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Company Registration No. 08115222 (England and Wales)
COMPACT FINANCIAL SOLUTIONS LTD Unaudited accounts for the year ended 30 June 2023
COMPACT FINANCIAL SOLUTIONS LTD Unaudited accounts Contents
Page
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COMPACT FINANCIAL SOLUTIONS LTD Company Information for the year ended 30 June 2023
Director
Ibrar Hussain
Company Number
08115222 (England and Wales)
Registered Office
132 BARKEREND ROAD BRADFORD WEST YORKSHIRE BD3 9BE ENGLAND
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COMPACT FINANCIAL SOLUTIONS LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,362 
1,212 
Current assets
Cash at bank and in hand
65,450 
57,702 
Creditors: amounts falling due within one year
(4,967)
(3,532)
Net current assets
60,483 
54,170 
Net assets
61,845 
55,382 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
61,844 
55,381 
Shareholders' funds
61,845 
55,382 
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 March 2024 and were signed on its behalf by
Ibrar Hussain Director Company Registration No. 08115222
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COMPACT FINANCIAL SOLUTIONS LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
COMPACT FINANCIAL SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 08115222. The registered office is 132 BARKEREND ROAD, BRADFORD, WEST YORKSHIRE, BD3 9BE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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:
Computer equipment
18
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
4,069 
Additions
449 
At 30 June 2023
4,518 
Depreciation
At 1 July 2022
2,857 
Charge for the year
299 
At 30 June 2023
3,156 
Net book value
At 30 June 2023
1,362 
At 30 June 2022
1,212 
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COMPACT FINANCIAL SOLUTIONS LTD Notes to the Accounts for the year ended 30 June 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
4,091 
2,814 
Other creditors
- 
813 
Loans from directors
376 
(440)
Accruals
500 
345 
4,967 
3,532 
6
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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