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
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
COMMERCIAL IT RECYCLING LTD
Statement of financial position
as at 31 March 2025
Intangible assets
5,650
5,650
Tangible assets
18,230
22,232
Inventories
662,000
660,000
Cash at bank and in hand
55,394
43,454
Creditors: amounts falling due within one year
(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
(664,289)
(662,664)
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
COMMERCIAL IT RECYCLING LTD
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
At 31 March 2025
14,801
3,429
18,230
At 31 March 2024
18,050
4,182
22,232
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
1,919
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).