IRIS Accounts Production v25.2.0.378 06792457 director 1.9.23 31.8.24 31.8.24 false true false false false true false Ordinary 1.00000 Preference Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067924572023-08-31067924572024-08-31067924572023-09-012024-08-31067924572022-08-31067924572022-09-012023-08-31067924572023-08-3106792457ns15:EnglandWales2023-09-012024-08-3106792457ns14:PoundSterling2023-09-012024-08-3106792457ns10:Director12023-09-012024-08-3106792457ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3106792457ns10:SmallEntities2023-09-012024-08-3106792457ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3106792457ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3106792457ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3106792457ns10:FullAccounts2023-09-012024-08-310679245712023-09-012024-08-3106792457ns10:OrdinaryShareClass12023-09-012024-08-3106792457ns10:OrdinaryShareClass22023-09-012024-08-3106792457ns10:RegisteredOffice2023-09-012024-08-3106792457ns5:CurrentFinancialInstruments2024-08-3106792457ns5:CurrentFinancialInstruments2023-08-3106792457ns5:Non-currentFinancialInstruments2024-08-3106792457ns5:Non-currentFinancialInstruments2023-08-3106792457ns5:ShareCapital2024-08-3106792457ns5:ShareCapital2023-08-3106792457ns5:RetainedEarningsAccumulatedLosses2024-08-3106792457ns5:RetainedEarningsAccumulatedLosses2023-08-3106792457ns5:PatentsTrademarksLicencesConcessionsSimilar2023-09-012024-08-3106792457ns5:MotorVehicles2023-09-012024-08-3106792457ns5:ComputerEquipment2023-09-012024-08-3106792457ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-3106792457ns5:PatentsTrademarksLicencesConcessionsSimilar2024-08-3106792457ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-3106792457ns5:MotorVehicles2023-08-3106792457ns5:ComputerEquipment2023-08-3106792457ns5:MotorVehicles2024-08-3106792457ns5:ComputerEquipment2024-08-3106792457ns5:MotorVehicles2023-08-3106792457ns5:ComputerEquipment2023-08-3106792457ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3106792457ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3106792457ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-08-3106792457ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-08-3106792457ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-08-3106792457ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-08-3106792457ns5:HirePurchaseContracts2024-08-3106792457ns5:HirePurchaseContracts2023-08-3106792457ns5:WithinOneYear2024-08-3106792457ns5:WithinOneYear2023-08-3106792457ns5:Secured2024-08-3106792457ns5:Secured2023-08-3106792457ns5:DeferredTaxation2023-08-3106792457ns5:DeferredTaxation2023-09-012024-08-3106792457ns5:DeferredTaxation2024-08-3106792457ns10:OrdinaryShareClass12024-08-3106792457ns10:OrdinaryShareClass22024-08-31
REGISTERED NUMBER: 06792457 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

COMMULITE LIMITED

COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COMMULITE LIMITED

Company Information
for the year ended 31 August 2024







Director: Mrs L E Curtis





Registered office: 3rd Floor
86-90 Paul Street
London
EC2A 4NE





Registered number: 06792457 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Statement of Financial Position
31 August 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 21,222 10,933
21,222 10,933

Current assets
Stocks 177,500 185,000
Debtors 6 45,621 54,552
Cash at bank 3,167 6,442
226,288 245,994
Creditors
Amounts falling due within one year 7 297,845 343,598
Net current liabilities (71,557 ) (97,604 )
Total assets less current liabilities (50,335 ) (86,671 )

Creditors
Amounts falling due after more than one
year

8

(15,364

)

-

Provisions for liabilities 11 (5,306 ) (2,077 )
Net liabilities (71,005 ) (88,748 )

Capital and reserves
Called up share capital 12 75,100 75,100
Retained earnings (146,105 ) (163,848 )
Shareholders' funds (71,005 ) (88,748 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Statement of Financial Position - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:





Mrs L E Curtis - Director


COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Notes to the Financial Statements
for the year ended 31 August 2024


1. Statutory information

Commulite Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and
considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Patents
A patent purchased in 2012, is being amortised evenly over ten years until the expiration of the patent agreement in 2022.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Pension costs and other post-retirement benefits
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.

COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


3. Employees and directors

The average number of employees during the year was 3 (2023 - 5 ) .

4. Intangible fixed assets
Patents and
licences
£
Cost
At 1 September 2023
and 31 August 2024 5,000
Amortisation
At 1 September 2023
and 31 August 2024 5,000
Net book value
At 31 August 2024 -
At 31 August 2023 -

5. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 September 2023 21,055 11,235 32,290
Additions 26,544 - 26,544
Disposals (21,055 ) (8,115 ) (29,170 )
At 31 August 2024 26,544 3,120 29,664
Depreciation
At 1 September 2023 14,462 6,895 21,357
Charge for year 6,636 328 6,964
Eliminated on disposal (14,462 ) (5,417 ) (19,879 )
At 31 August 2024 6,636 1,806 8,442
Net book value
At 31 August 2024 19,908 1,314 21,222
At 31 August 2023 6,593 4,340 10,933

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 10,397 9,306
Other debtors 35,224 45,246
45,621 54,552

COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 20,307 31,019
Hire purchase contracts (see note 9) 3,066 -
Trade creditors 45,837 115,510
Taxation and social security 193,705 191,414
Other creditors 34,930 5,655
297,845 343,598

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Hire purchase contracts (see note 9) 15,364 -

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£ £
Net obligations repayable:
Within one year 3,066 -
Between one and five years 15,364 -
18,430 -

Non-cancellable
operating leases
2024 2023
£ £
Within one year 14,792 14,792

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 6,250 22,917

The bank loan is secured by way of a contains a fixed and floating charge over all the property or undertaking of the company.

11. Provisions for liabilities
2024 2023
£ £
Deferred tax 5,306 2,077

COMMULITE LIMITED (REGISTERED NUMBER: 06792457)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


11. Provisions for liabilities - continued

Deferred tax
£
Balance at 1 September 2023 2,077
Charge to Statement of Income and Retained Earnings during year 3,229
Balance at 31 August 2024 5,306

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100
75,000 Preference Shares £1 75,000 75,000
75,100 75,100

13. Director's advances, credits and guarantees

Included within other creditors due within one year is an amount of £28,341 (2023 - £6,743, other debtors) due to the director, Mrs L Curtis.