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COMPANY REGISTRATION NUMBER: 07721881
Commercial Networks Limited
Filleted Unaudited Financial Statements
31 July 2023
Commercial Networks Limited
Statement of Financial Position
31 July 2023
2023
2022
£
£
£
Fixed assets
14,155
3,825
---------
-------
Current assets
147,123
104,277
Prepayments and accrued income
2,888
2,692
----------
----------
150,011
106,969
Creditors: amounts falling due within one year
( 119,658)
( 66,797)
----------
----------
Net Current Assets
30,353
40,172
---------
---------
Total Assets Less Current Liabilities
44,508
43,997
Creditors: amounts falling due after more than one year
( 18,417)
( 28,447)
Accruals and deferred income
( 1,116)
( 1,116)
---------
---------
24,975
14,434
---------
---------
Capital and reserves
24,975
14,434
---------
---------
Notes to the Financial Statements
1. Employee Numbers
The average number of persons employed by the company during the year amounted to 7 (2022: 6 ).
2. Directors' Advances, Credits and Guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr S Bithell
( 1,063)
( 312)
( 1,375)
Mr M Deaville
( 583)
( 1,254)
( 1,837)
-------
-------
----
-------
( 1,646)
( 1,566)
( 3,212)
-------
-------
----
-------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr S Bithell
( 762)
( 1,063)
762
( 1,063)
Mr M Deaville
( 274)
( 583)
274
( 583)
-------
-------
-------
-------
( 1,036)
( 1,646)
1,036
( 1,646)
-------
-------
-------
-------
The non-interest bearing loans are repayable on demand.
For the year ending 31st July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 30 November 2023 , and are signed on behalf of the board by:
Mr S Bithell
Mr M Deaville
Director
Director
Company registration number: 07721881
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Fort, Artillery Business Park, Oswestry, Shropshire, SY11 4AD.