Commercials Cost Control Limited Filleted accounts for Companies House (small and micro)
Commercials Cost Control Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
02666699
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STATEMENT OF FINANCIAL POSITION |
2022 |
2021 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Investments |
5 |
– |
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------- |
---------- |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
7 |
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--------- |
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Net current liabilities |
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------- |
---------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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---- |
---- |
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Net assets |
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---- |
---- |
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STATEMENT OF FINANCIAL POSITION (continued) |
2022 |
2021 |
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Note |
£ |
£ |
Capital and reserves
Called up share capital |
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---- |
---- |
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Shareholders funds |
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---- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
16 June 2022
, and are signed on behalf of the board by:
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Director |
Company registration number:
02666699
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 28 FEBRUARY 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, BN3 2DL.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
Foreign currencies
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property improvements |
- |
2 years straight line |
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Fixtures & fittings |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Tangible assets
Leasehold property improvements |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 March 2021 and 28 February 2022 |
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------- |
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Depreciation |
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At 1 March 2021 |
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Charge for the year |
– |
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------- |
--------- |
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At 28 February 2022 |
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------- |
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Carrying amount |
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At 28 February 2022 |
– |
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--------- |
------- |
--------- |
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At 28 February 2021 |
– |
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------- |
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5.
Investments
Other investments other than loans |
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£ |
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Cost |
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At 1 March 2021 |
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Disposals |
(
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---------- |
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At 28 February 2022 |
– |
---------- |
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Impairment |
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At 1 March 2021 and 28 February 2022 |
– |
---------- |
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Carrying amount |
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At 28 February 2022 |
– |
---------- |
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At 28 February 2021 |
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---------- |
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6.
Debtors
2022 |
2021 |
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£ |
£ |
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Trade debtors |
– |
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Other debtors |
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------- |
------- |
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------- |
------- |
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7.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Other creditors |
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8.
Directors' advances, credits and guarantees
The company was under the control of
Mr G M Connor
throughout the current and previous year. Mr G M Connor
is the managing director and majority shareholder. Dividends were paid to the directors totalling £53,151.65.
9.
Related party transactions
There are no further related party disclosures required as per FRS 102 Section 1A.