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Company Registration No. 09071961 (England and Wales)
Commerce Link (eu) Ltd Unaudited accounts for the year ended 30 June 2024
Commerce Link (eu) Ltd Unaudited accounts Contents
Page
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Commerce Link (eu) Ltd Company Information for the year ended 30 June 2024
Director
GOUDEVENOS, Konstantinos
Company Number
09071961 (England and Wales)
Registered Office
Sheridan Court 66 Mansfield Rd Flat 207 Nottingham NG1 3GY
Accountants
Archimedia Accounts 6 Edison Village Nottingham Science & Technology Park Nottingham Nottinghamshire NG72RF
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Commerce Link (eu) Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
33,210 
- 
Tangible assets
1,503 
2,004 
34,713 
2,004 
Current assets
Debtors
1,728 
23,922 
Cash at bank and in hand
6,460 
17,515 
8,188 
41,437 
Creditors: amounts falling due within one year
(42,485)
(43,241)
Net current liabilities
(34,297)
(1,804)
Total assets less current liabilities
416 
200 
Provisions for liabilities
Deferred tax
(286)
- 
Net assets
130 
200 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
30 
100 
Shareholders' funds
130 
200 
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 February 2025 and were signed on its behalf by
GOUDEVENOS, Konstantinos Director Company Registration No. 09071961
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Commerce Link (eu) Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Commerce Link (eu) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09071961. The registered office is Sheridan Court 66 Mansfield Rd, Flat 207 , Nottingham, NG1 3GY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over its expected useful life of 10 years.
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Commerce Link (eu) Ltd Notes to the Accounts for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
- 
Additions
36,900 
At 30 June 2024
36,900 
Amortisation
At 1 July 2023
- 
Charge for the year
3,690 
At 30 June 2024
3,690 
Net book value
At 30 June 2024
33,210 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
9,669 
At 30 June 2024
9,669 
Depreciation
At 1 July 2023
7,665 
Charge for the year
501 
At 30 June 2024
8,166 
Net book value
At 30 June 2024
1,503 
At 30 June 2023
2,004 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
517 
291 
Other debtors
1,211 
23,631 
1,728 
23,922 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
260 
774 
Taxes and social security
42,134 
42,377 
Other creditors
91 
90 
42,485 
43,241 
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Commerce Link (eu) Ltd Notes to the Accounts for the year ended 30 June 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
GOUDEVENOS, Konstantinos
Directors Loan
23,631 
69,233 
91,653 
1,211 
23,631 
69,233 
91,653 
1,211 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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