COMMERCIS ME LTD

• ⚠

  Material uncertainty over going concern

  The director refers to Note 1 of the financial statements which indicate that the Company has net assets/(liabilities) of ($1,052,357); 2023: ($776,401). The Company's ability to continue as a going concern is dependent on the continued financial support from its ultimate parent undertaking, Commercis plc and continued availability of the bank loan facilities. Considering the current resources and review of the financial forecasts and projections, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from approval of the financial statements. We draw attention to the financial statements, which indicate that the Company has made a loss after tax of $275,956 and has net liability of $1,052,357. Given the recurring losses and the net liability position, there is inherent uncertainty over the company's ability to continue as a going concern, and hence we consider it necessary to draw attention to this matter.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +5.2%

  USD 556,422 → USD 585,187

• Cash

  -10.4%

  USD 15,654 → USD 14,029

• Net assets

  -35.5%

  USD -776,401 → USD -1,052,357

• Employees

  0%

  7 → 7

• Operating profit

  +55.3%

  USD -823,978 → USD -367,941

• Profit before tax

  +55.3%

  USD -823,978 → USD -367,941

• Wages

  -39%

  USD 158,337 → USD 96,521

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. COMMERCIS ME LTD 2025-07-03 → present
2. QUIKA LTD 2017-11-28 → 2025-07-03

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

McMillan Woods Audits Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The director refers to Note 1 of the financial statements which indicate that the Company has net assets/(liabilities) of ($1,052,357); 2023: ($776,401). The Company's ability to continue as a going concern is dependent on the continued financial support from its ultimate parent undertaking, Commercis plc and continued availability of the bank loan facilities. Considering the current resources and review of the financial forecasts and projections, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from approval of the financial statements. We draw attention to the financial statements, which indicate that the Company has made a loss after tax of $275,956 and has net liability of $1,052,357. Given the recurring losses and the net liability position, there is inherent uncertainty over the company's ability to continue as a going concern, and hence we consider it necessary to draw attention to this matter.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.