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Company Registration No. 10956012 (England and Wales)
41 Commercial Street Ltd Unaudited accounts for the year ended 30 September 2025
41 Commercial Street Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
41 Commercial Street Ltd Company Information for the year ended 30 September 2025
Director
Xueming Guo
Company Number
10956012 (England and Wales)
Registered Office
62 Wentworth Street London E1 7AL England
- 3 -
41 Commercial Street Ltd Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
58,834
39,651
Current assets
Inventories
6,950
7,350
Debtors
5
904,497
642,381
Cash at bank and in hand
278,483
317,367
1,189,930
967,098
Creditors: amounts falling due within one year
6
(279,750)
(476,466)
Net current assets
910,180
490,632
Net assets
969,014
530,283
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
968,914
530,183
Shareholders' funds
969,014
530,283
For the year ending 30 September 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 8 June 2026 and were signed on its behalf by
Xueming Guo Director Company Registration No. 10956012
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41 Commercial Street Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
41 Commercial Street Ltd is a private company, limited by shares, registered in England and Wales, registration number 10956012. The registered office is 62 Wentworth Street , London, E1 7AL, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
5% straight line
Plant & machinery
20% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
- 5 -
41 Commercial Street Ltd Notes to the Accounts for the year ended 30 September 2025
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2024
22,932
69,681
9,596
3,565
105,774
Additions
-
26,359
7,639
-
33,998
At 30 September 2025
22,932
96,040
17,235
3,565
139,772
Depreciation
At 1 October 2024
8,029
44,933
9,596
3,565
66,123
Charge for the year
1,147
10,221
3,447
-
14,815
At 30 September 2025
9,176
55,154
13,043
3,565
80,938
Net book value
At 30 September 2025
13,756
40,886
4,192
-
58,834
At 30 September 2024
14,903
24,748
-
-
39,651
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
35,307
25,693
Other debtors
869,190
616,688
904,497
642,381
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
37,169
35,908
Taxes and social security
239,556
430,555
Other creditors
-
6,396
Loans from directors
25
1,599
Accruals
3,000
2,008
279,750
476,466
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Included in other creditors is an amount of £25 (2024: £1,599) due to Mr Xueming Guo, a sole director of the company. During the year interim dividends of £17,000 (2024: £84,000) were paid to the director.
- 6 -
41 Commercial Street Ltd Notes to the Accounts for the year ended 30 September 2025
9
Controlling party
There is no single controlling party for this and the preceding year.
10
Average number of employees
During the year the average number of employees was 36 (2024: 37).
- 7 -