Company Registration No. 12098228 (England and Wales)
PLATINUM COMMERCIAL FINANCE LTD
Unaudited accounts
for the year ended 31 July 2024
PLATINUM COMMERCIAL FINANCE LTD
Unaudited accounts
Contents
PLATINUM COMMERCIAL FINANCE LTD
Company Information
for the year ended 31 July 2024
Directors
Douglas Mcarthur
Tun Hla Kyaw
Company Number
12098228 (England and Wales)
Registered Office
16 Manor Gardens
Barnwood Road
Gloucester
GL4 3JY
ENGLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
PLATINUM COMMERCIAL FINANCE LTD
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
2
228
Creditors: amounts falling due within one year
(5,929)
(4,996)
Net current liabilities
(5,927)
(4,768)
Total assets less current liabilities
(5,927)
(4,768)
Creditors: amounts falling due after more than one year
(50,698)
(50,737)
Net liabilities
(56,625)
(55,505)
Called up share capital
100
100
Profit and loss account
(56,725)
(55,605)
Shareholders' funds
(56,625)
(55,505)
For the year ending 31 July 2024 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 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 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 of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by
Douglas Mcarthur
Director
Company Registration No. 12098228
PLATINUM COMMERCIAL FINANCE LTD
Notes to the Accounts
for the year ended 31 July 2024
PLATINUM COMMERCIAL FINANCE LTD is a private company, limited by shares, registered in England and Wales, registration number 12098228. The registered office is 16 Manor Gardens, Barnwood Road, Gloucester, GL4 3JY , 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
4
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,625
1,625
Loans from directors
4,065
3,132
5
Creditors: amounts falling due after more than one year
2024
2023
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).