Registered number
06260244
Comp T Limited
Filleted Accounts
31 May 2023
Comp T Limited
Registered number: 06260244
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 123,123 123,363
Creditors: amounts falling due within one year 3 (6,517) (6,517)
Net current assets 116,606 116,846
Net assets 116,606 116,846
Capital and reserves
Called up share capital 100 100
Profit and loss account 116,506 116,746
Shareholder's funds 116,606 116,846
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E Demaid-Jones
Director
Approved by the board on 23 November 2023
Comp T Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 6,517 6,517
4 Controlling party
The company is controlled by Mr Demaid-Jones, the company's sole director, by virtue of a 100 per cent controlling interest in the company's share capital. The dividend payable to Mr Demaid-Jones was £nil (2021 - £nil).
5 Other information
Comp T Limited is a private company limited by shares and incorporated in England. Its registered office is:
236 Coleshill Heath Road
Birmingham
B37 7HU
Comp T Limited 06260244 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 E Demaid-Jones No description of principal activity 06260244 2021-06-01 2022-05-31 06260244 core:WithinOneYear 2022-05-31 06260244 core:ShareCapital 2022-05-31 06260244 core:RetainedEarningsAccumulatedLosses 2022-05-31 06260244 2022-06-01 2023-05-31 06260244 bus:EntityNoLongerTradingButTradedInPast 2022-06-01 2023-05-31 06260244 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06260244 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 06260244 bus:Director40 2022-06-01 2023-05-31 06260244 2 2022-06-01 2023-05-31 06260244 countries:England 2022-06-01 2023-05-31 06260244 bus:FRS102 2022-06-01 2023-05-31 06260244 bus:FullAccounts 2022-06-01 2023-05-31 06260244 2023-05-31 06260244 core:WithinOneYear 2023-05-31 06260244 core:ShareCapital 2023-05-31 06260244 core:RetainedEarningsAccumulatedLosses 2023-05-31 06260244 2022-05-31 iso4217:GBP xbrli:pure