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Company registration number: 11804054
Triple M Commercial Finance Limited
Trading as Triple M Commercial Finance Limited
Unaudited filleted financial statements
31 October 2023
Triple M Commercial Finance Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Triple M Commercial Finance Limited
Directors and other information
Directors Mr Kenneth Edward Elms
Miss Rhian Elms
Company number 11804054
Registered office 106 Saughall Massie Lane
Wirral
United Kingdom
CH49 6ND
Business address 106 Saughall Massie Lane
Wirral
United Kingdom
CH49 6ND
Accountants Practical Business Solutions (NW) Limited
749A Ormskirk Road
Pemberton
Wigan
Lancashire
WN5 8AT
Triple M Commercial Finance Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Triple M Commercial Finance Limited
Year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Triple M Commercial Finance Limited for the year ended 31 October 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants , we are subject to its ethical and other professional requirements which are detailed at www.cimaglobal.com.
This report is made solely to the board of directors of Triple M Commercial Finance Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Triple M Commercial Finance Limited and state those matters that we have agreed to state to the board of directors of Triple M Commercial Finance Limited as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Triple M Commercial Finance Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Triple M Commercial Finance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Triple M Commercial Finance Limited. You consider that Triple M Commercial Finance Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Triple M Commercial Finance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Practical Business Solutions (NW) Limited
Chartared Global Managemnt Accountants
749A Ormskirk Road
Pemberton
Wigan
Lancashire
WN5 8AT
31 July 2024
Triple M Commercial Finance Limited
Statement of financial position
31 October 2023
2023 2022
£ £
Fixed assets 1,407 1,409
_______ _______
Current assets 50,018 58,018
Creditors: amounts falling due within one year ( 50,165) ( 19,114)
_______ _______
Net current (liabilities)/assets ( 147) 38,904
_______ _______
Total assets less current liabilities 1,260 40,313
Creditors: amounts falling due after more than one year - ( 45,567)
Provisions for liabilities ( 268) ( 268)
Accruals and deferred income ( 216) -
_______ _______
Net assets/(liabilities) 776 ( 5,522)
_______ _______
Capital and reserves 776 ( 5,522)
_______ _______
Notes to the financial statements
Triple M Commercial Finance Limited
Year ended 31 October 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: 2 ).
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 o/standing
£ £ £ £
Mr Kenneth Edward Elms 42,347 3,334 ( 13,530) 32,151
Miss Rhian Elms ( 270) 3,200 ( 460) 2,470
_______ _______ _______ _______
42,077 6,534 ( 13,990) 34,621
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Kenneth Edward Elms 43,912 - ( 1,565) 42,347
Miss Rhian Elms - 5,429 ( 5,699) ( 270)
_______ _______ _______ _______
43,912 5,429 ( 7,264) 42,077
_______ _______ _______ _______
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts 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 accounts.
The 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 31 July 2024 , and are signed on behalf of the board by:
Mr Kenneth Edward Elms
Director
Company registration number: 11804054
The company is a private company limited by shares, registered in United Kingdom.