Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false true No description of principal activity 1 January 2023 31 December 2023 31 December 2023 04284518 Mr Christopher Winnett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04284518 2022-12-31 04284518 2023-12-31 04284518 2023-01-01 2023-12-31 04284518 frs-core:CurrentFinancialInstruments 2023-12-31 04284518 frs-core:Non-currentFinancialInstruments 2023-12-31 04284518 frs-core:BetweenOneFiveYears 2023-12-31 04284518 frs-core:WithinOneYear 2023-12-31 04284518 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04284518 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04284518 frs-bus:Micro-entities 2023-01-01 2023-12-31 04284518 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04284518 frs-bus:Director1 2023-01-01 2023-12-31 04284518 frs-bus:Director1 2022-12-31 04284518 frs-bus:Director1 2023-12-31 04284518 2021-12-31 04284518 2022-12-31 04284518 2022-01-01 2022-12-31 04284518 frs-core:CurrentFinancialInstruments 2022-12-31 04284518 frs-core:Non-currentFinancialInstruments 2022-12-31 04284518 frs-core:BetweenOneFiveYears 2022-12-31 04284518 frs-core:WithinOneYear 2022-12-31
Registered number: 04284518
Compass Financial Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
1 Accounts Online Ltd
Rubine House
Manor Road
Haverhill
Suffolk
CB9 0EP
Balance Sheet
Registered number: 04284518
2023 2022
£ £
Fixed assets 117,986 4,061
Current assets 100,271 27,489
Prepayments and accrued income 4,080 4,080
Creditors: Amounts Falling Due Within One Year (26,870 ) (2,541 )
NET CURRENT ASSETS 77,481 29,028
TOTAL ASSETS LESS CURRENT LIABILITIES 195,467 33,089
Creditors: Amounts Falling After More Than One Year (137,724 ) -
Provisions for liabilities (362 ) (1,167 )
Accruals and deferred income (96,156 ) (94,444 )
NET LIABILITIES (38,775 ) (62,522 )
CAPITAL AND RESERVES (38,775 ) (62,522 )

Notes

1. General Information
Compass Financial Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04284518 . The registered office is Rubine House, Manor Road, Haverhill, Suffolk, CB9 0EP.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 2)
6 2
3. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 1,234 1,234
Later than one year and not later than five years 3,701 4,934
4,935 6,168
4. Directors Advances, Credits and Guarantees
Included within debtors (2022: creditors) are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Christopher Winnett (228 ) 47,278 (35,830 ) - 11,220
The above loan is unsecured, interest free on credit balances and 2% on debit balances and repayable on demand.
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The director Mr C Winnett has provided a personal guarentee to cover a loan, who's balance at the year end was £104,519 (2022: £nil).
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Christopher Winnett
Director
17 April 2024