Registered number
SC589492
COMMERCIAL AND ASSET LENDING LTD
Filleted Accounts
31 March 2025
COMMERCIAL AND ASSET LENDING LTD
Registered number: SC589492
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Current assets
Debtors 3 38,671 110,380
Cash at bank and in hand 984 1,145
39,655 111,525
Creditors: amounts falling due within one year 4 (7,504) (16,103)
Net current assets 32,151 95,422
Total assets less current liabilities 32,151 95,422
Creditors: amounts falling due after more than one year 5 (45,191) (74,091)
Net (liabilities)/assets (13,040) 21,331
Capital and reserves
Called up share capital 10 10
Profit and loss account (13,050) 21,321
Shareholder's funds (13,040) 21,331
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Blair Michie
Director
Approved by the board on 8 August 2025
COMMERCIAL AND ASSET LENDING LTD
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2025 2024
£ £
Trade debtors 38,671 110,380
4 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors 7,504 16,103
5 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 45,191 74,091
6 Other information
COMMERCIAL AND ASSET LENDING LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
The Walkinshaw
11 Walkinshaw Street
Johnstone
PA5 8AF
COMMERCIAL AND ASSET LENDING LTD SC589492 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts July 2024 Blair Michie No description of principal activity SC589492 2023-04-01 2024-03-31 SC589492 core:WithinOneYear 2024-03-31 SC589492 core:AfterOneYear 2024-03-31 SC589492 core:ShareCapital 2024-03-31 SC589492 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC589492 2024-04-01 2025-03-31 SC589492 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC589492 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 SC589492 bus:Director40 2024-04-01 2025-03-31 SC589492 1 2024-04-01 2025-03-31 SC589492 2 2024-04-01 2025-03-31 SC589492 countries:England 2024-04-01 2025-03-31 SC589492 bus:FRS102 2024-04-01 2025-03-31 SC589492 bus:FilletedAccounts 2024-04-01 2025-03-31 SC589492 2025-03-31 SC589492 core:WithinOneYear 2025-03-31 SC589492 core:AfterOneYear 2025-03-31 SC589492 core:ShareCapital 2025-03-31 SC589492 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC589492 2024-03-31 iso4217:GBP xbrli:pure