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REGISTERED NUMBER: 03904354 (England and Wales)















COMMBUS.COM LIMITED

Financial Statements for the Year Ended 31 January 2023






COMMBUS.COM LIMITED (REGISTERED NUMBER: 03904354)






Contents of the Financial Statements
for the year ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


COMMBUS.COM LIMITED

Company Information
for the year ended 31 January 2023







Directors: M J Clark
G W Hunt





Secretary: G W Hunt





Registered office: Blyth Hall Farm
Blythe Road
Coleshill
Birmingham
West Midlands
B46 2AF





Registered number: 03904354 (England and Wales)





Accountants: Haines Watts Birmingham LLP
5-6 Greenfield Crescent
Edgbaston
Birmingham
West Midlands
B15 3BE

COMMBUS.COM LIMITED (REGISTERED NUMBER: 03904354)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 42,429 41,153

Current assets
Debtors 5 42,096 131,334
Cash at bank and in hand 47,565 36,612
89,661 167,946
Creditors
Amounts falling due within one year 6 80,593 140,281
Net current assets 9,068 27,665
Total assets less current liabilities 51,497 68,818

Creditors
Amounts falling due after more than one
year

7

39,708

58,773
Net assets 11,789 10,045

Capital and reserves
Called up share capital 100 100
Retained earnings 11,689 9,945
Shareholders' funds 11,789 10,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 26 October 2023 and were signed on its behalf by:





M J Clark - Director


COMMBUS.COM LIMITED (REGISTERED NUMBER: 03904354)

Notes to the Financial Statements
for the year ended 31 January 2023

1. Statutory information

Commbus.com 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.
Plant and machinery etc - 25% 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.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

COMMBUS.COM LIMITED (REGISTERED NUMBER: 03904354)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 February 2022 265,740
Additions 26,197
At 31 January 2023 291,937
Depreciation
At 1 February 2022 224,587
Charge for year 24,921
At 31 January 2023 249,508
Net book value
At 31 January 2023 42,429
At 31 January 2022 41,153

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 5,158 93,183
Other debtors 36,938 38,151
42,096 131,334

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 5,882 2,500
Hire purchase contracts 11,273 4,299
Trade creditors 14,144 36,364
Taxation and social security 1,616 4,759
Other creditors 47,678 92,359
80,593 140,281

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 39,708 47,500
Hire purchase contracts - 11,273
39,708 58,773

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,179 -