Registration number: 02935683

Commercial Credit Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Commercial Credit Limited

(Registration number: 02935683)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	50,091	28,887
Current assets
Debtors	5	373,034	321,628
Cash at bank and in hand		34,527	2,264
		407,561	323,892
Creditors: Amounts falling due within one year	6	(384,117)	(280,863)
Net current assets		23,444	43,029
Total assets less current liabilities		73,535	71,916
Provisions for liabilities		(12,522)	(7,222)
Net assets		61,013	64,694
Capital and reserves
Called up share capital		2	2
Retained earnings		61,011	64,692
Shareholders' funds		61,013	64,694

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2025 and signed on its behalf by:
 

......................................... Mr P Galletley Director

Commercial Credit Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15 Mill Hill Drive
Sandbach
Cheshire
CW11 4PW
England

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).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

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 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.

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.

Commercial Credit Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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
Motor vehicles	25% reducing balance
Plant and machinery	25% reducing balance
Computer equipment	33% reducing balance

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Commercial Credit Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	4,010	99,690	10,634	114,334
Additions	-	37,900	-	37,900
At 31 December 2024	4,010	137,590	10,634	152,234
Depreciation
At 1 January 2024	4,010	70,841	10,596	85,447
Charge for the year	-	16,687	9	16,696
At 31 December 2024	4,010	87,528	10,605	102,143
Carrying amount
At 31 December 2024	-	50,062	29	50,091
At 31 December 2023	-	28,849	38	28,887

5

Debtors

Current	Note	2024 £	2023 £
Amounts owed by related parties		372,934	321,628
Other debtors		100	-
		373,034	321,628

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Taxation and social security	-	1,330
Other creditors	384,117	279,533
	384,117	280,863