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REGISTERED NUMBER: 06518403 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 March 2023

for

Compass Graphic Design Limited

Compass Graphic Design Limited (Registered number: 06518403)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Compass Graphic Design Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P A Ormiston
M F Plummer





REGISTERED OFFICE: 13 Easton Square
Sherston
Malmesbury
Wiltshire
SN16 0LX





REGISTERED NUMBER: 06518403 (England and Wales)





ACCOUNTANTS: Dolman's Chartered Accountants
The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE

Compass Graphic Design Limited (Registered number: 06518403)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12 66
12 66

CURRENT ASSETS
Stocks 537 498
Debtors 6 11,171 8,458
Cash at bank 4,864 10,837
16,572 19,793
CREDITORS
Amounts falling due within one year 7 14,047 14,956
NET CURRENT ASSETS 2,525 4,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,537

4,903

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,437 4,803
SHAREHOLDERS' FUNDS 2,537 4,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Compass Graphic Design Limited (Registered number: 06518403)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 13 September 2023 and were signed on its behalf by:





P A Ormiston - Director


Compass Graphic Design Limited (Registered number: 06518403)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Compass Graphic Design 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 15,000
AMORTISATION
At 1 April 2022
and 31 March 2023 15,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Compass Graphic Design Limited (Registered number: 06518403)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 2,308 6,670 8,978
DEPRECIATION
At 1 April 2022 2,285 6,627 8,912
Charge for year 11 43 54
At 31 March 2023 2,296 6,670 8,966
NET BOOK VALUE
At 31 March 2023 12 - 12
At 31 March 2022 23 43 66

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,105 5,986
Other debtors 3,066 2,472
11,171 8,458

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 591 -
Taxation and social security 1,751 4,959
Other creditors 11,705 9,997
14,047 14,956