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Company No: 07845799 (England and Wales)

THE COMMS GUYS LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

THE COMMS GUYS LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

THE COMMS GUYS LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2024
THE COMMS GUYS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2024
DIRECTORS H A Chaplin
L A Chaplin
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 07845799 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
THE COMMS GUYS LIMITED

BALANCE SHEET

As at 30 November 2024
THE COMMS GUYS LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 17,443 10,005
17,443 10,005
Current assets
Stocks 10,250 10,750
Debtors 4 524,500 395,809
Cash at bank and in hand 126,064 184,668
660,814 591,227
Creditors: amounts falling due within one year 5 ( 229,997) ( 228,589)
Net current assets 430,817 362,638
Total assets less current liabilities 448,260 372,643
Creditors: amounts falling due after more than one year 6 ( 18,157) ( 60,693)
Net assets 430,103 311,950
Capital and reserves
Called-up share capital 4 4
Profit and loss account 430,099 311,946
Total shareholders' funds 430,103 311,950

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

Directors' responsibilities:

The financial statements of The Comms Guys Limited (registered number: 07845799) were approved and authorised for issue by the Board of Directors on 18 August 2025. They were signed on its behalf by:

H A Chaplin
Director
THE COMMS GUYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
THE COMMS GUYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Comms Guys Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 5 years straight line
Fixtures and fittings 25 % reducing balance
Computer equipment 25 % reducing balance
Stocks

Stocks are valued at the lower of cost and estimated sales price, after making due allowance for obsolete and slow moving items.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 9

3. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 December 2023 0 0 18,580 18,580
Additions 8,787 1,006 904 10,697
At 30 November 2024 8,787 1,006 19,484 29,277
Accumulated depreciation
At 01 December 2023 0 0 8,575 8,575
Charge for the financial year 594 80 2,585 3,259
At 30 November 2024 594 80 11,160 11,834
Net book value
At 30 November 2024 8,193 926 8,324 17,443
At 30 November 2023 0 0 10,005 10,005

4. Debtors

2024 2023
£ £
Trade debtors 30,775 47,348
Amounts owed by related parties 427,207 346,915
Other debtors 66,518 1,546
524,500 395,809

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 41,635 41,360
Trade creditors 25,269 27,620
Taxation and social security 145,149 119,893
Other creditors 17,944 39,716
229,997 228,589

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 18,157 60,693

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

Other financial commitments

2024 2023
£ £
Marlborough Business Centre Lease 110,250 0

At the reporting end date the company had outstanding commitments for future minimum lease payments under operating leases.