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Company Registration No. 09071961 (England and Wales)
Commerce Link (eu) Ltd Unaudited accounts for the year ended 30 June 2023
Commerce Link (eu) Ltd Unaudited accounts Contents
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Commerce Link (eu) Ltd Company Information for the year ended 30 June 2023
Director
GOUDEVENOS, Konstantinos
Company Number
09071961 (England and Wales)
Registered Office
Sheridan Court 66 Mansfield Rd Flat 207 Nottingham NG1 3GY
Accountants
Archimedia Accounts 6 Edison Village Nottingham Science & Technology Park Nottingham Nottinghamshire NG72RF
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Commerce Link (eu) Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,004 
2,672 
Current assets
Debtors
23,922 
249 
Cash at bank and in hand
17,515 
15,570 
41,437 
15,819 
Creditors: amounts falling due within one year
(43,241)
(18,291)
Net current liabilities
(1,804)
(2,472)
Net assets
200 
200 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
100 
100 
Shareholders' funds
200 
200 
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 March 2024 and were signed on its behalf by
GOUDEVENOS, Konstantinos Director Company Registration No. 09071961
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Commerce Link (eu) Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Commerce Link (eu) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09071961. The registered office is Sheridan Court 66 Mansfield Rd, Flat 207 , Nottingham, NG1 3GY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Commerce Link (eu) Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2022
9,669 
At 30 June 2023
9,669 
Depreciation
At 1 July 2022
6,997 
Charge for the year
668 
At 30 June 2023
7,665 
Net book value
At 30 June 2023
2,004 
At 30 June 2022
2,672 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
291 
249 
Other debtors
23,631 
- 
23,922 
249 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
774 
774 
Taxes and social security
42,377 
27,267 
Other creditors
90 
- 
Loans from directors
- 
(9,750)
43,241 
18,291 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
GOUDEVENOS, Konstantinos
Directors Loan
9,750 
- 
- 
9,750 
9,750 
- 
- 
9,750 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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