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Company Registration No. 13576558 (England and Wales)
COMM100 COMMUNICATION LTD Unaudited accounts for the year ended 31 December 2023
COMM100 COMMUNICATION LTD Unaudited accounts Contents
Page
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COMM100 COMMUNICATION LTD Company Information for the year ended 31 December 2023
Director
Zhiwen Gao
Company Number
13576558 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Braant Ltd 20 to 22 Wenlock Road London N1 7GU
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COMM100 COMMUNICATION LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
3,817 
Current assets
Debtors
4,776 
11,324 
Cash at bank and in hand
477 
51,956 
5,253 
63,280 
Creditors: amounts falling due within one year
(48,880)
(111,789)
Net current liabilities
(43,627)
(48,509)
Net liabilities
(43,627)
(44,692)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(43,727)
(44,792)
Shareholders' funds
(43,627)
(44,692)
For the year ending 31 December 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 14 February 2024 and were signed on its behalf by
Zhiwen Gao Director Company Registration No. 13576558
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COMM100 COMMUNICATION LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
COMM100 COMMUNICATION LTD is a private company, limited by shares, registered in England and Wales, registration number 13576558. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
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.
Turnover
Turnover represents the total amount receivable by the company for services provided on behalf of their parent company, in accordance with the transfer pricing directive (between COMM100 NETWORK CORPORATION and its group-owned subsidiaries). The transfer pricing methodology used is the cost-plus method and therefore the company is remunerated at proven full costs plus a profit mark-up.
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.
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:
Computer equipment
55%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
5,367 
Disposals
(5,367)
At 31 December 2023
- 
Depreciation
At 1 January 2023
1,550 
Charge for the year
202 
On disposals
(1,752)
At 31 December 2023
- 
Net book value
At 31 December 2023
- 
At 31 December 2022
3,817 
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COMM100 COMMUNICATION LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
4,645 
Other debtors
4,776 
6,679 
4,776 
11,324 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
323 
28,807 
Amounts owed to group undertakings and other participating interests
46,593 
78,849 
Accruals
1,964 
4,133 
48,880 
111,789 
7
Transactions with related parties
Management fees of £ 156,739 were charged to the parent company during the period (2022 : £559,240) Management fees of £14,566 were charged by the parent company during the period (2022 : £25,679) There is currently an amount due to the parent company of £46,593 (2022 : £78,849)
8
Controlling party
The company's immediate and ultimate parent undertaking is COMM100 NETWORK CORPORATION, a company incorporated in Canada. Copies of the group accounts may be obtained from the secretary, 558-1771 Robson Street, Vancouver BC, Canada, V6G 1C9.
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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