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
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
Commerce Link (eu) Ltd
Statement of financial position
as at 30 June 2024
Intangible assets
33,210
-
Tangible assets
1,503
2,004
Cash at bank and in hand
6,460
17,515
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
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
Commerce Link (eu) Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over its expected useful life of 10 years.
Commerce Link (eu) Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Other debtors
1,211
23,631
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
42,134
42,377
Commerce Link (eu) Ltd
Notes to the Accounts
for the year ended 30 June 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).