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REGISTERED NUMBER: 00481394 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

C. COMPTON LIMITED

C. COMPTON LIMITED (REGISTERED NUMBER: 00481394)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C. COMPTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: M C A Compton





SECRETARY: L A Ewen





REGISTERED OFFICE: Unit 1
Compton Business Park
Thrush Road
Poole
Dorset
BH12 4FJ





REGISTERED NUMBER: 00481394 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

C. COMPTON LIMITED (REGISTERED NUMBER: 00481394)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,329 33,210

CURRENT ASSETS
Stocks 5 808,000 855,450
Debtors 6 - 3,860
Cash at bank and in hand 54,569 68,826
862,569 928,136
CREDITORS
Amounts falling due within one year 7 664,179 719,828
NET CURRENT ASSETS 198,390 208,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,719

241,518

CREDITORS
Amounts falling due after more than one
year

8

12,500

22,500
NET ASSETS 219,219 219,018

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 214,219 214,018
SHAREHOLDERS' FUNDS 219,219 219,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

C. COMPTON LIMITED (REGISTERED NUMBER: 00481394)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2024 and were signed by:





M C A Compton - Director


C. COMPTON LIMITED (REGISTERED NUMBER: 00481394)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

C. Compton 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 in the profit and loss account represents work done during the year, exclusive of Value Added Tax.

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 - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


C. COMPTON LIMITED (REGISTERED NUMBER: 00481394)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Steel Fixtures
framed Plant and and
building machinery fittings
£    £    £   
COST
At 1 March 2023 31,200 60,590 9,269
Additions - - -
At 29 February 2024 31,200 60,590 9,269
DEPRECIATION
At 1 March 2023 - 60,064 8,369
Charge for year - 79 90
At 29 February 2024 - 60,143 8,459
NET BOOK VALUE
At 29 February 2024 31,200 447 810
At 28 February 2023 31,200 526 900

C. COMPTON LIMITED (REGISTERED NUMBER: 00481394)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 56,973 - 158,032
Additions - 608 608
At 29 February 2024 56,973 608 158,640
DEPRECIATION
At 1 March 2023 56,389 - 124,822
Charge for year 117 203 489
At 29 February 2024 56,506 203 125,311
NET BOOK VALUE
At 29 February 2024 467 405 33,329
At 28 February 2023 584 - 33,210

5. STOCKS
2024 2023
£    £   
Stocks 738,000 785,450
Raw materials 70,000 70,000
808,000 855,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,020
Other debtors - 2,840
- 3,860

C. COMPTON LIMITED (REGISTERED NUMBER: 00481394)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 152 4,033
Taxation and social security 174 1,849
Other creditors 653,853 703,946
664,179 719,828

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 12,500 22,500

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company had received loans from the director of £652,279 (2023 - £701,279) which are included in creditors falling due within one year. This balance is interest free and repayable on demand.