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REGISTERED NUMBER: 04315602 (England and Wales)











Financial Statements for the Year Ended 30 June 2024

for

COM5 Limited

COM5 Limited (Registered number: 04315602)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


COM5 Limited (Registered number: 04315602)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161 215

CURRENT ASSETS
Stocks 134,897 136,846
Debtors 5 93,078 121,077
Prepayments and accrued income 2,326 2,157
Cash at bank 61,808 -
292,109 260,080
CREDITORS
Amounts falling due within one year 6 523,484 442,195
NET CURRENT LIABILITIES (231,375 ) (182,115 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(231,214

)

(181,900

)

CREDITORS
Amounts falling due after more than one year 7 10,755 20,747
NET LIABILITIES (241,969 ) (202,647 )

CAPITAL AND RESERVES
Called up share capital 132,000 132,000
Retained earnings (373,969 ) (334,647 )
SHAREHOLDERS' FUNDS (241,969 ) (202,647 )

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

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

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:



R J F Doyle - Director



Mrs J Doyle - Director


COM5 Limited (Registered number: 04315602)

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


1. STATUTORY INFORMATION

COM5 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04315602

Registered office: 9 London Road
Southampton
Hampshire
SO15 2AE

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

COM5 Limited (Registered number: 04315602)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2023
and 30 June 2024 15,391
DEPRECIATION
At 1 July 2023 15,176
Charge for year 54
At 30 June 2024 15,230
NET BOOK VALUE
At 30 June 2024 161
At 30 June 2023 215

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,851 43,067
Other debtors 87,227 78,010
93,078 121,077

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,304 43,808
Trade creditors 23,499 75,001
Taxation and social security 13 874
Other creditors 480,668 322,512
523,484 442,195

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,755 20,747

8. DEFERRED TAX
£   
Balance at 1 July 2023 (78,010 )
Movement in provision (9,217 )
Balance at 30 June 2024 (87,227 )