Company Registration No. 10482350 (England and Wales)
COMMODITIES BROKERS INTERNATIONAL LIMITED
Unaudited accounts
for the year ended 30 November 2024
COMMODITIES BROKERS INTERNATIONAL LIMITED
Unaudited accounts
Contents
COMMODITIES BROKERS INTERNATIONAL LIMITED
Company Information
for the year ended 30 November 2024
Company Number
10482350 (England and Wales)
Registered Office
19 Burrfield Drive
St Mary Cray
Orpington
Kent
BR5 4BZ
Accountants
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
COMMODITIES BROKERS INTERNATIONAL LIMITED
Accountants' report
Accountants' report to the director of COMMODITIES BROKERS INTERNATIONAL LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
COMMODITIES BROKERS INTERNATIONAL LIMITED for the year ended
30 November 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of COMMODITIES BROKERS INTERNATIONAL LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of COMMODITIES BROKERS INTERNATIONAL LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than COMMODITIES BROKERS INTERNATIONAL LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that COMMODITIES BROKERS INTERNATIONAL LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of COMMODITIES BROKERS INTERNATIONAL LIMITED. You consider that COMMODITIES BROKERS INTERNATIONAL LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of COMMODITIES BROKERS INTERNATIONAL LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
31 August 2025
COMMODITIES BROKERS INTERNATIONAL LIMITED
Statement of financial position
as at 30 November 2024
Tangible assets
5,696
6,490
Cash at bank and in hand
83
54
Creditors: amounts falling due within one year
(14,248)
(5,082)
Net current (liabilities)/assets
(5,204)
1,067
Total assets less current liabilities
492
7,557
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Net liabilities
(49,508)
(42,443)
Called up share capital
100
100
Profit and loss account
(49,608)
(42,543)
Shareholders' funds
(49,508)
(42,443)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2025 and were signed on its behalf by
Taiwo Sheteolu
Director
Company Registration No. 10482350
COMMODITIES BROKERS INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 30 November 2024
COMMODITIES BROKERS INTERNATIONAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10482350. The registered office is 19 Burrfield Drive, St Mary Cray, Orpington, Kent, BR5 4BZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
20
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The board of director has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
COMMODITIES BROKERS INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
1,500
1,000
8,750
11,250
At 30 November 2024
1,500
1,000
8,750
11,250
At 1 December 2023
886
271
3,603
4,760
Charge for the year
123
73
598
794
At 30 November 2024
1,009
344
4,201
5,554
At 30 November 2024
491
656
4,549
5,696
At 30 November 2023
614
729
5,147
6,490
Amounts falling due within one year
Amounts due from group undertakings etc.
4,464
564
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
6,730
-
Other creditors
7,203
4,767
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).