Silverfin false false 31/03/2024 11/01/2023 31/03/2024 Mrs C Rowett 11/01/2023 Mr A Rowett 11/01/2023 08 October 2024 The company incorporated and started trading on 11 January 2023. The principal activity of the Company during the financial period was that of an advertising agency. 14585305 2024-03-31 14585305 bus:Director1 2024-03-31 14585305 bus:Director2 2024-03-31 14585305 core:CurrentFinancialInstruments 2024-03-31 14585305 core:Non-currentFinancialInstruments 2024-03-31 14585305 core:ShareCapital 2024-03-31 14585305 core:RetainedEarningsAccumulatedLosses 2024-03-31 14585305 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-10 14585305 2023-01-10 14585305 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 14585305 2023-01-11 2024-03-31 14585305 bus:FilletedAccounts 2023-01-11 2024-03-31 14585305 bus:SmallEntities 2023-01-11 2024-03-31 14585305 bus:AuditExemptWithAccountantsReport 2023-01-11 2024-03-31 14585305 bus:PrivateLimitedCompanyLtd 2023-01-11 2024-03-31 14585305 bus:Director1 2023-01-11 2024-03-31 14585305 bus:Director2 2023-01-11 2024-03-31 14585305 core:DevelopmentCostsCapitalisedDevelopmentExpenditure core:TopRangeValue 2023-01-11 2024-03-31 14585305 core:OtherResidualIntangibleAssets 2023-01-11 2024-03-31 14585305 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-11 2024-03-31 14585305 core:Non-currentFinancialInstruments 2023-01-11 2024-03-31 iso4217:GBP xbrli:pure

Company No: 14585305 (England and Wales)

THE COMMERCIAL TRADER LIMITED

Unaudited Financial Statements
For the financial period from 11 January 2023 to 31 March 2024
Pages for filing with the registrar

THE COMMERCIAL TRADER LIMITED

Unaudited Financial Statements

For the financial period from 11 January 2023 to 31 March 2024

Contents

THE COMMERCIAL TRADER LIMITED

BALANCE SHEET

As at 31 March 2024
THE COMMERCIAL TRADER LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Intangible assets 3 27,643
27,643
Current assets
Debtors 4 250
Cash at bank and in hand 2,162
2,412
Creditors: amounts falling due within one year 5 ( 16,685)
Net current liabilities (14,273)
Total assets less current liabilities 13,370
Creditors: amounts falling due after more than one year 6 ( 10,657)
Net assets 2,713
Capital and reserves
Called-up share capital 2
Profit and loss account 2,711
Total shareholders' funds 2,713

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Commercial Trader Limited (registered number: 14585305) were approved and authorised for issue by the Board of Directors on 08 October 2024. They were signed on its behalf by:

Mr A Rowett
Director
THE COMMERCIAL TRADER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 11 January 2023 to 31 March 2024
THE COMMERCIAL TRADER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 11 January 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

The Commercial Trader Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Unit 18, 23 Melville Building East, Royal William Yard, Plymouth, PL1 3GW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The annual accounts are presented for a period of longer than 12 months due to these being the first set of accounts for the company from incorporation.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs 5 years straight line
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
11.01.2023 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 0

3. Intangible assets

Development costs Total
£ £
Cost
At 11 January 2023 0 0
Additions 36,858 36,858
At 31 March 2024 36,858 36,858
Accumulated amortisation
At 11 January 2023 0 0
Charge for the financial period 9,215 9,215
At 31 March 2024 9,215 9,215
Net book value
At 31 March 2024 27,643 27,643

4. Debtors

31.03.2024
£
Trade debtors 250

5. Creditors: amounts falling due within one year

31.03.2024
£
Taxation and social security 636
Other creditors 16,049
16,685

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

31.03.2024
£
Other creditors 10,657

There are no amounts included above in respect of which any security has been given by the small entity.