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Registration number: 5128124

Commercial Inspirations Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Commercial Inspirations Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Commercial Inspirations Limited

Company Information

Directors

Mr C J Jones

Mrs A L Jones

Registered office

1 Hillington Road
Sale
Cheshire
M33 6GQ

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Commercial Inspirations Limited

(Registration number: 5128124)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

132,201

137,607

Current assets

 

Debtors

5

18,270

18,121

Cash at bank and in hand

 

527,607

524,083

 

545,877

542,204

Creditors: Amounts falling due within one year

6

(74,973)

(84,427)

Net current assets

 

470,904

457,777

Total assets less current liabilities

 

603,105

595,384

Creditors: Amounts falling due after more than one year

6

(141,816)

(147,685)

Provisions for liabilities

(4,050)

(4,500)

Net assets

 

457,239

443,199

Capital and reserves

 

Called up share capital

100

100

Retained earnings

457,139

443,099

Shareholders' funds

 

457,239

443,199

 

Commercial Inspirations Limited

(Registration number: 5128124)
Balance Sheet as at 30 September 2024 (continued)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the Board on 24 June 2025 and signed on its behalf by:
 

.........................................
Mr C J Jones
Director

   
     
 

Commercial Inspirations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 5128124.

The address of its registered office is:
1 Hillington Road
Sale
Cheshire
M33 6GQ

These financial statements were authorised for issue by the Board on 24 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Commercial Inspirations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Government grants

Government grants received are only recognised when there is reasonable assurance that the entity will comply with the conditions attached to them and the grants will be received. Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises as expenses the related costs for which the grants are intended to compensate.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% straight line over 50 years

Plant and machinery

15% reducing balance and 33% straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Commercial Inspirations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

189,415

147,078

336,493

Additions

-

4,534

4,534

At 30 September 2024

189,415

151,612

341,027

Depreciation

At 1 October 2023

81,186

117,700

198,886

Charge for the year

3,627

6,313

9,940

At 30 September 2024

84,813

124,013

208,826

Carrying amount

At 30 September 2024

104,602

27,599

132,201

At 30 September 2023

108,229

29,378

137,607

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

12,367

15,776

Amounts owed by related parties

-

37

Prepayments

 

3,281

2,308

Other debtors

 

2,622

-

   

18,270

18,121

 

Commercial Inspirations Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

644

-

Taxation and social security

9,459

15,850

Accruals and deferred income

28,338

32,594

Other creditors

36,532

35,983

74,973

84,427

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other creditors

141,816

147,685