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REGISTERED NUMBER: 02847816 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

COMMERCE INTERNATIONAL (GB) LIMITED

COMMERCE INTERNATIONAL (GB) LIMITED (REGISTERED NUMBER: 02847816)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMMERCE INTERNATIONAL (GB) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTOR: Mr Bharat Ruparell



SECRETARY: Mrs Melissa Ruparell



REGISTERED OFFICE: 18-20 Vale Road
Bushey
Hertfordshire
WD23 2HE



REGISTERED NUMBER: 02847816 (England and Wales)



BANKERS: Barclays Bank Plc

COMMERCE INTERNATIONAL (GB) LIMITED (REGISTERED NUMBER: 02847816)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 242,845 260,373

CURRENT ASSETS
Stocks 256,378 285,991
Debtors 5 35,618 33,086
Cash at bank 626,614 592,170
918,610 911,247
CREDITORS
Amounts falling due within one year 6 480,222 491,344
NET CURRENT ASSETS 438,388 419,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

681,233

680,276

CREDITORS
Amounts falling due after more than one year 7 15,317 20,000
NET ASSETS 665,916 660,276

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 665,816 660,176
SHAREHOLDERS' FUNDS 665,916 660,276

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

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

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 24th April 2025 and were signed by:





Mr Bharat Ruparell - Director


COMMERCE INTERNATIONAL (GB) LIMITED (REGISTERED NUMBER: 02847816)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024


1. STATUTORY INFORMATION

Commerce International (GB) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 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 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Government grants
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment.

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

COMMERCE INTERNATIONAL (GB) LIMITED (REGISTERED NUMBER: 02847816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st August 2023
and 31st July 2024 279,800 105,715 385,515
DEPRECIATION
At 1st August 2023 67,152 57,990 125,142
Charge for year 5,596 11,932 17,528
At 31st July 2024 72,748 69,922 142,670
NET BOOK VALUE
At 31st July 2024 207,052 35,793 242,845
At 31st July 2023 212,648 47,725 260,373

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,425 33,086
Other debtors 2,193 -
35,618 33,086

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 142,031 135,713
Taxation and social security 5,429 34,156
Other creditors 322,762 311,475
480,222 491,344

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,317 20,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Bharat Ruparell and his close family members.