Abbreviated Company Accounts - COMMERCIAL PEOPLE LIMITED

COMMERCIAL PEOPLE LIMITED - Company Information

08686825 COMMERCIAL PEOPLE LIMITED 2014-12-31 false 2013-12-01 2014-12-31 true 08686825 2013-12-01 2014-12-31 08686825 2014-12-31 08686825 2013-11-30 08686825 uk-gaap-cd-bus:Director1 2013-12-01 2014-12-31 08686825 uk-gaap-cd-bus:Director2 2013-12-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-30 iso4217:GBP shares

Registered Number 08686825

COMMERCIAL PEOPLE LIMITED

Abbreviated Accounts

31 December 2014

COMMERCIAL PEOPLE LIMITED Registered Number 08686825

Abbreviated Balance Sheet as at 31 December 2014

	Notes	31/12/2014	30/11/2013
		£	£
Fixed assets
Intangible assets	2	55,680	-
Tangible assets	3	2,758	-
		58,438	-
Current assets
Debtors		307	100,000
Investments		1,574	-
		1,881	100,000
Creditors: amounts falling due within one year		(24,405)	-
Net current assets (liabilities)		(22,524)	100,000
Total assets less current liabilities		35,914	100,000
Total net assets (liabilities)		35,914	100,000
Capital and reserves
Called up share capital	4	100,000	100,000
Profit and loss account		(64,086)	-
Shareholders' funds		35,914	100,000

For the year ending 31 December 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2015

And signed on their behalf by:
Nahim Rahman, Director

COMMERCIAL PEOPLE LIMITED Registered Number 08686825

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% reducing balance

Other accounting policies
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.

2Intangible fixed assets

	£
Cost
At 1 December 2013	-
Additions	55,680
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	55,680
Amortisation
At 1 December 2013	-
Charge for the year	-
On disposals	-
At 31 December 2014	-
Net book values
At 31 December 2014	55,680
At 30 November 2013	-

Website development costs has been measured at historical cost and represent the costs incurred to develop the website as at 30 December 2014. Since the website continues to be developed and was not commercially available for use at the period end, no amortisation has been charged.

3Tangible fixed assets

	£
Cost
At 1 December 2013	-
Additions	3,678
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	3,678
Depreciation
At 1 December 2013	-
Charge for the year	920
On disposals	-
At 31 December 2014	920
Net book values
At 31 December 2014	2,758
At 30 November 2013	-

4Called Up Share Capital
Allotted, called up and fully paid:

	31/12/2014 £	30/11/2013 £
100,000 Ordinary shares of £1 each	100,000	100,000