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REGISTERED NUMBER: 08481209 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Commercial Finance Corporation Limited

Commercial Finance Corporation Limited (Registered number: 08481209)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Commercial Finance Corporation Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: T F Moss





REGISTERED OFFICE: 29 Creek Road
Hayling Island
Hampshire
PO11 9QZ





REGISTERED NUMBER: 08481209 (England and Wales)





ACCOUNTANTS: Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ

Commercial Finance Corporation Limited (Registered number: 08481209)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
CURRENT ASSETS
Debtors 4 9,820 -
Cash at bank and in hand 24,465 21,583
34,285 21,583
CREDITORS
Amounts falling due within one year 5 17,769 13,191
NET CURRENT ASSETS 16,516 8,392
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,516

8,392

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 16,416 8,292
SHAREHOLDERS' FUNDS 16,516 8,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Commercial Finance Corporation Limited (Registered number: 08481209)

Balance Sheet - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





T F Moss - Director


Commercial Finance Corporation Limited (Registered number: 08481209)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Commercial Finance Corporation 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.

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 9,820 -

Commercial Finance Corporation Limited (Registered number: 08481209)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 1,906 1,945
Other creditors 15,863 11,246
17,769 13,191

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Share capital 1 £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 May 2023 8,292
Profit for the year 8,124
At 30 April 2024 16,416

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T F Moss.

Commercial Finance Corporation Limited

Report of the Accountants to the Director of
Commercial Finance Corporation Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ


23 January 2025