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REGISTERED NUMBER: 06373346 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

COMPARE ENERGY BILLS LTD

COMPARE ENERGY BILLS LTD (REGISTERED NUMBER: 06373346)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COMPARE ENERGY BILLS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTORS: C J Jones
Mrs C Jones





REGISTERED OFFICE: Macrome House
Macrome Road
Tettenhall
Wolverhampton
West Midlands
WV6 9HD





REGISTERED NUMBER: 06373346 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

COMPARE ENERGY BILLS LTD (REGISTERED NUMBER: 06373346)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,375 17,277

CURRENT ASSETS
Stocks 41,170 -
Debtors 5 36,298 28,277
Cash at bank 65,231 80,831
142,699 109,108
CREDITORS
Amounts falling due within one year 6 59,677 63,312
NET CURRENT ASSETS 83,022 45,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,397

63,073

CREDITORS
Amounts falling due after more than one
year

7

95,274

55,143
NET ASSETS 1,123 7,930

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,023 7,830
SHAREHOLDERS' FUNDS 1,123 7,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

COMPARE ENERGY BILLS LTD (REGISTERED NUMBER: 06373346)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2022 and were signed on its behalf by:





C J Jones - Director


COMPARE ENERGY BILLS LTD (REGISTERED NUMBER: 06373346)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. STATUTORY INFORMATION

Compare Energy Bills Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

COMPARE ENERGY BILLS LTD (REGISTERED NUMBER: 06373346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2020
and 30 September 2021 31,550
DEPRECIATION
At 1 October 2020 14,273
Charge for year 3,902
At 30 September 2021 18,175
NET BOOK VALUE
At 30 September 2021 13,375
At 30 September 2020 17,277

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2020
and 30 September 2021 10,400
DEPRECIATION
At 1 October 2020 108
Charge for year 2,573
At 30 September 2021 2,681
NET BOOK VALUE
At 30 September 2021 7,719
At 30 September 2020 10,292

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 36,298 28,277

COMPARE ENERGY BILLS LTD (REGISTERED NUMBER: 06373346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 20,500 3,333
Hire purchase contracts 2,699 4,779
Trade creditors 6,311 4,738
Taxation and social security 27,497 48,122
Other creditors 2,670 2,340
59,677 63,312

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 87,417 46,667
Hire purchase contracts 7,857 8,476
95,274 55,143

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,750 -