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REGISTERED NUMBER: 06792457 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2023

for

COMMULITE LIMITED

COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Contents of the Financial Statements
for the year ended 31 August 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COMMULITE LIMITED

Company Information
for the year ended 31 August 2023







Director: Mrs L E Curtis





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 06792457 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 10,933 14,215
10,933 14,215

Current assets
Stocks 185,000 182,500
Debtors 6 54,552 316,747
Cash at bank 6,442 430
245,994 499,677
Creditors
Amounts falling due within one year 7 343,598 439,360
Net current (liabilities)/assets (97,604 ) 60,317
Total assets less current liabilities (86,671 ) 74,532

Creditors
Amounts falling due after more than one
year

8

-

(18,750

)

Provisions for liabilities 11 (2,077 ) (2,701 )
Net (liabilities)/assets (88,748 ) 53,081

Capital and reserves
Called up share capital 12 75,100 75,100
Retained earnings (163,848 ) (22,019 )
Shareholders' funds (88,748 ) 53,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Statement of Financial Position - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2024 and were signed by:





Mrs L E Curtis - Director


COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Notes to the Financial Statements
for the year ended 31 August 2023


1. Statutory information

Commulite Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Patents
A patent purchased in 2012, is being amortised evenly over ten years until the expiration of the patent agreement in 2022.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


2. Accounting policies - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 5 (2022 - 5 ) .

4. Intangible fixed assets
Patents
and
licences
£   
Cost
At 1 September 2022
and 31 August 2023 5,000
Amortisation
At 1 September 2022
and 31 August 2023 5,000
Net book value
At 31 August 2023 -
At 31 August 2022 -

5. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 September 2022
and 31 August 2023 21,055 11,235 32,290
Depreciation
At 1 September 2022 12,265 5,810 18,075
Charge for year 2,197 1,085 3,282
At 31 August 2023 14,462 6,895 21,357
Net book value
At 31 August 2023 6,593 4,340 10,933
At 31 August 2022 8,790 5,425 14,215

COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 9,306 218,353
Other debtors 45,246 98,394
54,552 316,747

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 31,019 29,727
Trade creditors 115,510 162,995
Taxation and social security 191,414 191,919
Other creditors 5,655 54,719
343,598 439,360

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 18,750

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 14,792 22,188
Between one and five years - 14,792
14,792 36,980

10. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 22,917 43,750

The bank loan is secured by way of a contains a fixed and floating charge over all the property or undertaking of the company.

11. Provisions for liabilities
2023 2022
£    £   
Deferred tax 2,077 2,701

COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


11. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 September 2022 2,701
Provided during year (624 )
Balance at 31 August 2023 2,077

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
75,000 Preference Shares £1 75,000 75,000
75,100 75,100

13. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mrs L E Curtis
Balance outstanding at start of year 66,294 85,185
Amounts repaid (59,551 ) (18,891 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,743 66,294