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COMPANY REGISTRATION NUMBER: 13861756
COMPELLO ONLINE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2023
COMPELLO ONLINE LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 20 JANUARY 2022 TO 31 JANUARY 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
COMPELLO ONLINE LIMITED
BALANCE SHEET
31 January 2023
31 Jan 23
Note
£
Current assets
Debtors
4
100
Cash at bank and in hand
1,471
------------
1,571
Creditors: amounts falling due within one year
5
( 777)
------------
Net current assets
794
------------
Total assets less current liabilities
794
------------
Net assets
794
------------
Capital and reserves
Called up share capital
6
100
Profit and loss account
694
------------
Shareholders funds
794
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 October 2023 , and are signed on behalf of the board by:
Mr C R Peace
Director
Company registration number: 13861756
COMPELLO ONLINE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 20 JANUARY 2022 TO 31 JANUARY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
31 Jan 23
£
Director's loan account
100
------------
5. Creditors: amounts falling due within one year
31 Jan 23
£
Accruals and deferred income
600
Corporation tax
177
------------
777
------------
6. Called up share capital
Issued, called up and fully paid
31 Jan 23
No.
£
Ordinary shares of £ 1 each
100
100
------------
------------
During the period 100 ordinary £1 shares were issued fully paid for cash at par.
7. Related party transactions
The director's loan account included in debtors of £100 is unsecured, repayable on demand and currently interest free. The company is controlled by C R Peace.