| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2024 |
| for |
| COMMULITE LIMITED |
| REGISTERED NUMBER: |
| 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: |
| Registered office: |
| Registered number: |
| Accountants: |
| 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 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Creditors |
| Amounts falling due after more than one year |
8 |
( |
) |
| Provisions for liabilities | 11 | ( |
) | ( |
) |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 12 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| 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 were approved by the director and authorised for issue on |
| COMMULITE LIMITED (REGISTERED NUMBER: 06792457) |
| Notes to the Financial Statements |
| for the year ended 31 August 2024 |
| 1. | Statutory information |
| Commulite Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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 |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| 4. | Intangible fixed assets |
| Patents and |
| licences |
| £ |
| Cost |
| At 1 September 2023 |
| and 31 August 2024 |
| Amortisation |
| At 1 September 2023 |
| and 31 August 2024 |
| 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 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 August 2024 |
| Depreciation |
| At 1 September 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 August 2024 |
| Net book value |
| At 31 August 2024 |
| At 31 August 2023 |
| 6. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 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 |
| Hire purchase contracts (see note 9) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 2024 | 2023 |
| £ | £ |
| Hire purchase contracts (see note 9) |
| 9. | Leasing agreements |
| Minimum lease payments fall due as follows: |
| Hire purchase |
| contracts |
| 2024 | 2023 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| 10. | Secured debts |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| 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 |
| Charge to Statement of Income and Retained Earnings during year |
| Balance at 31 August 2024 |
| 12. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 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. |