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Registered number: 5025641
COMMERCIAL ENTERPRISES LIMITED
Unaudited Financial Statements
For The Year Ended 30 June 2024
PETER BROWN ACCOUNTANTS
A.F.A.
Kirks Folly, Church Road
Stanton upon hine Heath
Shrewsbury
Shropshire
SY4 4NF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 5025641
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,282 7,970
11,282 7,970
CURRENT ASSETS
Cash at bank and in hand 21,916 26,851
21,916 26,851
Creditors: Amounts Falling Due Within One Year 5 (80,645 ) (61,385 )
NET CURRENT ASSETS (LIABILITIES) (58,729 ) (34,534 )
TOTAL ASSETS LESS CURRENT LIABILITIES (47,447 ) (26,564 )
NET LIABILITIES (47,447 ) (26,564 )
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account (47,449 ) (26,566 )
SHAREHOLDERS' FUNDS (47,447) (26,564)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr KEVIN PEAKE
Director
07/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
COMMERCIAL ENTERPRISES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 5025641 . The registered office is MARCHE HALL, MARCHE LANE, HALFWAY HOUSE, SHREWSBURY, SY5 9DE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance Basis
Motor Vehicles 25% Reducing Balance Basis
Fixtures & Fittings 25% Reducing Balance Basis
Computer Equipment 25% Reducing Balance Basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 13,337 42,345 - 4,237 59,919
Additions 414 - 4,838 209 5,461
As at 30 June 2024 13,751 42,345 4,838 4,446 65,380
Depreciation
As at 1 July 2023 12,856 35,737 - 3,356 51,949
Provided during the period 224 1,652 - 273 2,149
As at 30 June 2024 13,080 37,389 - 3,629 54,098
Net Book Value
As at 30 June 2024 671 4,956 4,838 817 11,282
As at 1 July 2023 481 6,608 - 881 7,970
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 2,009 -
VAT 2,288 2,169
Other creditors - 900
Accruals and deferred income 700 600
Directors' loan accounts 75,648 57,716
80,645 61,385
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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