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Registered Number: 14283841
England and Wales

 

 

 

THE COMMERCE TEAM GLOBAL LTD



UNAUDITED FINANCIAL STATEMENTS
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
Directors Suraj GURUNG
Amitkumar Vijaykumar JAIN
Kalpeshkumar Jayantibhai PATEL
Paul David SANDERSON
Registered Number 14283841
Registered Office 86-90 PAUL STREET
ENGLAND
LONDON
UK
EC2A 4NE
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 March 2025.
Principal activities
Principal activity of the company during the financial year was of providing solutions for ecommerce including website development and related services.
Directors
The directors who served the company throughout the year were as follows:
Suraj GURUNG
Amitkumar Vijaykumar JAIN
Kalpeshkumar Jayantibhai PATEL
Paul David SANDERSON
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Paul David SANDERSON
Director

Date approved: 02 August 2025
2
 

 
Notes

 
2025
£

  2024
£
(as restated)
Turnover 2,505,185    2,647,490 
Cost of sales (1,817,357)   (1,502,096)
Gross profit 687,828    1,145,394 
Selling and distribution costs (92,425)   (94,305)
Administrative expenses (124,394)   (134,249)
Other operating income 2 82,534   
Operating profit 3 553,543    916,840 
Profit/(Loss) on ordinary activities before taxation 553,543    916,840 
Tax on profit on ordinary activities 5 (138,409)   (229,342)
Profit/(Loss) for the financial year 415,134    687,498 
 
3
 

 
Notes

 
2025
£

  2024
£
(as restated)
Fixed assets      
Tangible fixed assets 6 13,552    8,462 
Investments 7 5,348    5,348 
18,900    13,810 
Current assets      
Debtors 8 586,036    477,210 
Cash at bank and in hand 748,470    705,192 
1,334,506    1,182,402 
Creditors: amount falling due within one year 9 (382,805)   (317,231)
Net current assets 951,701    865,171 
 
Total assets less current liabilities 970,601    878,981 
Provisions for liabilities 10   (980)
Net assets 970,601    878,001 
 

Capital and reserves
     
Called up share capital 8    8 
Share premium account 11 346,398    428,932 
Profit and loss account 12 624,195    449,061 
Shareholders' funds 970,601    878,001 
 


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors on 02 August 2025 and were signed on its behalf by:


-------------------------------
Paul David SANDERSON
Director
4
General Information
THE COMMERCE TEAM GLOBAL LTD is a private company, limited by shares, registered in England and Wales, registration number 14283841, registration address 86-90 PAUL STREET, ENGLAND, LONDON, UK, EC2A 4NE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 25%
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Other operating income

2025
£
  2024
£
Exceptional item 82,534   
82,534   

Exceptional Item
  • Nature of Item -During FY 2022-23, customer receipts totalling £82,534 were erroneously credited to share premium instead of income.
  • Period to which error relates F.Y. 2022-23.
  • Reason for correction in current year - impracticability of retrospective adjustment.
  • The exceptional credit of £82,534/- has increased profit for the F.Y. 24-25 year by £82,534/-




3.

Operating profit/(loss)

2025
£
  2024
£
The operating profit is stated after charging:

 
Depreciation of tangible fixed assets 3,203    2,500 

4.

Average number of employees

Average number of employees during the year was 8 (2024 : 6).
5.

Tax on profit on ordinary activities

2025
£
  2024
£
UK Corporation Tax 138,409    229,342 
138,409    229,342 

6.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 April 2024 10,962    10,962 
Additions 8,293    8,293 
Disposals  
At 31 March 2025 19,255    19,255 
Depreciation
At 01 April 2024 2,500    2,500 
Charge for year 3,203    3,203 
On disposals  
At 31 March 2025 5,703    5,703 
Net book values
Closing balance as at 31 March 2025 13,552    13,552 
Opening balance as at 01 April 2024 8,462    8,462 


7.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2024 5,348    5,348 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2025 5,348    5,348 

8.

Debtors: amounts falling due within one year

2025
£
  2024
£
Trade Debtors 381,238    680,497 
Other Debtors 204,798    (203,287)
586,036    477,210 

9.

Creditors: amount falling due within one year

2025
£
  2024
£
Trade Creditors 7,559    10,779 
Bank Loans & Overdrafts 2,097   
Taxation and Social Security 178,226    302,838 
Other Creditors 194,923    3,614 
382,805    317,231 

10.

Provisions for liabilities

2025
£
  2024
£
Pension Provisions   980 
  980 

11.

Share premium account

2025
£
  2024
£
Equity Share Premium b/fwd 428,932    348,712 
Equity Share Premium - New Issue (82,534)   80,220 
346,398    428,932 

Exceptional Item
  • Nature of Item -During FY 2022-23, customer receipts totalling £82,534 were erroneously credited to share premium instead of income.
  • Period to which error relates F.Y. 2022-23.
  • Reason for correction in current year - impracticability of retrospective adjustment.
  • The exceptional credit of £82,534/- has increased profit for the F.Y. 24-25 year by £82,534/-

12.

Profit and loss account

  2025
£
Balance at 01 April 2024 449,061 
Profit for the year 415,134 
Equity Dividends Proposed (240,000)
Balance at 31 March 2025 624,195 

13.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2025
£
 2024
£
 2025
£
 2024
£
TCTG India Pvt LTd(783,189)(690,870)204,048 169,378 
The Commerce Team Global DOOEL Skopje(192,926)(138,705)
Orioncoders Digital Pvt Ltd(310,911)(200,507)

TCTG India Pvt Ltd is a 100% owned subsidiary of The Commerce Team Global Limited
The Commerce Team Global Dooel Skopje is a 100% owned by The Commerce Team Global Limited as a sole owner.
All the mentioned payments are for Sub-contracting work for the development, testing, maintainance related to primary business of the company including e-commerce solutions. Orioncoders Digital Pvt Ltd is controlled by Directors Amit Jain and Kalpesh Patel.
5
 
2025
£


  2024
£
(as restated)
Turnover          
Sales   2,462,803      2,644,476 
Other Income   42,382      3,014 
  2,505,185      2,647,490 
Cost of sales          
Direct Wages & Salaries 309,890      212,203 
Employer's PAYE & NI Contributions 55,619      42,525 
Depreciation Charge: Plant & Machinery 106     
Depreciation Charge: Computer Equipment 3,097      2,500 
Sub-Contract Cost 1,448,645      1,244,868 
  (1,817,357)     (1,502,096)
Gross profit   687,828      1,145,394 
Selling and distribution costs          
Advertising 90,986      93,030 
Entertainment 1,439      1,275 
  (92,425)     (94,305)
Administrative expenses          
Staff Training 17,527      6,941 
Staff Welfare 4,637      2,661 
Legal and Professional Fees (Allowable) 4,534      7,775 
General Travel Expenses 34,042      49,211 
Bank Charges 1,102      890 
Exchange Rate Losses/Gains 4,689      17,259 
General Insurance 12,583      12,337 
Computer Expenses 41,867      34,386 
Repairs & Renewals 335     
Stationery & Postage 150      34 
Telephone, Fax & Internet 2,369      2,168 
Sundry Expenses (1)     235 
Donations 560      352 
  (124,394)     (134,249)
Other operating income          
Exceptional item 82,534     
  82,534     
Operating profit   553,543      916,840 
Profit/(Loss) on ordinary activities before taxation   553,543      916,840 
 
6