Comack Limited 05178207 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true false 05178207 2023-04-01 2024-03-31 05178207 2024-03-31 05178207 bus:OrdinaryShareClass1 2024-03-31 05178207 core:RetainedEarningsAccumulatedLosses 2024-03-31 05178207 core:ShareCapital 2024-03-31 05178207 core:CurrentFinancialInstruments 2024-03-31 05178207 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05178207 core:CostValuation 2024-03-31 05178207 core:FurnitureFittingsToolsEquipment 2024-03-31 05178207 bus:SmallEntities 2023-04-01 2024-03-31 05178207 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05178207 bus:FullAccounts 2023-04-01 2024-03-31 05178207 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05178207 bus:RegisteredOffice 2023-04-01 2024-03-31 05178207 bus:Director2 2023-04-01 2024-03-31 05178207 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05178207 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05178207 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 05178207 core:ShareCapital 2023-04-01 2024-03-31 05178207 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 05178207 core:PlantMachinery 2023-04-01 2024-03-31 05178207 countries:England 2023-04-01 2024-03-31 05178207 2023-03-31 05178207 core:RetainedEarningsAccumulatedLosses 2023-03-31 05178207 core:ShareCapital 2023-03-31 05178207 core:CostValuation 2023-03-31 05178207 core:FurnitureFittingsToolsEquipment 2023-03-31 05178207 2022-04-01 2023-03-31 05178207 2023-03-31 05178207 bus:OrdinaryShareClass1 2023-03-31 05178207 core:RetainedEarningsAccumulatedLosses 2023-03-31 05178207 core:ShareCapital 2023-03-31 05178207 core:CurrentFinancialInstruments 2023-03-31 05178207 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05178207 core:FurnitureFittingsToolsEquipment 2023-03-31 05178207 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 05178207 core:ShareCapital 2022-04-01 2023-03-31 05178207 2022-03-31 05178207 core:RetainedEarningsAccumulatedLosses 2022-03-31 05178207 core:ShareCapital 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05178207

Comack Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Comack Limited

(Registration number: 05178207)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

127,280

134,040

Investments

5

50,000

50,000

 

177,280

184,040

Current assets

 

Debtors

6

133,199

140,628

Cash at bank and in hand

 

92,179

15,577

 

225,378

156,205

Creditors: Amounts falling due within one year

7

(64,736)

(3,256)

Net current assets

 

160,642

152,949

Total assets less current liabilities

 

337,922

336,989

Provisions for liabilities

(15,408)

(14,766)

Net assets

 

322,514

322,223

Capital and reserves

 

Called up share capital

8

300

300

Retained earnings

322,214

321,923

Shareholders' funds

 

322,514

322,223

 

Comack Limited

(Registration number: 05178207)
Balance Sheet as at 31 March 2024

For the financial year 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 November 2024 and signed on its behalf by:
 


Mr D P Coates
Director

   
 

Comack Limited

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

300

321,923

322,223

Profit for the year

-

219,431

219,431

Dividends

-

(219,140)

(219,140)

At 31 March 2024

300

322,214

322,514

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

300

200,627

200,927

Profit for the year

-

239,796

239,796

Dividends

-

(118,500)

(118,500)

At 31 March 2023

300

321,923

322,223

 

Comack Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

Registration number: 05178207

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Comack Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Other property, plant and equipment

4% per annum on cost

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

 

Comack Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 3 (2023 - 3).

4

Tangible assets

Other property, plant and equipment
£

Total
£

Cost or valuation

At 1 April 2023

169,000

169,000

At 31 March 2024

169,000

169,000

Depreciation

At 1 April 2023

34,960

34,960

Charge for the year

6,760

6,760

At 31 March 2024

41,720

41,720

Carrying amount

At 31 March 2024

127,280

127,280

At 31 March 2023

134,040

134,040

 

Comack Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

50,000

50,000

Subsidiaries

£

Cost or valuation

At 1 April 2023

50,000

At 31 March 2024

50,000

Carrying amount

At 31 March 2024

50,000

At 31 March 2023

50,000

6

Debtors

2024
£

2023
£

Trade debtors

1,201

3,201

Amounts owed by group undertakings

121,600

127,680

Other debtors

10,369

9,747

Social security and other taxes

29

-

133,199

140,628

 

Comack Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

7

Creditors

2024
£

2023
£

Due within one year

Other creditors

60,800

-

Trade creditors

85

264

Social security and other taxes

2,720

1,992

Accruals

1,131

1,000

64,736

3,256

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

300

300

300

300