Company Registration No. 10409312 (England and Wales)
Commversion Limited
Unaudited accounts
for the year ended 31 October 2024
Commversion Limited
Unaudited accounts
Contents
Commversion Limited
Company Information
for the year ended 31 October 2024
Directors
Albert Horne
Piers Maughan
Shobhit Patil
Asif Rizvi
Company Number
10409312 (England and Wales)
Registered Office
142 Cromwell Road
London
SW7 4EF
United Kingdom
Commversion Limited
Statement of financial position
as at 31 October 2024
Intangible assets
97,786
-
Tangible assets
7,771
6,313
Cash at bank and in hand
319,747
267,798
Creditors: amounts falling due within one year
(607,846)
(410,305)
Net current assets
288,200
255,250
Total assets less current liabilities
406,219
274,025
Creditors: amounts falling due after more than one year
(35,087)
(181,719)
Called up share capital
150
150
Profit and loss account
370,982
92,156
Shareholders' funds
371,132
92,306
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by
Piers Maughan
Director
Company Registration No. 10409312
Commversion Limited
Notes to the Accounts
for the year ended 31 October 2024
Commversion Limited is a private company, limited by shares, registered in England and Wales, registration number 10409312. The registered office is 142 Cromwell Road, London, SW7 4EF, United Kingdom.
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.
These financial statements for the year ended 31 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Commversion Limited
Notes to the Accounts
for the year ended 31 October 2024
5
Tangible fixed assets
Computer equipment
6
Investments
Subsidiary undertakings
Valuation at 1 November 2023
12,462
Valuation at 31 October 2024
12,462
Amounts falling due within one year
Trade debtors
514,579
363,671
Accrued income and prepayments
-
21,486
Other debtors
27,533
12,600
Amounts falling due after more than one year
Accrued income and prepayments
34,187
-
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
44,916
52,187
Taxes and social security
114,401
54,150
Commversion Limited
Notes to the Accounts
for the year ended 31 October 2024
9
Creditors: amounts falling due after more than one year
2024
2023
10
Average number of employees
During the year the average number of employees was 8 (2023: 8).