Registered number
10879668
COMPASS CONSTRUCTION GROUP LTD
Filleted Accounts
31 July 2023
COMPASS CONSTRUCTION GROUP LTD
Registered number: 10879668
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,755 2,194
Current assets
Debtors 4 26,129 4,837
Cash at bank and in hand 46,227 41,102
72,356 45,939
Creditors: amounts falling due within one year 5 (60,828) (27,051)
Net current assets 11,528 18,888
Total assets less current liabilities 13,283 21,082
Creditors: amounts falling due after more than one year 6 (11,339) (15,337)
Net assets 1,944 5,745
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,844 5,645
Shareholders' funds 1,944 5,745
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Mather
Director
Approved by the board on 18 April 2024
COMPASS CONSTRUCTION GROUP LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and equipment 20% on the reducing balance basis
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and equipment
£
Cost
At 1 August 2022 6,695
At 31 July 2023 6,695
Depreciation
At 1 August 2022 4,501
Charge for the year 439
At 31 July 2023 4,940
Net book value
At 31 July 2023 1,755
At 31 July 2022 2,194
4 Debtors 2023 2022
£ £
Trade debtors 26,129 -
Taxation - 4,837
26,129 4,837
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors and accruals 21,760 6,740
Taxation 37,189 15,982
Directors' loan accounts 1,879 4,329
60,828 27,051
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan 11,339 15,337
7 Other information
COMPASS CONSTRUCTION GROUP LTD is a private company limited by shares and incorporated in England. Its registered office is:
Burnside
Ellel
Lancaster
LA2 0QG
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