Comit Consulting Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07472555

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		50,377		46,721

			50,377		46,721
CURRENT ASSETS
Debtors	5	482,842		495,516
Cash at bank and in hand		821,120		815,812

		1,303,962		1,311,328
Creditors: Amounts Falling Due Within One Year	6	(250,826 )		(328,216 )

NET CURRENT ASSETS (LIABILITIES)			1,053,136		983,112

TOTAL ASSETS LESS CURRENT LIABILITIES			1,103,513		1,029,833

NET ASSETS			1,103,513		1,029,833

CAPITAL AND RESERVES
Called up share capital	7		350		350
Profit and Loss Account			1,103,163		1,029,483

SHAREHOLDERS' FUNDS			1,103,513		1,029,833

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Comit Consulting Ltd

Balance Sheet (continued)

As At 31 December 2024

For the 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.

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M Khan

Director

29/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Comit Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07472555 . The registered office is Suite 207 Basing House, 46 High Street, Rickmansworth, WD3 1HP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	Straight line over 3 years

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 4)

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Comit Consulting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	56,250	4,331	16,501	77,082
Additions	20,000	-	1,301	21,301

As at 31 December 2024	76,250	4,331	17,802	98,383

Depreciation
As at 1 January 2024	14,063	1,083	15,215	30,361
Provided during the period	15,546	812	1,287	17,645

As at 31 December 2024	29,609	1,895	16,502	48,006

Net Book Value
As at 31 December 2024	46,641	2,436	1,300	50,377

As at 1 January 2024	42,187	3,248	1,286	46,721

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	102,753	91,204
Prepayments and accrued income	75,650	184,264
Other debtors	283,551	205,000
VAT	20,888	15,048

	482,842	495,516

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	8,184	7,311
Corporation tax	68,008	100,247
Other taxes and social security	2,653	530
Accruals and deferred income	57,965	189,735
Directors' loan accounts	114,016	30,393

	250,826	328,216

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Comit Consulting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
150 Ordinary Shares of £ 1.00 each	150	150
50 Ordinary A shares of £ 1.00 each	50	50
50 Ordinary B shares of £ 1.00 each	50	50
50 Ordinary C shares of £ 1.00 each	50	50
50 Ordinary D shares of £ 1.00 each	50	50

	350	350

The ordinary shares have voting and dividend rights, whereas the ordinary A, B, C, and D shares are non voting, dividend only.

8. Dividends

	2024	2023
	£	£
On equity shares:
Interim dividend paid	-	123,770
Final dividend paid	125,900	-

	125,900	123,770

9. Related Party Transactions

Other debtors include an interest free loan of £200,500 to My Premier Properties Ltd, a company controlled by the director, with no fixed terms for repayment and the aggregate amount repayable on demand.

10. Ultimate Controlling Party

The directors, Mr W A Khan and Mrs I K Khan, are controlling parties by virtue of their combined 100% holding of voting share capital.

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