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REGISTERED NUMBER: 11544414 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Anglo Commercial Enterprises Ltd

Anglo Commercial Enterprises Ltd (Registered number: 11544414)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Anglo Commercial Enterprises Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr N Senior



REGISTERED OFFICE: Grangewood
Chapel Lane
Penistone
Sheffield
South Yorkshire
S36 6AQ



REGISTERED NUMBER: 11544414 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Natwest
PO Box 120
42 High Street
Sheffield
South Yorkshire
S1 2GE

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Anglo Commercial Enterprises Ltd


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 Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Anglo Commercial Enterprises Ltd for the year ended 31 August 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Anglo Commercial Enterprises Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Anglo Commercial Enterprises Ltd and state those matters that we have agreed to state to the director of Anglo Commercial Enterprises Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Anglo Commercial Enterprises Ltd and its director for our work or for this report.

It is your duty to ensure that Anglo Commercial Enterprises Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Anglo Commercial Enterprises Ltd. You consider that Anglo Commercial Enterprises Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Anglo Commercial Enterprises Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


24 January 2025

Anglo Commercial Enterprises Ltd (Registered number: 11544414)

Balance Sheet
31 August 2024

31/8/24 31/8/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 47

CURRENT ASSETS
Debtors 5 30,544 50,264
Cash in hand 100 100
30,644 50,364
CREDITORS
Amounts falling due within one year 6 (31,098 ) (49,407 )
NET CURRENT (LIABILITIES)/ASSETS (454 ) 957
TOTAL ASSETS LESS CURRENT LIABILITIES (454 ) 1,004

PROVISIONS FOR LIABILITIES - (9 )
NET (LIABILITIES)/ASSETS (454 ) 995

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (554 ) 895
(454 ) 995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Anglo Commercial Enterprises Ltd (Registered number: 11544414)

Balance Sheet - continued
31 August 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 24 January 2025 and were signed by:





Mr N Senior - Director


Anglo Commercial Enterprises Ltd (Registered number: 11544414)

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


1. STATUTORY INFORMATION

Anglo Commercial Enterprises Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The director withdrew dividends during the current accounting period when there were insufficient
reserves resulting in illegal dividends. The director acknowledges that illegal dividends have arisen and
has made plans to make good this situation. No further dividends will be taken until sufficient reserves are available.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes 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 asset of the company after deducting all of its liabilities.

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.


Anglo Commercial Enterprises Ltd (Registered number: 11544414)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued
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.

Going concern
The company has reported a profit for the year, however now have a deficit in shareholders funds of £864

The company will cease trading after the 31 August 2024 year end. As required by the Financial Reporting Standard 102 including the provisions of Section 1A "Smaller Entities" the directors have prepared the financial statements on the basis that the company is no longer a going concern. No material adjustments arose as a result of ceasing the apply the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 126 768 894
Disposals (126 ) (768 ) (894 )
At 31 August 2024 - - -
DEPRECIATION
At 1 September 2023 79 768 847
Charge for year 31 - 31
Eliminated on disposal (110 ) (768 ) (878 )
At 31 August 2024 - - -
NET BOOK VALUE
At 31 August 2024 - - -
At 31 August 2023 47 - 47

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Other debtors 30,544 50,264

Anglo Commercial Enterprises Ltd (Registered number: 11544414)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 14,948 13,604
Taxation and social security 10,410 32,115
Other creditors 5,740 3,688
31,098 49,407

7. SECURED DEBTS

The following secured debts are included within creditors:

31/8/24 31/8/23
£    £   
Bank overdrafts 14,948 13,604

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31/8/24 31/8/23
£    £   
Mr N Senior
Balance outstanding at start of year 37,711 30,070
Amounts advanced 34,614 50,594
Amounts repaid (54,333 ) (42,953 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,992 37,711