04640602falsethe supply of cabling systems2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director22022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-03-31http://www.companieshouse.gov.uk/cd:Director32022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22022-04-012023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32022-04-012023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass42022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass52022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 04640602

Compass Cabling Systems Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
Stuart Armstrong & Co Ltd
Accountants and taxation consultants
5 Fisher Street
Carlisle
Cumbria
CA3 8RR

Compass Cabling Systems Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Mr G J Miller
Mrs S J Miller
Mr J Boyle
SECRETARY
Mrs S J Miller
REGISTERED OFFICE
Unit 21 Chapel Place
Denton Holme Trading Estate
CARLISLE
Cumbria
CA2 5DF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04640602
ACCOUNTANTS
Stuart Armstrong & Co Ltd
Accountants and taxation consultants
5 Fisher Street
Carlisle
Cumbria
CA3 8RR

Compass Cabling Systems Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Compass Cabling Systems Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Intangible assets3114,000149,083
Tangible assets46,3499,871
120,349158,954
CURRENT ASSETS
Stock2,6488,777
Debtors6199,589188,052
Cash at bank and in hand128,899164,573
331,136361,402
CREDITORS: Amounts falling due within one year7268,026298,840
NET CURRENT ASSETS63,11062,562
TOTAL ASSETS LESS CURRENT LIABILITIES183,459221,516
CREDITORS: Amounts falling due after more than one year872,473109,298
PROVISIONS FOR LIABILITIES AND CHARGES91,2061,880
NET ASSETS109,780110,338
CAPITAL AND RESERVES
Called up share capital101,0161,016
Profit and loss account108,764109,322
SHAREHOLDERS' FUNDS109,780110,338
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/11/2023 and signed on their behalf by
.............................
Mr G J Miller
Director

Compass Cabling Systems Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 15%
Plant and Machinerystraight line 25%
Commercial Vehiclesstraight line 25%
Equipmentstraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20232022
No.No.
Average number of employees1624

Compass Cabling Systems Limited

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/2022267,300267,300
Disposals(77,300)(77,300)
At 31/03/2023190,000190,000
Depreciation
At 01/04/2022118,217118,217
Disposals(61,638)(61,638)
For the year19,42119,421
At 31/03/202376,00076,000
Net Book Amounts
At 31/03/2023114,000114,000
At 31/03/2022149,083149,083
4. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andCommercial
PropertiesMachineryVehiclesEquipmentTotal
£££££
Cost
At 01/04/20228,09313,01611,5006,64839,257
Additions-2,187--2,187
Disposals--(5,750)-(5,750)
At 31/03/20238,09315,2035,7506,64835,694
Depreciation
At 01/04/20226,39411,6386,9004,45429,386
Disposals--(4,320)-(4,320)
For the year4054572,0201,3974,279
At 31/03/20236,79912,0954,6005,85129,345
Net Book Amounts
At 31/03/20231,2943,1081,1507976,349
At 31/03/20221,6991,3784,6002,1949,871
5. STOCK 20232022
££
Stock comprises:
Stock2,648-
Stock raw materials-2,648
Work in progress-6,129
2,6488,777

Compass Cabling Systems Limited

6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors177,157184,755
Retentions2,8742,225
Prepayments19,5581,072
199,589188,052
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax1,81138,160
VAT22,92443,885
PAYE control9,42911,819
Salaries and wages control1,5691,537
Directors current account72,30049,505
Loans36,82435,032
Credit card3,1972,189
Trade creditors102,48964,817
Other creditors3,883-
Accruals13,2257,147
Deferred income37544,749
268,026298,840
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr72,473109,298
72,473109,298
9. PROVISIONS FOR LIABILITIES 20232022
££
Accelerated capital allowances1,2061,880
1,2061,880

Compass Cabling Systems Limited

10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
5 A Ordinary non equity non voting of £1 each55
5 B Ordinary non equity non voting of £1 each55
5 C Ordinary non equity non voting of £1 each55
1 D Ordinary non equity non voting of £1 each11
1,0161,016
New shares issued during period:
5 A Ordinary non equity non voting of £1 each5
5 B Ordinary non equity non voting of £1 each5
5 C Ordinary non equity non voting of £1 each5
1 D Ordinary non equity non voting of £1 each1