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Company Registration No. 10409312 (England and Wales)
Commversion Limited Unaudited accounts for the year ended 31 October 2024
Commversion Limited Unaudited accounts Contents
Page
- 2 -
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
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Commversion Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
97,786 
- 
Tangible assets
7,771 
6,313 
Investments
12,462 
12,462 
118,019 
18,775 
Current assets
Debtors
576,299 
397,757 
Cash at bank and in hand
319,747 
267,798 
896,046 
665,555 
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)
Net assets
371,132 
92,306 
Capital and reserves
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
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Commversion Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
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:
Computer equipment
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2023
- 
Additions
97,786 
At 31 October 2024
97,786 
Amortisation
At 1 November 2023
- 
At 31 October 2024
- 
Net book value
At 31 October 2024
97,786 
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Commversion Limited Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2023
9,325 
Additions
3,635 
At 31 October 2024
12,960 
Depreciation
At 1 November 2023
3,012 
Charge for the year
2,177 
At 31 October 2024
5,189 
Net book value
At 31 October 2024
7,771 
At 31 October 2023
6,313 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 November 2023
12,462 
Valuation at 31 October 2024
12,462 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
514,579 
363,671 
Accrued income and prepayments
- 
21,486 
Other debtors
27,533 
12,600 
542,112 
397,757 
Amounts falling due after more than one year
Accrued income and prepayments
34,187 
- 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
101,300 
71,747 
Trade creditors
44,916 
52,187 
Taxes and social security
114,401 
54,150 
Accruals
347,229 
225,206 
Deferred income
- 
7,015 
607,846 
410,305 
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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 
£ 
£ 
Bank loans
32,803 
38,919 
Other creditors
- 
142,800 
Deferred income
2,284 
- 
35,087 
181,719 
10
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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