Company Registration No. 11669589 (England and Wales)
RESEARCH & COMMERCE LTD
Unaudited accounts
for the year ended 30 November 2023
RESEARCH & COMMERCE LTD
Unaudited accounts
Contents
RESEARCH & COMMERCE LTD
Company Information
for the year ended 30 November 2023
Director
Reyhaneh RAHIMZAD
Company Number
11669589 (England and Wales)
Registered Office
Unit 45
2 Hellidon Close
Ardwick
Manchester
M12 4AH
Accountants
Fouladi and Co Accountants
30 High Street
Cradley Heath
West Midlands
B64 5HL
RESEARCH & COMMERCE LTD
Accountants' report
Accountants' report to the director of RESEARCH & COMMERCE LTD on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
RESEARCH & COMMERCE LTD for the year ended
30 November 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of RESEARCH & COMMERCE LTD, as a body, in accordance with the terms of our engagement letter dated 15 June 2021. Our work has been undertaken solely to prepare for your approval the accounts of RESEARCH & COMMERCE LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RESEARCH & COMMERCE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that RESEARCH & COMMERCE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of RESEARCH & COMMERCE LTD. You consider that RESEARCH & COMMERCE LTD 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 accounts of RESEARCH & COMMERCE LTD. 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 accounts.
Fouladi and Co Accountants
30 High Street
Cradley Heath
West Midlands
B64 5HL
2 September 2024
RESEARCH & COMMERCE LTD
Statement of financial position
as at 30 November 2023
Tangible assets
42,800
42,800
Cash at bank and in hand
12,382
8,676
Creditors: amounts falling due within one year
(225,984)
(215,867)
Net current liabilities
(213,602)
(207,191)
Total assets less current liabilities
(170,802)
(164,391)
Creditors: amounts falling due after more than one year
(20,218)
(22,722)
Net liabilities
(191,020)
(187,113)
Called up share capital
1
1
Profit and loss account
(191,021)
(187,114)
Shareholders' funds
(191,020)
(187,113)
For the year ending 30 November 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 her 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 2 September 2024 and were signed on its behalf by
Reyhaneh RAHIMZAD
Director
Company Registration No. 11669589
RESEARCH & COMMERCE LTD
Notes to the Accounts
for the year ended 30 November 2023
RESEARCH & COMMERCE LTD is a private company, limited by shares, registered in England and Wales, registration number 11669589. The registered office is Unit 45, 2 Hellidon Close, Ardwick, Manchester, M12 4AH.
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.
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:
4
Tangible fixed assets
Plant & machinery
At 30 November 2023
42,800
At 30 November 2023
42,800
At 30 November 2022
42,800
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,000
1,000
Loans from directors
224,984
214,867
6
Creditors: amounts falling due after more than one year
2023
2022
RESEARCH & COMMERCE LTD
Notes to the Accounts
for the year ended 30 November 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).