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REGISTERED NUMBER: 11821451 (England and Wales)







Unaudited Financial Statements for the Year Ended 30 April 2022

for

Comparket Limited

Comparket Limited (Registered number: 11821451)






Contents of the Financial Statements
for the Year Ended 30 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Comparket Limited

Company Information
for the Year Ended 30 April 2022







DIRECTOR: J Volanthen





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 11821451 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Comparket Limited (Registered number: 11821451)

Balance Sheet
30 April 2022

30.4.22 30.4.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,532 13,503

CURRENT ASSETS
Stocks 300 -
Debtors 5 204,162 4,927
Cash at bank 138,839 118,992
343,301 123,919
CREDITORS
Amounts falling due within one year 6 50,671 11,451
NET CURRENT ASSETS 292,630 112,468
TOTAL ASSETS LESS CURRENT LIABILITIES 340,162 125,971

PROVISIONS FOR LIABILITIES 9,031 724
NET ASSETS 331,131 125,247

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 331,031 125,147
SHAREHOLDERS' FUNDS 331,131 125,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

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 18 August 2022 and were signed by:





J Volanthen - Director


Comparket Limited (Registered number: 11821451)

Notes to the Financial Statements
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

Comparket 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Comparket Limited (Registered number: 11821451)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2021 7,335 15,000 1,879 24,214
Additions - 45,223 1,964 47,187
Disposals - (15,000 ) - (15,000 )
At 30 April 2022 7,335 45,223 3,843 56,401
DEPRECIATION
At 1 May 2021 3,209 6,563 939 10,711
Charge for year 1,032 4,583 863 6,478
Eliminated on disposal - (8,320 ) - (8,320 )
At 30 April 2022 4,241 2,826 1,802 8,869
NET BOOK VALUE
At 30 April 2022 3,094 42,397 2,041 47,532
At 30 April 2021 4,126 8,437 940 13,503

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Trade debtors 3,780 3,570
Other debtors 200,023 -
Tax 207 -
Prepayments and accrued income 152 1,357
204,162 4,927

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.22 30.4.21
£    £   
Tax 36,847 5,746
Social security and other taxes - 747
VAT 3,505 1,334
Other creditors - 563
Directors' current accounts 9,217 2,011
Accruals and deferred income 1,102 1,050
50,671 11,451

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.4.22 30.4.21
value: £    £   
100 Ordinary £1 100 100

Comparket Limited (Registered number: 11821451)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022

8. RELATED PARTY DISCLOSURES

The Director of Comparket Ltd is also the Director and ultimate controlling party of Volanthen Services Ltd.
Included in debtors is a loan of £200,023 to Volanthen Services Ltd.

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Volanthen.