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Company Registration No. 07775662 (England and Wales)
247 Commerce Limited Unaudited accounts for the year ended 31 December 2024
247 Commerce Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
247 Commerce Limited Company Information for the year ended 31 December 2024
Directors
S. Patro R. Jenna M. Smith S. Patra
Secretary
R Jenna
Company Number
07775662 (England and Wales)
Registered Office
Unit 1, Lincoln House Great West Road Brentford TW8 0GE England
Accountants
CFPro Limited BKL LLP 35 Ballards Lane London N3 1XW
- 3 -
247 Commerce Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
1,343,502 
1,257,249 
Tangible assets
5
439,778 
437,851 
1,783,280 
1,695,100 
Current assets
Debtors
6
951,502 
749,465 
Cash at bank and in hand
170,941 
203,878 
1,122,443 
953,343 
Creditors: amounts falling due within one year
7
(222,757)
(234,327)
Net current assets
899,686 
719,016 
Total assets less current liabilities
2,682,966 
2,414,116 
Provisions for liabilities
Deferred tax
(342,564)
(280,575)
Net assets
2,340,402 
2,133,541 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
152,704 
152,704 
Profit and loss account
2,187,598 
1,980,737 
Shareholders' funds
2,340,402 
2,133,541 
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 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 of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
S. Patro Director Company Registration No. 07775662
- 4 -
247 Commerce Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
247 Commerce Limited is a private company, limited by shares, registered in England and Wales, registration number 07775662. The registered office is Unit 1, Lincoln House, Great West Road, Brentford, TW8 0GE, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets - Internally developed - development costs
Intangible fixed assets are included at cost less accumulated amortisation. Expenditure on internally developed products is capitalised if it can be demonstrated that: - it is technically feasible to develop the product for it to be sold; - adequate resources are available to complete the development; - there is an intention to complete and sell the product; - the Company is able to sell the product; - sale of the product will generate future economic benefits; and - expenditure on the project can be measured reliably. Capitalised development costs are amortised over three years. The amortisation expense is included within administrative expenses in the consolidated statement of comprehensive income. Development expenditure not satisfying the above criteria and expenditure on the research phase of internal projects are recognised in the consolidated statement of comprehensive income as incurred.
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:
Land & buildings
Straight line over 50 years
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
- 5 -
247 Commerce Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
2,950,591 
Additions
785,512 
At 31 December 2024
3,736,103 
Amortisation
At 1 January 2024
1,693,342 
Charge for the year
699,259 
At 31 December 2024
2,392,601 
Net book value
At 31 December 2024
1,343,502 
At 31 December 2023
1,257,249 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
500,000 
40,103 
35,068 
575,171 
Additions
- 
- 
32,517 
32,517 
At 31 December 2024
500,000 
40,103 
67,585 
607,688 
Depreciation
At 1 January 2024
80,417 
39,468 
17,435 
137,320 
Charge for the year
10,000 
717 
19,873 
30,590 
At 31 December 2024
90,417 
40,185 
37,308 
167,910 
Net book value
At 31 December 2024
409,583 
(82)
30,277 
439,778 
At 31 December 2023
419,583 
635 
17,633 
437,851 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
582,420 
481,333 
Accrued income and prepayments
54,821 
59,909 
Other debtors
314,261 
208,223 
951,502 
749,465 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
171,460 
183,928 
Loans from directors
32,607 
32,607 
Accruals
18,690 
17,792 
222,757 
234,327 
- 6 -
247 Commerce Limited Notes to the Accounts for the year ended 31 December 2024
8
Average number of employees
During the year the average number of employees was 10 (2023: 17).
- 7 -