205core:WithinOneYear2023-05-3112026205core:ListedExchangeTraded2023-05-3112026205core:UnlistedNon-exchangeTraded2023-05-3112026205core:ShareCapital2023-05-3112026205core:SharePremium2023-05-3112026205core:RevaluationReserve2023-05-3112026205core:OtherReservesSubtotal2023-05-3112026205core:RetainedEarningsAccumulatedLosses2023-05-3112026205core:NetGoodwill2022-05-3112026205core:IntangibleAssetsOtherThanGoodwill2022-05-3112026205core:LandBuildings2022-05-3112026205core:PlantMachinery2022-05-3112026205core:Vehicles2022-05-3112026205core:FurnitureFittings2022-05-3112026205core:OfficeEquipment2022-05-3112026205core:AfterOneYear2022-05-3112026205core:WithinOneYear2022-05-3112026205core:ListedExch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CONVERT COMMERCE LIMITED

Registered Number
12026205
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

CONVERT COMMERCE LIMITED
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

SCHAEFFLER, Patrick

Registered Address

26 Bertal Road
London
SW17 0BX

Registered Number

12026205 (England and Wales)
CONVERT COMMERCE LIMITED
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets56,45636,114
56,45636,114
Current assets
Debtors13,91911,409
Cash at bank and on hand19,66522,395
33,58433,804
Creditors amounts falling due within one year7(10,267)(8,804)
Net current assets (liabilities)23,31725,000
Total assets less current liabilities79,77361,114
Net assets79,77361,114
Capital and reserves
Called up share capital1,0001,000
Profit and loss account78,77360,114
Shareholders' funds79,77361,114
The financial statements were approved and authorised for issue by the Director on 23 August 2023, and are signed on its behalf by:
SCHAEFFLER, Patrick
Director
Registered Company No. 12026205
CONVERT COMMERCE LIMITED
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activities of the Company continue to be that of business and domestic software development and information technology consultancy.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Fixed assets includes a picture recorded as fixtures and fittings. This is not being depreciated.

Straight line (years)
Office Equipment3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20232022
Average number of employees during the year11
6.Debtors within one year

2023

2022

££
Trade debtors / trade receivables14,0091,609
Other debtors(90)-
Total13,9191,609
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Taxation and social security9,3656,352
Other creditors21,552
Accrued liabilities and deferred income900900
Total10,2678,804
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.