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Registered number: 09067790

Commercial Finance Practice Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Commercial Finance Practice Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
James Pearce
B A Welch
N D Wood
REGISTERED OFFICE
50 Jermyn Street
London
SW1Y 6LX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09067790
ACCOUNTANTS
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Commercial Finance Practice Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Commercial Finance Practice Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
CURRENT ASSETS
Debtors35,00026,345
Cash at bank and in hand3,6692,958
8,66929,303
CREDITORS: Amounts falling due within one year42,30022,453
NET CURRENT ASSETS6,3696,850
TOTAL ASSETS LESS CURRENT LIABILITIES6,3696,850
CAPITAL AND RESERVES
Called up share capital533
Profit and loss account6,3666,847
SHAREHOLDERS' FUNDS6,3696,850
For the year ending 30/06/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/07/2024 and signed on their behalf by
.............................
James Pearce
Director

Commercial Finance Practice Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
2. EMPLOYEES
20242023
No.No.
Average number of employees--
3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors5,00026,345
5,00026,345
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Accruals2,30022,453
2,30022,453
5. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
3 Ordinary shares of £1 each33
33

Commercial Finance Practice Limited

6. CONTROLLING PARTY
The company is controlled by its directors, N D Wood, J F Pearce and B A Welch.