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Company Registration No. 10675077 (England and Wales)
COMMERCIAL IT RECYCLING LTD Unaudited accounts for the year ended 31 March 2025
COMMERCIAL IT RECYCLING LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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COMMERCIAL IT RECYCLING LTD Company Information for the year ended 31 March 2025
Director
Muhammed Waheed Khaliq
Company Number
10675077 (England and Wales)
Registered Office
Unit 3 3 Gibbons Street NOTTINGHAM NG7 2SB ENGLAND
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COMMERCIAL IT RECYCLING LTD Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
5,650
5,650
Tangible assets
5
18,230
22,232
23,880
27,882
Current assets
Inventories
662,000
660,000
Debtors
6
-
9,867
Cash at bank and in hand
55,394
43,454
717,394
713,321
Creditors: amounts falling due within one year
7
(7,177)
(12,016)
Net current assets
710,217
701,305
Total assets less current liabilities
734,097
729,187
Creditors: amounts falling due after more than one year
8
(664,289)
(662,664)
Net assets
69,808
66,523
Capital and reserves
Called up share capital
1
1
Profit and loss account
69,807
66,522
Shareholders' funds
69,808
66,523
For the year ending 31 March 2025 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 26 December 2025 and were signed on its behalf by
Muhammed Waheed Khaliq Director Company Registration No. 10675077
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COMMERCIAL IT RECYCLING LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
COMMERCIAL IT RECYCLING LTD is a private company, limited by shares, registered in England and Wales, registration number 10675077. The registered office is Unit 3, 3 Gibbons Street, NOTTINGHAM, NG7 2SB, 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.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
5,650
At 31 March 2025
5,650
Amortisation
At 1 April 2024
-
At 31 March 2025
-
Net book value
At 31 March 2025
5,650
At 31 March 2024
5,650
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COMMERCIAL IT RECYCLING LTD Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
34,034
8,140
42,174
At 31 March 2025
34,034
8,140
42,174
Depreciation
At 1 April 2024
15,984
3,958
19,942
Charge for the year
3,249
753
4,002
At 31 March 2025
19,233
4,711
23,944
Net book value
At 31 March 2025
14,801
3,429
18,230
At 31 March 2024
18,050
4,182
22,232
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
9,867
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
9,999
Taxes and social security
-
1,919
Other creditors
7,177
98
7,177
12,016
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
12,289
22,441
Accruals
652,000
640,223
664,289
662,664
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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