SECRET COMPASS LTD

Company Registration Number:
07746209 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

SECRET COMPASS LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

SECRET COMPASS LTD

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 98,418 53,882
Investments: 4 5,120 5,120
Total fixed assets: 103,538 59,002
Current assets
Stocks: 82,297 675
Debtors:   1,039,679 1,184,755
Cash at bank and in hand: 671,505 588,991
Total current assets: 1,793,481 1,774,421
Creditors: amounts falling due within one year:   (820,473) (1,034,711)
Net current assets (liabilities): 973,008 739,710
Total assets less current liabilities: 1,076,546 798,712
Creditors: amounts falling due after more than one year:   (38,333) (60,076)
Total net assets (liabilities): 1,038,213 738,636
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,038,113 738,536
Shareholders funds: 1,038,213 738,636

The notes form part of these financial statements

SECRET COMPASS LTD

Balance sheet statements

For the year ending 31 August 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 April 2024
and signed on behalf of the board by:

Name: T Bodkin
Status: Director

The notes form part of these financial statements

SECRET COMPASS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Land & buildings 20 years straight linePlant & machinery 3 years straight lineMotor vehicles 5 years reducing balanceComputer equipment 3 years straight line

SECRET COMPASS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 19 15

SECRET COMPASS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 127,136
Additions 71,582
At 31 August 2023 198,718
Depreciation
At 01 September 2022 73,254
Charge for year 27,046
At 31 August 2023 100,300
Net book value
At 31 August 2023 98,418
At 31 August 2022 53,882

SECRET COMPASS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Fixed investments

Investments represents shares held in a subsidiary undertaking. Consolidated accounts are not required.