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REGISTERED NUMBER: 13684285 (England and Wales)










Financial Statements

for the Year Ended 31 October 2023

for

Compertrix Ltd

Compertrix Ltd (Registered number: 13684285)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Compertrix Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Dr P L Rounce
Dr I M D Rounce





REGISTERED OFFICE: 13 Claremont Road
Laindon
Basildon
Essex
SS15 5QB





REGISTERED NUMBER: 13684285 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 32/33 Normany Gateway,
Lysaghts Way,
Scunthorpe
North Lincolnshire
DN15 9YG

Compertrix Ltd (Registered number: 13684285)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 322,933 156,344

CURRENT ASSETS
Cash at bank 15,734 6,124

CREDITORS
Amounts falling due within one year 5 (322,940 ) (159,909 )
NET CURRENT LIABILITIES (307,206 ) (153,785 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,727

2,559

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6 15,627 2,459
SHAREHOLDERS' FUNDS 15,727 2,559

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

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

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 19 February 2024 and were signed on its behalf by:



Dr I M D Rounce - Director


Compertrix Ltd (Registered number: 13684285)

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

1. STATUTORY INFORMATION

Compertrix 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.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Not Provided
Plant and machinery - 15% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

Compertrix Ltd (Registered number: 13684285)

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

4. TANGIBLE FIXED ASSETS
Long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 November 2022 156,344 - 156,344
Additions 165,602 1,008 166,610
At 31 October 2023 321,946 1,008 322,954
DEPRECIATION
Charge for year - 21 21
At 31 October 2023 - 21 21
NET BOOK VALUE
At 31 October 2023 321,946 987 322,933
At 31 October 2022 156,344 - 156,344

The company's Tangible Fixed Assets are represented by investment properties. Depreciation is not charged on the investment properties as the company maintains them in a good state of repair and the values are likely to increase.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 3,890 1,291
Directors' current accounts 317,418 157,106
Accrued expenses 1,632 1,512
322,940 159,909

6. RESERVES
Retained
earnings
£   

At 1 November 2022 2,459
Profit for the year 16,968
Dividends (3,800 )
At 31 October 2023 15,627