ASCENSION COMMERCIAL LIMITED

Company Registration Number:
07586400 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

ASCENSION COMMERCIAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ASCENSION COMMERCIAL LIMITED

Company Information

for the Period Ended 31 December 2023




Director: Mr Austin Aggrey-Odom
Ms Davinia Adelle Powell
Reverend Leslie Worrel Isaac
Mr Michael John Amoah
Ms Christina Amarachi Mbakwe
Registered office: C/O Ascension Trust
Alpha House, Alpha Place
Garth Road, Morden
Surrey
SM4 4TQ
Company Registration Number: 07586400 (England and Wales)

ASCENSION COMMERCIAL LIMITED

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal Activities

The company's principal activity during the year is the resale of clothing and other branded merchandise.

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
Mr Austin Aggrey-Odom
Ms Davinia Adelle Powell
Reverend Leslie Worrel Isaac
Mr Michael John Amoah
Ms Christina Amarachi Mbakwe

This report was approved by the board of directors on 28 August 2024
And Signed On Behalf Of The Board By:

Name: Reverend Leslie Worrel Isaac
Status: Director

ASCENSION COMMERCIAL LIMITED

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Turnover 55,497 60,723
Cost of sales ( 43,398 ) ( 36,591 )
Gross Profit or (Loss) 12,099 24,132
Distribution Costs ( 3,380 ) ( 4,050 )
Administrative Expenses ( 13,543 ) ( 11,797 )
Operating Profit or (Loss) ( 4,824 ) 8,285
Interest Receivable and Similar Income 153 16
Profit or (Loss) Before Tax ( 4,671 ) 8,301
Tax on Profit - ( 0 )
Profit or (Loss) for Period ( 4,671 ) 8,301

The notes form part of these financial statements

ASCENSION COMMERCIAL LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 49,837 35,074
Debtors: 4 7,203 2,103
Cash at bank and in hand: 64,948 67,972
Total current assets: 121,988 105,149
Creditors: amounts falling due within one year: 5 ( 37,157 ) ( 34,510 )
Net current assets (liabilities): 84,831 70,639
Total assets less current liabilities: 84,831 70,639
Creditors: amounts falling due after more than one year: 6 ( 88,507 ) ( 69,644 )
Total net assets (liabilities): ( 3,676 ) 995

The notes form part of these financial statements

ASCENSION COMMERCIAL LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 3,677 ) 994
Shareholders funds: ( 3,676 ) 995

For the year ending 31 December 2023 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.

This report was approved by the board of directors on 28 August 2024
And Signed On Behalf Of The Board By:

Name: Reverend Leslie Worrel Isaac
Status: Director

The notes form part of these financial statements

ASCENSION COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

ASCENSION COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

ASCENSION COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

ASCENSION COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors


2023
£

2022
£
Trade debtors 6,918 1,818
Other debtors 285 285
Total 7,203 2,103

ASCENSION COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 5,161 826
Taxation and social security 860 2,697
Other creditors 31,136 30,987
Total 37,157 34,510

ASCENSION COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.Creditors: amounts falling due after more than one year


2023
£

2022
£
Other creditors 88,507 69,644
Total 88,507 69,644