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Registration number: 02362544

The Confederation of Trades & Commerce Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

The Confederation of Trades & Commerce Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

The Confederation of Trades & Commerce Limited

(Registration number: 02362544)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Other financial assets

5

1,192,480

730,478

Current assets

 

Debtors

6

2,813,600

2,876,497

Cash at bank and in hand

 

50,972

425,422

 

2,864,572

3,301,919

Creditors: Amounts falling due within one year

7

(381,803)

(523,724)

Net current assets

 

2,482,769

2,778,195

Total assets less current liabilities

 

3,675,249

3,508,673

Provisions for liabilities

(30,977)

(40,477)

Net assets

 

3,644,272

3,468,196

Capital and reserves

 

Called up share capital

8

100

100

Revaluation reserve

92,933

121,432

Profit and loss account

3,551,239

3,346,664

Shareholders' funds

 

3,644,272

3,468,196

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

Director's 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 director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 August 2025
 

.........................................
A J Marcus
Director

 

The Confederation of Trades & Commerce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Lawford House
Albert Place
London
N3 1QA
England

These financial statements were authorised for issue by the director on 11 August 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 financial statements are presented in sterling, which is also company's functional currency. Monetary amounts in these financial statements are rounded to the nearest Pound (£).

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.

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.

 

The Confederation of Trades & Commerce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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

Plant and machinery etc.

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

The Confederation of Trades & Commerce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

The Confederation of Trades & Commerce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

6,166

6,166

At 31 March 2025

6,166

6,166

Depreciation

At 1 April 2024

6,166

6,166

At 31 March 2025

6,166

6,166

Carrying amount

At 31 March 2025

-

-

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2024

730,478

730,478

Fair value adjustments

(37,998)

(37,998)

Additions

500,000

500,000

At 31 March 2025

1,192,480

1,192,480

Impairment

Carrying amount

At 31 March 2025

1,192,480

1,192,480

6

Debtors

Current

Note

2025
£

2024
£

Amounts owed by related parties

9

2,813,600

2,848,600

Prepayments

 

-

27,897

   

2,813,600

2,876,497

 

The Confederation of Trades & Commerce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

-

773

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

3,500

3,500

Taxation and social security

 

64,939

23,737

Accruals and deferred income

 

1,300

-

Other creditors

 

312,064

495,714

 

381,803

523,724

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Called-up share capital of £1 each

100

100

100

100

       

9

Related party transactions

Included within other debtors is an amount of £2,813,600 (2024: £2,848,600) owed by a company in which the director has an interest as both a director and participator.

Included within creditors is an amount of £3,500 (2024: £3,500) payable to a company in which the director has an interest as both a director and participator.

Included within creditors is a director’s loan account balance of 312,064 (2024: £495,589), which is interest-free and repayable on demand.