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COMPANY REGISTRATION NUMBER: 09366156
European Commodity Brokers Limited
Filleted Unaudited Financial Statements
For the Year Ended
31 December 2023
European Commodity Brokers Limited
Financial Statements
Year Ended 31st December 2023
Contents
Pages
Officers and Professional Advisers
1
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements
2
Statement of Financial Position
3
Notes to the Financial Statements
4
European Commodity Brokers Limited
Officers and Professional Advisers
Director
Mr H Watkin
Registered Office
Suite 7 Rookery House
The Guineas
Newmarket
CB8 8BQ
Accountants
Peyton Tyler Mears
Chartered accountants
Middleborough House
16 Middleborough
Colchester
Essex
CO1 1QT
European Commodity Brokers Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of European Commodity Brokers Limited
Year Ended 31st December 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31st December 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Peyton Tyler Mears Chartered accountants
Middleborough House 16 Middleborough Colchester Essex CO1 1QT
2 September 2024
European Commodity Brokers Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Current Assets
Debtors
4
1
1
Cash at bank and in hand
156
186
----
----
157
187
Creditors: amounts falling due within one year
5
156
186
----
----
Net Current Assets
1
1
----
----
Total Assets Less Current Liabilities
1
1
----
----
Capital and Reserves
Called up share capital
1
1
----
----
Shareholders Funds
1
1
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 2 September 2024 , and are signed on behalf of the board by:
Mr H Watkin
Director
Company registration number: 09366156
European Commodity Brokers Limited
Notes to the Financial Statements
Year Ended 31st December 2023
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 7 Rookery House, The Guineas, Newmarket, CB8 8BQ.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Debtors
2023
2022
£
£
Other debtors
1
1
----
----
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
( 24)
Social security and other taxes
12
14
Other creditors
168
172
----
----
156
186
----
----