ASCENSION COMMERCIAL LIMITED

Company Registration Number:
07586400 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

ASCENSION COMMERCIAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ASCENSION COMMERCIAL LIMITED

Company Information

for the Period Ended 31 December 2024




Director: Davinia Adelle Powell
Leslie Worrel Isaac
Austin Aggrey Odoom
Michael John Amoah
Christina Amarachi Mbakwe
Registered office: C/O Ascension Trust
Alpha House, Alpha Place
Garth Road, Morden
Surrey
SM4 4TQ
Company Registration Number: 07586400 (England and Wales)

ASCENSION COMMERCIAL LIMITED

Directors' Report Period Ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal Activities

The company's principal activities during the year was the resale of clothing and other branded merchandise.

Directors

The directors shown below have held office during the whole of the period from 01 January 2024 to 31 December 2024
Davinia Adelle Powell
Leslie Worrel Isaac
Austin Aggrey Odoom
Michael John Amoah

The director(s) shown below resigned during the period
Christina Amarachi Mbakwe
12 January 2024

This report was approved by the board of directors on 29 July 2025
And Signed On Behalf Of The Board By:

Name: Leslie Worrel Isaac
Status: Director

ASCENSION COMMERCIAL LIMITED

Profit and Loss Account

for the Period Ended 31 December 2024


Notes

2024
£

2023
£
Turnover 59,022 55,497
Cost of sales ( 54,990 ) ( 48,743 )
Gross Profit or (Loss) 4,032 6,754
Distribution Costs ( 3,399 ) ( 3,380 )
Administrative Expenses ( 7,186 ) ( 13,543 )
Operating Profit or (Loss) ( 6,553 ) ( 10,169 )
Interest Receivable and Similar Income 203 153
Profit or (Loss) Before Tax ( 6,350 ) ( 10,016 )
Tax on Profit ( 3 ) ( 0 )
Profit or (Loss) for Period ( 6,353 ) ( 10,016 )

The notes form part of these financial statements

ASCENSION COMMERCIAL LIMITED

Balance sheet

As at 31 December 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 33,165 44,492
Debtors: 4 312 7,203
Cash at bank and in hand: 88,176 64,948
Total current assets: 121,653 116,643
Creditors: amounts falling due within one year: 5 ( 33,303 ) ( 37,157 )
Net current assets (liabilities): 88,350 79,486
Total assets less current liabilities: 88,350 79,486
Creditors: amounts falling due after more than one year: 6 ( 103,724 ) ( 88,507 )
Total net assets (liabilities): ( 15,374 ) ( 9,021 )

The notes form part of these financial statements

ASCENSION COMMERCIAL LIMITED

Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 15,375 ) ( 9,022 )
Shareholders funds: ( 15,374 ) ( 9,021 )

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 29 July 2025
And Signed On Behalf Of The Board By:

Name: Leslie Worrel Isaac
Status: Director

The notes form part of these financial statements

ASCENSION COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and VAT.

ASCENSION COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

ASCENSION COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

ASCENSION COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors


2024
£

2023
£
Trade debtors 28 6,918
Other debtors 284 285
Total 312 7,203

ASCENSION COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 886 5,161
Taxation and social security 1,613 860
Other creditors 30,804 31,136
Total 33,303 37,157

ASCENSION COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

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


2024
£

2023
£
Other creditors 103,724 88,507
Total 103,724 88,507