Commerce Tuned Limited - Accounts to registrar (filleted) - small 18.2

Commerce Tuned Limited - Accounts to registrar (filleted) - small 18.2

COMMERCE TUNED LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v21.1.6.35 04633285 director 1.2.20 31.1.21 31.1.21 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure046332852020-01-31046332852021-01-31046332852020-02-012021-01-31046332852019-01-31046332852019-02-012020-01-31046332852020-01-3104633285ns16:EnglandWales2020-02-012021-01-3104633285ns15:PoundSterling2020-02-012021-01-3104633285ns11:Director12020-02-012021-01-3104633285ns11:PrivateLimitedCompanyLtd2020-02-012021-01-3104633285ns11:SmallEntities2020-02-012021-01-3104633285ns11:AuditExempt-NoAccountantsReport2020-02-012021-01-3104633285ns11:SmallCompaniesRegimeForDirectorsReport2020-02-012021-01-3104633285ns11:SmallCompaniesRegimeForAccounts2020-02-012021-01-3104633285ns11:AbridgedAccounts2020-02-012021-01-3104633285ns11:OrdinaryShareClass12020-02-012021-01-3104633285ns11:RegisteredOffice2020-02-012021-01-3104633285ns6:CurrentFinancialInstruments2021-01-3104633285ns6:CurrentFinancialInstruments2020-01-3104633285ns6:ShareCapital2021-01-3104633285ns6:ShareCapital2020-01-3104633285ns6:RetainedEarningsAccumulatedLosses2021-01-3104633285ns6:RetainedEarningsAccumulatedLosses2020-01-3104633285ns6:ComputerEquipment2020-02-012021-01-3104633285ns11:OrdinaryShareClass12021-01-3104633285ns11:Director112020-01-3104633285ns11:Director112019-01-3104633285ns11:Director112020-02-012021-01-3104633285ns11:Director112019-02-012020-01-3104633285ns11:Director112021-01-3104633285ns11:Director112020-01-31
REGISTERED NUMBER: 04633285 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2021

FOR

COMMERCE TUNED LIMITED
COMMERCE TUNED LIMITED (REGISTERED NUMBER: 04633285)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2021










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


COMMERCE TUNED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 January 2021







DIRECTOR: Mr P Rudman





REGISTERED OFFICE: 3 Midway Close
Nettleham
Lincoln
LN2 2TE





REGISTERED NUMBER: 04633285 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP
Page 1
COMMERCE TUNED LIMITED (REGISTERED NUMBER: 04633285)

ABRIDGED BALANCE SHEET
31 January 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 166 92

CURRENT ASSETS
Debtors 17,596 30,576
Cash at bank 10,758 7,097
28,354 37,673
CREDITORS
Amounts falling due within one year 8,211 9,765
NET CURRENT ASSETS 20,143 27,908
TOTAL ASSETS LESS CURRENT
LIABILITIES
20,309
28,000

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 20,209 27,900
SHAREHOLDERS' FUNDS 20,309 28,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2021 and were signed by:



Mr P Rudman - Director


The notes form part of these financial statements

Page 2
COMMERCE TUNED LIMITED (REGISTERED NUMBER: 04633285)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2021


1. STATUTORY INFORMATION

Commerce Tuned Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

Page 3 continued...
COMMERCE TUNED LIMITED (REGISTERED NUMBER: 04633285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2021


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2020 275
Additions 249
At 31 January 2021 524
DEPRECIATION
At 1 February 2020 183
Charge for year 175
At 31 January 2021 358
NET BOOK VALUE
At 31 January 2021 166
At 31 January 2020 92

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

7. RESERVES

Reserves£20,209

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2021 and 31 January 2020:

2021 2020
£    £   
Mr P Rudman
Balance outstanding at start of year (178 ) (746 )
Amounts advanced 8,334 9,878
Amounts repaid (10,088 ) (9,310 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,932 ) (178 )

Page 4